Neptune Insurance Holdings Inc. $NP Stock Holdings Lifted by Sei Investments Co.

Key Points

• Sei Investments increased its Neptune Insurance position by 203.3% in the first quarter, holding 59,114 shares valued at approximately $1.43 million. Several other institutional investors also initiated positions.
• Analysts remain cautious: Neptune has a consensus “Hold” rating from 15 analysts, with an average price target of $31.46. Recent targets range from $31 to $37.
• Neptune beat quarterly expectations, reporting $0.15 in EPS and $55.87 million in revenue, but major shareholders sold a combined 3.5 million shares for roughly $116.3 million on July 29; insiders sold $415.1 million of stock over the past three months.

Sei Investments Co. increased its holdings in Neptune Insurance Holdings Inc. (NYSE:NP - Free Report) by 203.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,114 shares of the company's stock after buying an additional 39,626 shares during the period. Sei Investments Co.'s holdings in Neptune Insurance were worth $1,430,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN bought a new position in Neptune Insurance in the fourth quarter worth about $28,000. PNC Financial Services Group Inc. acquired a new stake in shares of Neptune Insurance during the 4th quarter worth approximately $125,000. Symmetry Investments LP acquired a new stake in shares of Neptune Insurance during the 4th quarter worth approximately $204,000. FJ Capital Management LLC bought a new stake in shares of Neptune Insurance in the 4th quarter worth approximately $289,000. Finally, BIT Capital GmbH bought a new stake in shares of Neptune Insurance in the 4th quarter worth approximately $292,000.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Mizuho upped their price objective on Neptune Insurance from $29.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, July 9th. Morgan Stanley set a $31.00 target price on Neptune Insurance in a research note on Thursday, July 23rd. Wells Fargo & Company boosted their price target on shares of Neptune Insurance from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. BMO Capital Markets lowered shares of Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 price target for the company. in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Neptune Insurance from a "sell (d)" rating to a "hold (c)" rating in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Neptune Insurance currently has a consensus rating of "Hold" and a consensus target price of $31.46.

Neptune Insurance Stock Performance

Shares of NYSE:NP opened at $31.24 on Tuesday. The stock has a market capitalization of $4.29 billion and a price-to-earnings ratio of 124.96. Neptune Insurance Holdings Inc. has a 1-year low of $14.78 and a 1-year high of $35.15. The company has a 50 day moving average price of $30.11 and a 200 day moving average price of $26.39.

Neptune Insurance (NYSE:NP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $52.38 million. On average, sell-side analysts expect that Neptune Insurance Holdings Inc. will post 0.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total transaction of $54,220,355.20. Following the completion of the sale, the insider directly owned 12,620,558 shares in the company, valued at approximately $419,254,936.76. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Vii L.P. Ftv sold 1,867,840 shares of Neptune Insurance stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $33.22, for a total transaction of $62,049,644.80. Following the completion of the sale, the insider owned 14,442,941 shares of the company's stock, valued at $479,794,500.02. This trade represents a 11.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 14,817,604 shares of company stock valued at $415,054,746 over the last three months. 74.26% of the stock is owned by insiders.

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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