Neptune Insurance Holdings Inc. (NYSE:NP) Receives $30.61 Consensus Price Target from Analysts

Neptune Insurance Holdings Inc. (NYSE:NP) has been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $31.4643.

NP has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Neptune Insurance from $26.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Bank of America increased their price objective on shares of Neptune Insurance from $23.00 to $26.00 and gave the company a “neutral” rating in a research note on Tuesday, April 14th. Mizuho lifted their target price on shares of Neptune Insurance from $29.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. BMO Capital Markets cut Neptune Insurance from an “outperform” rating to a “market perform” rating and set a $32.00 target price for the company. in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Neptune Insurance in a research note on Friday, July 17th.

Neptune Insurance Trading Up 0.6%

NYSE NP opened at $31.84 on Wednesday. Neptune Insurance has a 1-year low of $14.78 and a 1-year high of $35.15. The firm’s fifty day simple moving average is $29.61 and its 200-day simple moving average is $26.14. The company has a market capitalization of $4.37 billion and a PE ratio of 127.36.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%.The firm had revenue of $55.87 million during the quarter, compared to analysts’ expectations of $52.38 million. As a group, analysts predict that Neptune Insurance will post 0.4 EPS for the current year.

Insider Activity at Neptune Insurance

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.40, for a total transaction of $121,158,866.40. Following the sale, the insider directly owned 14,941,121 shares of the company’s stock, valued at approximately $394,445,594.40. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Vii L.P. Ftv sold 5,252,044 shares of the company’s stock in a transaction that occurred on 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 sale, the insider owned 17,098,587 shares in the company, valued at $451,402,696.80. This represents a 23.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,817,604 shares of company stock valued at $415,054,746 over the last ninety days. Company insiders own 74.26% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NP. Comerica Bank acquired a new stake in shares of Neptune Insurance in the fourth quarter valued at approximately $1,507,000. Vanguard Group Inc. bought a new stake in shares of Neptune Insurance during the 4th quarter worth $47,063,000. Bregal Sagemount IV General Partner Jersey Ltd acquired a new stake in Neptune Insurance in the fourth quarter valued at about $569,509,000. Capital World Investors bought a new position in Neptune Insurance in the fourth quarter valued at about $32,091,000. Finally, Azora Capital LP acquired a new position in Neptune Insurance during the 4th quarter worth approximately $21,695,000.

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.