Comerica Bank Takes $1.51 Million Position in Neptune Insurance Holdings Inc. $NP

Key Points

• Comerica Bank bought a new Q4 stake of 51,673 shares in Neptune Insurance (NYSE:NP) valued at about $1.51 million, and several other institutions (e.g., Maltese Capital, Universal Beteiligungs) also established multi‑hundred‑thousand to multi‑million dollar positions.
• Company insiders have been buying: Director Michael Warren Vostrizansky acquired 23,000 shares at $21.50 and CEO Trevor R. Burgess bought 50,000 shares at $18.71 (now directly holding ~2,082,964 shares), with insiders owning 74.26% of the company.
• Shares jumped 21.2% to open at $30.28 (market cap ≈ $4.18B); Neptune reported Q1 EPS of $0.09 (in line) and revenue of $37.8M (+28.8% YoY), and analysts hold a consensus "Moderate Buy" with a $27.42 target.

Comerica Bank purchased a new stake in Neptune Insurance Holdings Inc. (NYSE:NP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 51,673 shares of the company's stock, valued at approximately $1,507,000.

Other large investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC bought a new stake in Neptune Insurance in the third quarter valued at $171,000. Massachusetts Financial Services Co. MA bought a new stake in Neptune Insurance in the fourth quarter valued at $759,000. Emerald Mutual Fund Advisers Trust bought a new stake in Neptune Insurance in the third quarter valued at $792,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Neptune Insurance in the fourth quarter valued at $2,068,000. Finally, Maltese Capital Management LLC bought a new stake in Neptune Insurance in the third quarter valued at $3,200,000.

Insider Buying and Selling at Neptune Insurance

In other news, Director Michael Warren Vostrizansky acquired 23,000 shares of the stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $21.50 per share, with a total value of $494,500.00. Following the completion of the transaction, the director owned 23,000 shares of the company's stock, valued at $494,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Trevor R. Burgess acquired 50,000 shares of the stock in a transaction on Friday, March 13th. The shares were purchased at an average cost of $18.71 per share, with a total value of $935,500.00. Following the transaction, 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. The SEC filing for this purchase provides additional information. Company insiders own 74.26% of the company's stock.

Neptune Insurance Trading Up 21.2%

Shares of Neptune Insurance stock opened at $30.28 on Friday. The firm has a market capitalization of $4.18 billion and a P/E ratio of 112.15. The business has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $24.85. Neptune Insurance Holdings Inc. has a 12 month low of $14.78 and a 12 month high of $33.23.

Neptune Insurance (NYSE:NP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $37.80 million for the quarter, compared to analysts' expectations of $36.96 million. Neptune Insurance's quarterly revenue was up 28.8% compared to the same quarter last year. Analysts predict that Neptune Insurance Holdings Inc. will post 0.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NP has been the topic of several recent analyst reports. Piper Sandler cut their price target on shares of Neptune Insurance from $33.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, February 19th. Raymond James Financial reiterated an "outperform" rating on shares of Neptune Insurance in a report on Monday, April 27th. Bank of America lifted their price target on shares of Neptune Insurance from $23.00 to $26.00 and gave the company a "neutral" rating in a report on Tuesday, April 14th. Mizuho lifted their price target on shares of Neptune Insurance from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Monday, April 13th. Finally, BMO Capital Markets upgraded shares of Neptune Insurance from a "market perform" rating to an "outperform" rating and cut their price target for the company from $25.00 to $20.00 in a report on Friday, February 13th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.42.

Neptune Insurance 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.

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