Neptune Insurance (NYSE:NP) Director Michael Warren Vostrizansky Acquires 23,000 Shares

Neptune Insurance Holdings Inc. (NYSE:NP) Director Michael Warren Vostrizansky bought 23,000 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was acquired at an average price of $21.50 per share, for a total transaction of $494,500.00. Following the completion of the purchase, the director directly owned 23,000 shares in the company, valued at approximately $494,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Neptune Insurance Trading Down 0.8%

Shares of NYSE NP opened at $20.42 on Wednesday. The business has a 50-day moving average of $25.45 and a 200-day moving average of $27.30. The firm has a market capitalization of $2.82 billion and a price-to-earnings ratio of 185.64. Neptune Insurance Holdings Inc. has a 12 month low of $14.78 and a 12 month high of $33.23.

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

Institutional Trading of Neptune Insurance

Institutional investors have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust bought a new position in shares of Neptune Insurance in the third quarter worth approximately $792,000. Maltese Capital Management LLC purchased a new stake in Neptune Insurance during the 3rd quarter valued at $3,200,000. FNY Investment Advisers LLC purchased a new stake in Neptune Insurance during the 3rd quarter valued at $171,000. Massachusetts Financial Services Co. MA bought a new stake in Neptune Insurance in the 4th quarter worth $759,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Neptune Insurance in the fourth quarter valued at about $2,068,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on Neptune Insurance from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Neptune Insurance from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. The Goldman Sachs Group reissued a “buy” rating and set a $32.50 price target on shares of Neptune Insurance in a research note on Wednesday, January 7th. Zacks Research raised shares of Neptune Insurance to a “hold” rating in a research note on Tuesday, October 28th. Finally, Bank of America raised shares of Neptune Insurance from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Neptune Insurance presently has a consensus rating of “Hold” and a consensus target price of $26.81.

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.