What is DOWLING & PARTN's Forecast for NP FY2027 Earnings?

Key Points

• DOWLING & PARTN raised its FY2027 EPS forecast for Neptune Insurance to $0.56 from $0.46, above the current consensus estimate of $0.41.
• Neptune’s latest quarterly results exceeded expectations, with EPS of $0.17 versus $0.16 expected and revenue of $59.57 million versus $56.59 million projected.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus, an average price target of $32.29, and seven Buy ratings versus six Holds.

Neptune Insurance Holdings Inc. (NYSE:NP - Free Report) - Analysts at DOWLING & PARTN increased their FY2027 earnings per share (EPS) estimates for Neptune Insurance in a research note issued on Tuesday, October 27th. DOWLING & PARTN analyst A. Mottolese now forecasts that the company will earn $0.56 per share for the year, up from their previous forecast of $0.46. The consensus estimate for Neptune Insurance's current full-year earnings is $0.41 per share.

Neptune Insurance (NYSE:NP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $59.57 million for the quarter, compared to the consensus estimate of $56.59 million. Neptune Insurance had a negative return on equity of 26.63% and a net margin of 22.71%.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Neptune Insurance from $26.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Neptune Insurance in a research note on Wednesday, September 23rd. Morgan Stanley lowered their price target on shares of Neptune Insurance from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Thursday, October 22nd. Evercore restated an "outperform" rating and set a $36.00 price target on shares of Neptune Insurance in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Neptune Insurance from $32.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, October 21st. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.29.

Neptune Insurance Stock Performance

Shares of NP opened at $28.89 on Friday. Neptune Insurance has a fifty-two week low of $14.78 and a fifty-two week high of $35.15. The business has a 50-day moving average of $30.05 and a 200 day moving average of $27.47. The firm has a market cap of $3.96 billion and a P/E ratio of 71.90.

Insider Activity

In related news, Director Jonathan Carlon sold 50,000 shares of Neptune Insurance stock in a transaction on Monday, September 14th. The stock was sold at an average price of $31.15, for a total transaction of $1,557,500.00. Following the completion of the sale, the director owned 603,500 shares of the company's stock, valued at approximately $18,799,025. This trade represents a 7.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Steiner sold 57,012 shares of Neptune Insurance stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $31.71, for a total value of $1,807,850.52. Following the sale, the chief financial officer owned 3,749,050 shares of the company's stock, valued at approximately $118,882,375.50. This trade represents a 1.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 315,570 shares of company stock worth $9,297,525. 74.26% of the stock is owned by company insiders.

Hedge Funds Weigh In On Neptune Insurance

A number of large investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in Neptune Insurance by 874.4% in 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 during the period. Walleye Capital LLC raised its holdings in Neptune Insurance by 17.3% in the 1st quarter. Walleye Capital LLC now owns 135,364 shares of the company's stock worth $3,274,000 after purchasing an additional 20,000 shares in the last quarter. Fifth Third Bancorp bought a new position in Neptune Insurance in the 1st quarter worth $1,531,000. Sei Investments Co. lifted its position in shares of Neptune Insurance by 203.3% in the 1st quarter. Sei Investments Co. now owns 59,114 shares of the company's stock worth $1,430,000 after purchasing an additional 39,626 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Neptune Insurance during the 2nd quarter valued at about $1,418,000.

About Neptune Insurance

Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.

The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder's location and eligibility.

Neptune's business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.

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