Neptune Insurance Holdings Inc. (NYSE:NP) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Neptune Insurance, with eight buy ratings and seven holds. The average 12-month price target is $31.82, below the stock’s cited opening price of $33.32.
• Neptune exceeded quarterly expectations, reporting $0.15 in EPS versus a $0.14 consensus estimate and revenue of $55.87 million versus $52.38 million expected. Analysts project full-year EPS of approximately $0.40.
• Insiders have sold 3.6 million shares worth about $119.4 million over the past 90 days, including significant sales by the CFO and a major shareholder, although insiders still own 74.26% of the company.

Shares of Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $31.8214.

Several equities analysts have issued reports on the stock. Raymond James Financial restated an "outperform" rating on shares of Neptune Insurance in a research note on Monday, April 27th. Morgan Stanley raised shares of 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 report on Wednesday. Wells Fargo & Company increased their price objective on shares of Neptune Insurance from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Neptune Insurance from a "sell (d)" rating to a "hold (c)" rating in a research report on Friday, July 31st. Finally, Evercore restated an "outperform" rating and issued a $36.00 target price on shares of Neptune Insurance in a report on Wednesday, July 22nd.

Neptune Insurance Price Performance

Shares of NYSE:NP opened at $33.32 on Friday. The company has a market cap of $4.57 billion and a P/E ratio of 133.28. Neptune Insurance has a 1 year low of $14.78 and a 1 year high of $35.15. The stock's fifty day moving average price is $31.24 and its 200-day moving average price is $26.80.

Neptune Insurance (NYSE:NP - Get Free Report) last released its quarterly earnings data 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 company had revenue of $55.87 million for the quarter, compared to analysts' expectations of $52.38 million. On average, sell-side analysts anticipate that Neptune Insurance will post 0.4 earnings per share for the current year.

Insider Activity

In other news, CFO James Steiner sold 57,012 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $31.71, for a total value of $1,807,850.52. Following the transaction, the chief financial officer directly owned 3,749,050 shares in the company, valued at $118,882,375.50. This trade represents a 1.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total value of $54,220,355.20. Following the completion of the transaction, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,600,000 shares of company stock valued at $119,413,918 in the last ninety days. 74.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Neptune Insurance

A number of large investors have recently made changes to their positions in the company. Comerica Bank purchased a new position in shares of Neptune Insurance in the fourth quarter worth approximately $1,507,000. Sei Investments Co. increased its holdings in Neptune Insurance by 203.3% during the first quarter. Sei Investments Co. now owns 59,114 shares of the company's stock valued at $1,430,000 after buying an additional 39,626 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Neptune Insurance by 874.4% during the first quarter. Renaissance Technologies LLC now owns 160,703 shares of the company's stock valued at $3,887,000 after buying an additional 144,210 shares during the last quarter. Vanguard Group Inc. bought a new position in Neptune Insurance in the fourth quarter worth approximately $47,063,000. Finally, Azora Capital LP purchased a new position in shares of Neptune Insurance during the 4th quarter worth $21,695,000.

Neptune Insurance Company 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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