Neptune Insurance (NYSE:NP) CFO Acquires $2,381,000.00 in Stock

Neptune Insurance Holdings Inc. (NYSE:NP) CFO James Steiner bought 119,050 shares of the stock in a transaction on Thursday, October 2nd. The stock was purchased at an average price of $20.00 per share, for a total transaction of $2,381,000.00. Following the purchase, the chief financial officer directly owned 4,384,715 shares of the company’s stock, valued at approximately $87,694,300. This represents a 2.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Neptune Insurance Stock Down 1.1%

Shares of Neptune Insurance stock opened at $24.60 on Monday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of -15.00 and a beta of 1.46. The stock has a 50-day simple moving average of $28.37 and a 200-day simple moving average of $30.72. Neptune Insurance Holdings Inc. has a 52-week low of $22.30 and a 52-week high of $33.23. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.01 and a quick ratio of 1.22.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $44.37 million during the quarter, compared to analyst estimates of $42.58 million. Neptune Insurance had a positive return on equity of 11.06% and a negative net margin of 2.53%. Neptune Insurance has set its FY 2026 guidance at EPS.

Institutional Trading of Neptune Insurance

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on NP shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They issued a “buy” rating and a $29.00 price objective for the company. BMO Capital Markets initiated coverage on Neptune Insurance in a research note on Monday, October 27th. They set a “market perform” rating and a $25.00 price target for the company. Wall Street Zen raised Neptune Insurance to a “hold” rating in a research note on Saturday, October 11th. Evercore ISI began coverage on Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $35.00 target price for the company. Finally, TD Cowen began coverage on Neptune Insurance in a report on Monday, October 27th. They set a “buy” rating and a $32.00 price target on the stock. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.88.

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.