Neptune Insurance Holdings Inc. (NP) - What Are Analysts Saying About This Stock?

Key Points

• Analyst sentiment is moderately bullish: Eight of 15 analysts rate Neptune Insurance a buy and seven recommend holding the stock. The average 12-month price target is $31.75, above the reported share price of $28.64.
• Recent recommendations have been mixed, with Morgan Stanley upgrading the stock and raising its target to $36, while BMO Capital Markets downgraded it to market perform with a $32 target.
• Insiders have been selling shares: Insiders sold about 3.82 million shares worth $125.6 million over the past 90 days, though insiders still own 74.26% of the company. Neptune’s latest quarterly results modestly beat expectations, with EPS of $0.15 and revenue of $55.87 million.

Shares of Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) have earned an average recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.75.

A number of research firms have recently issued reports on NP. Morgan Stanley upgraded Neptune Insurance from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $31.00 to $36.00 in a research report on Wednesday, August 19th. Weiss Ratings cut Neptune Insurance from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday. BMO Capital Markets downgraded shares of Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 price target on the stock. in a research note on Thursday, July 30th. Evercore reiterated an "outperform" rating and set a $36.00 price target on shares of Neptune Insurance in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Neptune Insurance from $26.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 13th.

Insider Activity at Neptune Insurance

In related news, major shareholder Vii L.P. Ftv sold 1,867,840 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $33.22, for a total value of $62,049,644.80. Following the sale, the insider owned 14,442,941 shares of the company's stock, valued at $479,794,500.02. The trade was a 11.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Matthew Duffy sold 84,441 shares of the stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $28.10, for a total transaction of $2,372,792.10. Following the completion of the transaction, the insider directly owned 1,879,798 shares of the company's stock, valued at $52,822,323.80. This trade represents a 4.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 3,815,570 shares of company stock worth $125,567,525 in the last ninety days. Company insiders own 74.26% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bregal Sagemount IV General Partner Jersey Ltd acquired a new stake in Neptune Insurance in the 4th quarter valued at $569,509,000. Azora Capital LP acquired a new position in Neptune Insurance during the fourth quarter worth $21,695,000. Maltese Capital Management LLC raised its stake in Neptune Insurance by 37.5% during the fourth quarter. Maltese Capital Management LLC now owns 137,500 shares of the company's stock worth $4,009,000 after acquiring an additional 37,500 shares in the last quarter. Renaissance Technologies LLC raised its stake in Neptune Insurance by 874.4% during the first quarter. Renaissance Technologies LLC now owns 160,703 shares of the company's stock worth $3,887,000 after acquiring an additional 144,210 shares in the last quarter. Finally, Walleye Capital LLC lifted its holdings in shares of Neptune Insurance by 17.3% during the first quarter. Walleye Capital LLC now owns 135,364 shares of the company's stock valued at $3,274,000 after acquiring an additional 20,000 shares during the period.

Neptune Insurance Stock Down 0.4%

NP stock opened at $28.64 on Monday. Neptune Insurance has a twelve month low of $14.78 and a twelve month high of $35.15. The company has a market cap of $3.93 billion and a PE ratio of 114.55. The business's 50-day simple moving average is $30.87 and its 200 day simple moving average is $29.09.

Neptune Insurance (NYSE:NP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%. The firm had revenue of $55.87 million during the quarter, compared to analysts' expectations of $52.38 million. On average, equities research analysts anticipate that Neptune Insurance will post 0.40 EPS for the current year.

Neptune Insurance Company Profile

Neptune Insurance is a technology-enabled insurance company focused on providing flood insurance coverage for residential and commercial property owners. Its offerings are designed to complement or supplement coverage available through the National Flood Insurance Program and traditional homeowners' insurance policies, which generally provide limited protection against flood damage.

The company distributes its policies through insurance agents and brokers, using a digital platform intended to streamline quoting, underwriting, policy management and claims handling.

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