Neptune Insurance (NP) to Release Earnings on Tuesday

Neptune Insurance (NYSE:NP) is expected to be announcing its results after the market closes on Tuesday, July 21st. Analysts expect the company to post earnings of $0.14 per share and revenue of $52.3870 million for the quarter.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. On average, analysts expect Neptune Insurance to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Neptune Insurance Trading Down 0.5%

Shares of NYSE:NP opened at $31.07 on Friday. The firm has a market capitalization of $4.30 billion and a PE ratio of 115.07. Neptune Insurance has a 1-year low of $14.78 and a 1-year high of $34.61. The business’s 50 day moving average is $28.94 and its 200-day moving average is $25.95.

Insider Buying and Selling at Neptune Insurance

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of Neptune Insurance stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.40, for a total transaction of $18,173,839.20. Following the completion of the transaction, the insider directly owned 14,252,718 shares of the company’s stock, valued at approximately $376,271,755.20. This trade represents a 4.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Vii L.P. Ftv sold 787,806 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $20,798,078.40. Following the completion of the sale, the insider owned 16,310,781 shares in the company, valued at $430,604,618.40. This represents a 4.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,317,604 shares of company stock worth $298,784,746. 74.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Neptune Insurance

A number of hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN acquired a new position in Neptune Insurance in the fourth quarter valued at about $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Neptune Insurance during the fourth quarter worth approximately $125,000. Symmetry Investments LP bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $204,000. Cohen & Steers Inc. bought a new position in shares of Neptune Insurance in the fourth quarter valued at approximately $292,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of Neptune Insurance in the 4th quarter worth approximately $294,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NP shares. JPMorgan Chase & Co. lifted their price target on shares of Neptune Insurance from $26.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Mizuho increased their price objective 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. Evercore reaffirmed an “outperform” rating on shares of Neptune Insurance in a report on Friday, May 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $34.00 target price (up from $32.00) on shares of Neptune Insurance in a research report on Wednesday, July 8th. Finally, Bank of America upped their target price 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. Eight analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Neptune Insurance presently has a consensus rating of “Hold” and an average target price of $29.82.

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.