Neptune Insurance (NP) Projected to Post Earnings on Wednesday

Neptune Insurance (NYSE:NP) is projected to release its results after the market closes on Wednesday, April 22nd. Analysts expect Neptune Insurance to post earnings of $0.09 per share and revenue of $36.9630 million for the quarter.

Neptune Insurance (NYSE:NP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $43.77 million for the quarter, compared to the consensus estimate of $39.42 million.

Neptune Insurance Price Performance

NP opened at $27.59 on Monday. The company has a market cap of $3.81 billion and a price-to-earnings ratio of 125.39. The firm has a 50 day simple moving average of $22.37 and a 200 day simple moving average of $24.91. Neptune Insurance has a fifty-two week low of $14.78 and a fifty-two week high of $33.23.

Insider Activity at Neptune Insurance

In related news, CEO Trevor R. Burgess purchased 50,000 shares of Neptune Insurance stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $18.71 per share, for a total transaction of $935,500.00. Following the completion of the acquisition, the chief executive officer directly owned 2,082,964 shares of the company’s stock, valued at $38,972,256.44. This represents a 2.46% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Warren Vostrizansky purchased 23,000 shares of Neptune Insurance stock in a transaction dated Friday, February 20th. The stock was bought at an average price of $21.50 per share, with a total value of $494,500.00. Following the acquisition, the director directly owned 23,000 shares of the company’s stock, valued at approximately $494,500. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NP. PNC Financial Services Group Inc. acquired a new position in Neptune Insurance during the fourth quarter worth $125,000. Geode Capital Management LLC bought a new stake in Neptune Insurance during the fourth quarter worth $5,770,000. Norges Bank bought a new stake in Neptune Insurance during the fourth quarter worth $2,479,000. Goldman Sachs Group Inc. bought a new stake in Neptune Insurance during the fourth quarter worth $6,407,000. Finally, TD Asset Management Inc bought a new stake in Neptune Insurance during the fourth quarter worth $3,221,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on NP. Bank of America boosted their price target 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. BMO Capital Markets upgraded shares of Neptune Insurance from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from $25.00 to $20.00 in a report on Friday, February 13th. Mizuho boosted their price objective 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. Piper Sandler decreased their price objective on shares of Neptune Insurance from $33.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Evercore set a $30.00 price target on shares of Neptune Insurance in a report on Thursday, February 19th. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.12.

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.