Neptune Insurance (NYSE:NP) CFO Sells 57,012 Shares of Stock

Neptune Insurance Holdings Inc. (NYSE:NP) CFO James Steiner sold 57,012 shares of Neptune Insurance stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 3,749,050 shares in the company, valued at approximately $118,882,375.50. This represents a 1.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

James Steiner also recently made the following trade(s):

• On Wednesday, August 12th, James Steiner sold 42,988 shares of Neptune Insurance stock. The stock was sold at an average price of $31.08, for a total transaction of $1,336,067.04.

Neptune Insurance Price Performance

NYSE:NP traded down $0.25 during mid-day trading on Friday, hitting $31.82. 337,369 shares of the company’s stock were exchanged, compared to its average volume of 619,639. Neptune Insurance Holdings Inc. has a one year low of $14.78 and a one year high of $35.15. The business has a fifty day moving average price of $30.52 and a 200 day moving average price of $26.53. The company has a market cap of $4.37 billion and a PE ratio of 127.30.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $55.87 million for the quarter, compared to the consensus estimate of $52.38 million. Neptune Insurance had a net margin of 21.45% and a negative return on equity of 18.77%. On average, equities analysts forecast that Neptune Insurance Holdings Inc. will post 0.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Neptune Insurance

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN acquired a new stake in Neptune Insurance in the 4th quarter valued at about $28,000. PNC Financial Services Group Inc. acquired a new stake in Neptune Insurance in the 4th quarter valued at $125,000. Symmetry Investments LP acquired a new stake in shares of Neptune Insurance during the fourth quarter valued at about $204,000. FJ Capital Management LLC acquired a new stake in Neptune Insurance in the fourth quarter valued at $289,000. Finally, BIT Capital GmbH bought a new position in Neptune Insurance during the 4th quarter worth approximately $292,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on NP. Weiss Ratings raised Neptune Insurance from a “sell (d)” rating to a “hold (c)” rating in a research note on Friday, July 31st. Wells Fargo & Company increased their price target on shares of Neptune Insurance from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and set a $36.00 target price on shares of Neptune Insurance in a report on Wednesday, July 22nd. Piper Sandler boosted their price target on shares of Neptune Insurance from $30.00 to $39.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $31.46.

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.