Neptune Insurance (NYSE:NP) Major Shareholder Hold 101 Lp Bsiv Sells 688,403 Shares of Stock

Neptune Insurance Holdings Inc. (NYSE:NP) major shareholder Hold 101 Lp Bsiv sold 688,403 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $18,173,839.20. Following the sale, the insider directly owned 14,252,718 shares in the company, valued at $376,271,755.20. The trade was a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Hold 101 Lp Bsiv also recently made the following trade(s):

• On Friday, May 15th, Hold 101 Lp Bsiv sold 4,589,351 shares of Neptune Insurance stock. The shares were sold at an average price of $26.40, for a total transaction of $121,158,866.40.

Neptune Insurance Price Performance

Shares of NP stock opened at $26.70 on Wednesday. The company’s fifty day simple moving average is $25.13 and its two-hundred day simple moving average is $25.00. Neptune Insurance Holdings Inc. has a 1 year low of $14.78 and a 1 year high of $33.23. The stock has a market capitalization of $3.69 billion and a price-to-earnings ratio of 98.90.

Neptune Insurance (NYSE:NP) last issued its earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The business had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. Neptune Insurance’s revenue for the quarter was up 28.8% on a year-over-year basis. Equities research analysts anticipate that Neptune Insurance Holdings Inc. will post 0.39 EPS for the current year.

Wall Street Analyst Weigh In

NP has been the topic of several analyst reports. Evercore reiterated an “outperform” rating on shares of Neptune Insurance in a research report on Friday, May 8th. Morgan Stanley decreased their price target on Neptune Insurance from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 4th. Raymond James Financial reiterated an “outperform” rating on shares of Neptune Insurance in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Neptune Insurance in a research report on Monday, April 20th. Finally, BMO Capital Markets raised shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $25.00 to $20.00 in a report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $27.42.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN bought a new position in shares of Neptune Insurance in the fourth quarter worth approximately $28,000. PNC Financial Services Group Inc. bought a new position in shares of Neptune Insurance in the fourth quarter worth approximately $125,000. FNY Investment Advisers LLC bought a new position in shares of Neptune Insurance in the third quarter worth approximately $171,000. Symmetry Investments LP bought a new position in shares of Neptune Insurance in the fourth quarter worth approximately $204,000. Finally, FJ Capital Management LLC bought a new position in shares of Neptune Insurance in the fourth quarter worth approximately $289,000.

About Neptune Insurance

Our mission is to create a smarter, more resilient insurance platform powered by AI, data science, and technology, enabling insurers to deploy capacity with confidence and delivering instant access to coverage for policyholders and agents. Neptune is a leading, high-growth, highly profitable, data-driven managing general agent that is revolutionizing the way homeowners and businesses protect against the growing risks of flooding. We offer a range of easy-to-purchase residential and commercial insurance products — including primary flood insurance, excess flood insurance, and parametric earthquake insurance — distributed through a nationwide network of agencies.