Neptune Insurance Holdings Inc. (NYSE:NP) Given Average Rating of “Moderate Buy” by Analysts

Shares of Neptune Insurance Holdings Inc. (NYSE:NP) have been given an average recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $27.4231.

A number of equities research analysts have commented on NP shares. Raymond James Financial set a $24.00 price target on shares of Neptune Insurance in a report on Monday, February 23rd. BMO Capital Markets upgraded shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $25.00 to $20.00 in a report on Friday, February 13th. Bank of America raised their price target on shares of Neptune Insurance from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. The Goldman Sachs Group restated a “buy” rating and issued a $32.50 price target on shares of Neptune Insurance in a report on Wednesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday.

Neptune Insurance Stock Down 0.3%

Shares of NYSE NP opened at $26.73 on Monday. Neptune Insurance has a twelve month low of $14.78 and a twelve month high of $33.23. The firm has a fifty day simple moving average of $23.09 and a 200 day simple moving average of $24.86. The company has a market capitalization of $3.69 billion and a PE ratio of 121.49.

Neptune Insurance (NYSE:NP) last announced its earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. Neptune Insurance’s revenue was up 28.8% compared to the same quarter last year. As a group, equities analysts expect that Neptune Insurance will post 0.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Warren Vostrizansky purchased 23,000 shares of Neptune Insurance stock in a transaction on Friday, February 20th. The stock was acquired at an average cost of $21.50 per share, for a total transaction of $494,500.00. Following the completion of the acquisition, the director owned 23,000 shares of the company’s stock, valued at $494,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Trevor R. Burgess purchased 50,000 shares of Neptune Insurance stock in a transaction on Friday, March 13th. The stock was bought at an average price of $18.71 per share, with a total value of $935,500.00. Following the completion of the acquisition, the chief executive officer directly 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. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NP. Bregal Sagemount IV General Partner Jersey Ltd acquired a new position in shares of Neptune Insurance during the fourth quarter valued at about $569,509,000. T. Rowe Price Investment Management Inc. acquired a new position in shares of Neptune Insurance during the fourth quarter valued at about $133,488,000. Vanguard Group Inc. acquired a new position in shares of Neptune Insurance during the fourth quarter valued at about $47,063,000. Capital World Investors acquired a new position in shares of Neptune Insurance during the fourth quarter valued at about $32,091,000. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Neptune Insurance during the fourth quarter valued at about $29,051,000.

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. 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.