Maltese Capital Management LLC Buys 37,500 Shares of Neptune Insurance Holdings Inc. $NP

Maltese Capital Management LLC raised its stake in Neptune Insurance Holdings Inc. (NYSE:NP) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,500 shares of the company’s stock after acquiring an additional 37,500 shares during the quarter. Maltese Capital Management LLC owned approximately 0.10% of Neptune Insurance worth $4,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Bregal Sagemount IV General Partner Jersey Ltd bought a new stake in shares of Neptune Insurance in the 4th quarter worth approximately $569,509,000. Vanguard Group Inc. bought a new position in Neptune Insurance during the fourth quarter valued at $47,063,000. Capital World Investors purchased a new stake in Neptune Insurance in the fourth quarter worth $32,091,000. JPMorgan Chase & Co. bought a new stake in shares of Neptune Insurance in the fourth quarter valued at $27,695,000. Finally, Capital International Investors bought a new stake in shares of Neptune Insurance in the fourth quarter valued at $20,412,000.

Insider Activity at Neptune Insurance

In other Neptune Insurance news, major shareholder Hold 101 Lp Bsiv sold 4,589,351 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.40, for a total value of $121,158,866.40. Following the completion of the transaction, the insider directly owned 14,941,121 shares of the company’s stock, valued at $394,445,594.40. This trade represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Vii L.P. Ftv sold 5,252,044 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $26.40, for a total transaction of $138,653,961.60. Following the transaction, the insider owned 17,098,587 shares of the company’s stock, valued at $451,402,696.80. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 11,317,604 shares of company stock valued at $298,784,746. 74.26% of the stock is owned by corporate insiders.

Neptune Insurance Stock Up 0.2%

Shares of NYSE NP opened at $27.47 on Tuesday. The company has a market cap of $3.80 billion and a P/E ratio of 101.72. Neptune Insurance Holdings Inc. has a 52 week low of $14.78 and a 52 week high of $33.23. The business has a 50-day simple moving average of $26.83 and a two-hundred day simple moving average of $25.27.

Neptune Insurance (NYSE:NP) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $37.80 million for the quarter, compared to the consensus estimate of $36.96 million. The company’s revenue was up 28.8% compared to the same quarter last year. Equities research analysts anticipate that Neptune Insurance Holdings Inc. will post 0.4 EPS for the current year.

Analyst Ratings Changes

NP has been the subject of several research reports. Keefe, Bruyette & Woods increased their price target on Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Neptune Insurance in a report on Monday, April 20th. Mizuho lifted their target price on shares of Neptune Insurance from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Evercore reissued an “outperform” rating on shares of Neptune Insurance in a research report on Friday, May 8th. Finally, Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a research note on Monday, April 27th. Eight research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.73.

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.