Neptune Insurance Holdings Inc. (NYSE:NP) Receives Average Recommendation of “Moderate Buy” from Analysts

Neptune Insurance Holdings Inc. (NYSE:NP) has received an average rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $27.1154.

A number of equities research analysts have weighed in on NP shares. Keefe, Bruyette & Woods lifted their price target on shares of Neptune Insurance from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Tuesday, April 7th. Evercore set a $30.00 price target on shares of Neptune Insurance in a research report on Thursday, February 19th. BMO Capital Markets upgraded shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $25.00 to $20.00 in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Neptune Insurance from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Finally, Morgan Stanley dropped their price target on shares of Neptune Insurance from $27.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 4th.

Insider Transactions at Neptune Insurance

In other Neptune Insurance news, Director Michael Warren Vostrizansky acquired 23,000 shares of the stock in a transaction dated Friday, February 20th. The stock was acquired at an average price of $21.50 per share, with a total value of $494,500.00. Following the completion of the purchase, the director owned 23,000 shares in the company, valued at $494,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Trevor R. Burgess acquired 50,000 shares of the stock in a transaction dated Friday, March 13th. The stock was acquired at an average cost of $18.71 per share, with a total value of $935,500.00. Following the purchase, the chief executive officer owned 2,082,964 shares of the company’s stock, valued at approximately $38,972,256.44. This trade represents a 2.46% increase in their position. The SEC filing for this purchase provides additional information. 0.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN purchased a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $125,000. FNY Investment Advisers LLC purchased a new position in shares of Neptune Insurance in the third quarter valued at approximately $171,000. Symmetry Investments LP purchased a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $204,000. Finally, FJ Capital Management LLC purchased a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $289,000.

Neptune Insurance Trading Down 0.3%

Neptune Insurance stock opened at $27.59 on Monday. Neptune Insurance has a 12-month low of $14.78 and a 12-month high of $33.23. The stock has a market cap of $3.81 billion and a P/E ratio of 125.39. The company has a 50-day moving average price of $22.37 and a 200 day moving average price of $24.91.

Neptune Insurance (NYSE:NP) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $43.77 million for the quarter, compared to analyst estimates of $39.42 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. 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.