Dockside LLC Invests $598,000 in Neptune Insurance Holdings Inc. $NP

Dockside LLC bought a new position in Neptune Insurance Holdings Inc. (NYSE:NP) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 20,498 shares of the company’s stock, valued at approximately $598,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NP. Wells Fargo & Company MN purchased a new stake in shares of Neptune Insurance in the 4th quarter worth about $28,000. PNC Financial Services Group Inc. purchased a new stake in shares of Neptune Insurance in the 4th quarter worth about $125,000. FNY Investment Advisers LLC purchased a new stake in shares of Neptune Insurance in the 3rd quarter worth about $171,000. BIT Capital GmbH purchased a new stake in shares of Neptune Insurance in the 4th quarter worth about $292,000. Finally, Cohen & Steers Inc. purchased a new stake in shares of Neptune Insurance in the 4th quarter worth about $292,000.

Neptune Insurance Price Performance

Shares of NYSE NP opened at $27.53 on Monday. 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 cap of $3.81 billion and a P/E ratio of 101.98. The firm has a 50-day moving average of $26.79 and a 200 day moving average of $25.25.

Neptune Insurance (NYSE:NP) last issued its quarterly 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 analysts’ expectations of $36.96 million. Neptune Insurance’s quarterly revenue was up 28.8% on a year-over-year basis. Research analysts expect that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NP. Evercore reaffirmed an “outperform” rating on shares of Neptune Insurance in a research report on Friday, May 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Neptune Insurance in a research report on Monday, April 20th. Raymond James Financial reissued an “outperform” rating on shares of Neptune Insurance in a research report on Monday, April 27th. Morgan Stanley lifted their price target on shares of Neptune Insurance from $26.00 to $29.00 and gave the company an “equal weight” rating in a research report on Thursday, May 21st. Finally, Mizuho lifted their price target on shares of Neptune Insurance from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.73.

Insider Activity

In other Neptune Insurance news, major shareholder Vii L.P. Ftv sold 5,252,044 shares of Neptune Insurance stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $26.40, for a total value of $138,653,961.60. Following the completion of the transaction, the insider directly owned 17,098,587 shares of the company’s stock, valued at approximately $451,402,696.80. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of Neptune Insurance stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $26.40, for a total transaction of $121,158,866.40. Following the completion of the transaction, the insider directly owned 14,941,121 shares of the company’s stock, valued at $394,445,594.40. This trade represents a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,317,604 shares of company stock valued at $298,784,746 over the last ninety days. Corporate insiders own 74.26% of the company’s stock.

Neptune Insurance Profile

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.