Neptune Insurance (NYSE:NP) Upgraded by Keefe, Bruyette & Woods to Outperform Rating

Neptune Insurance (NYSE:NP) was upgraded by Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Thursday,Finviz reports. The firm presently has a $25.00 price target on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 33.12% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. BMO Capital Markets raised Neptune Insurance from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $25.00 to $20.00 in a research note on Friday, February 13th. Piper Sandler initiated coverage on Neptune Insurance in a research note on Monday, October 27th. They set an “overweight” rating and a $33.00 target price for the company. Weiss Ratings began coverage on Neptune Insurance in a report on Wednesday, December 24th. They set a “sell (d)” rating on the stock. Evercore started coverage on shares of Neptune Insurance in a report on Monday, October 27th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Mizuho raised their price objective on shares of Neptune Insurance from $23.00 to $26.00 and gave the company an “underperform” rating in a research report on Thursday, November 13th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.31.

Neptune Insurance Trading Down 3.1%

Shares of NYSE:NP opened at $18.78 on Thursday. The company has a 50 day moving average of $26.01 and a 200-day moving average of $27.65. The firm has a market cap of $2.59 billion and a P/E ratio of 170.73. Neptune Insurance has a twelve month low of $14.78 and a twelve month high of $33.23.

Institutional Trading of Neptune Insurance

A number of hedge funds have recently modified their holdings of the business. Bregal Sagemount IV General Partner Jersey Ltd bought a new stake in shares of Neptune Insurance in the 4th quarter valued at approximately $569,509,000. Vanguard Group Inc. acquired a new stake in Neptune Insurance in the fourth quarter valued at approximately $47,063,000. Capital World Investors bought a new stake in Neptune Insurance in the fourth quarter worth approximately $32,091,000. Balyasny Asset Management L.P. acquired a new position in shares of Neptune Insurance during the 4th quarter worth $29,051,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Neptune Insurance during the 4th quarter valued at $27,695,000.

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.