Neptune Insurance Holdings Inc. (NYSE:NP) Receives Consensus Rating of “Hold” from Brokerages

Neptune Insurance Holdings Inc. (NYSE:NP) has received a consensus recommendation of “Hold” from the fourteen analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.9615.

Several equities research analysts have recently issued reports on the company. National Bankshares set a $23.00 price objective on Neptune Insurance in a research note on Monday, October 27th. BMO Capital Markets began coverage on Neptune Insurance in a report on Monday, October 27th. They set a “market perform” rating and a $25.00 price target on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They set a “buy” rating and a $29.00 price objective for the company. Raymond James Financial started coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Morgan Stanley raised their target price on shares of Neptune Insurance from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th.

Insiders Place Their Bets

In other Neptune Insurance news, Director Jonathan Winant Carlon acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the acquisition, the director directly owned 653,500 shares in the company, valued at $13,070,000. The trade was a 0.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Vii L.P. Ftv sold 678,019 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $18.75, for a total value of $12,712,856.25. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have purchased 174,050 shares of company stock valued at $3,481,000 over the last quarter. Corporate insiders own 0.63% of the company’s stock.

Institutional Investors Weigh In On Neptune Insurance

Institutional investors and hedge funds have recently bought and sold shares of the company. Maltese Capital Management LLC purchased a new position in shares of Neptune Insurance during the third quarter valued at $3,200,000. Emerald Mutual Fund Advisers Trust bought a new position in Neptune Insurance during the 3rd quarter worth about $792,000. Finally, FNY Investment Advisers LLC purchased a new position in Neptune Insurance during the 3rd quarter valued at about $171,000. 93.37% of the stock is owned by institutional investors.

Neptune Insurance Stock Performance

Neptune Insurance stock opened at $27.59 on Tuesday. The company’s 50-day moving average price is $25.39 and its 200-day moving average price is $29.63. The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 1.55. The company has a market cap of $3.81 billion, a PE ratio of -16.82 and a beta of 1.46. Neptune Insurance has a twelve month low of $22.00 and a twelve month high of $33.23.

Neptune Insurance (NYSE:NP) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.11 EPS 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%. The business had revenue of $44.37 million during the quarter, compared to the consensus estimate of $42.58 million.

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.