Neptune Insurance (NYSE:NP) Price Target Raised to $22.50 at Bank of America

Neptune Insurance (NYSE:NP) had its price objective increased by equities research analysts at Bank of America from $21.00 to $22.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Bank of America‘s target price suggests a potential downside of 10.04% from the company’s current price.

Other analysts have also recently issued research reports about the stock. National Bankshares set a $23.00 price target on shares of Neptune Insurance in a research note on Monday, October 27th. Keefe, Bruyette & Woods started coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They set a “market perform” rating and a $26.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Neptune Insurance in a research report on Monday, October 27th. They issued a “neutral” rating and a $25.00 price target on the stock. Raymond James Financial initiated coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $30.00 price objective for the company. Finally, Piper Sandler started coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They issued an “overweight” rating and a $33.00 price objective for the company. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $27.65.

Neptune Insurance Trading Down 2.4%

NYSE:NP opened at $25.01 on Thursday. The company has a market capitalization of $3.45 billion, a PE ratio of -15.25 and a beta of 1.46. Neptune Insurance has a 52-week low of $22.30 and a 52-week high of $33.23. The stock’s 50 day moving average price is $28.67 and its 200 day moving average price is $30.83. The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 1.55.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Neptune Insurance had a negative net margin of 2.53% and a positive return on equity of 11.06%. Neptune Insurance has set its FY 2026 guidance at EPS.

Insider Transactions at Neptune Insurance

In related news, major shareholder Vii L.P. Ftv sold 678,019 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $18.75, for a total transaction of $12,712,856.25. Following the transaction, the insider directly owned 22,350,631 shares in the company, valued at $419,074,331.25. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Hold 101 Lp Bsiv sold 820,123 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $18.75, for a total transaction of $15,377,306.25. Following the completion of the transaction, the insider owned 19,530,472 shares in the company, valued at approximately $366,196,350. The trade was a 4.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Neptune Insurance

An institutional investor recently bought a new position in Neptune Insurance stock. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Neptune Insurance Holdings Inc. (NYSE:NP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,761 shares of the company’s stock, valued at approximately $792,000. 93.37% of the stock is owned by institutional investors.

Neptune Insurance Company 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.