Universal Beteiligungs und Servicegesellschaft mbH Makes New $2.07 Million Investment in Neptune Insurance Holdings Inc. $NP

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased a new position of 70,907 shares in Neptune Insurance, worth approximately $2.07 million, representing about 0.05% ownership.
• Company insiders increased their stakes: Director Michael Warren Vostrizansky bought 23,000 shares at $21.50 (~$494,500) and CEO Trevor R. Burgess bought 50,000 shares at $18.71 (~$935,500), with insiders now owning roughly 0.63% of the company.
• Neptune reported $0.09 EPS and $37.8 million in revenue for the quarter (revenue up 28.8% year-over-year); the stock has a ~$3.44 billion market cap, a P/E of 92.11, and a consensus analyst target of about $27.42 (average rating: "Moderate Buy").

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Neptune Insurance Holdings Inc. (NYSE:NP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 70,907 shares of the company's stock, valued at approximately $2,068,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Neptune Insurance as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Maltese Capital Management LLC purchased a new stake in Neptune Insurance during the third quarter worth approximately $3,200,000. Massachusetts Financial Services Co. MA purchased a new stake in Neptune Insurance during the fourth quarter worth approximately $759,000. Emerald Mutual Fund Advisers Trust purchased a new stake in Neptune Insurance during the third quarter worth approximately $792,000. Finally, FNY Investment Advisers LLC purchased a new stake in Neptune Insurance during the third quarter worth approximately $171,000.

Insiders Place Their Bets

In other news, Director Michael Warren Vostrizansky bought 23,000 shares of Neptune Insurance stock in a transaction dated Friday, February 20th. The shares were acquired at an average cost 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 in the company, valued at approximately $494,500. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Trevor R. Burgess acquired 50,000 shares of Neptune Insurance stock in a transaction on Friday, March 13th. The shares were bought at an average price of $18.71 per share, for a total transaction of $935,500.00. Following the completion of the purchase, the chief executive officer directly owned 2,082,964 shares in the company, valued at $38,972,256.44. The trade was a 2.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.63% of the company's stock.

Neptune Insurance Trading Down 1.0%

NYSE NP opened at $24.87 on Friday. The company's fifty day simple moving average is $23.62 and its 200-day simple moving average is $24.87. Neptune Insurance Holdings Inc. has a 52 week low of $14.78 and a 52 week high of $33.23. The stock has a market cap of $3.44 billion and a P/E ratio of 92.11.

Neptune Insurance (NYSE:NP - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The firm had revenue of $37.80 million for the quarter, compared to analyst estimates of $36.96 million. Neptune Insurance's quarterly revenue was up 28.8% compared to the same quarter last year. On average, research analysts expect that Neptune Insurance Holdings Inc. will post 0.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Raymond James Financial reiterated an "outperform" rating on shares of Neptune Insurance in a research note on Monday. Evercore set a $30.00 price objective on shares of Neptune Insurance in a research note on Thursday, February 19th. The Goldman Sachs Group reiterated a "buy" rating and set a $32.50 price objective on shares of Neptune Insurance in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Neptune Insurance from $28.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Finally, Bank of America boosted their price objective on shares of Neptune Insurance from $23.00 to $26.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 14th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Neptune Insurance has an average rating of "Moderate Buy" and a consensus target price of $27.42.

About Neptune Insurance

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.