Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) Director Michael Warren Vostrizansky purchased 23,000 shares of Neptune Insurance stock in a transaction that occurred on Friday, February 20th. The shares were acquired at an average price of $21.50 per share, for a total transaction of $494,500.00. Following the acquisition, the director owned 23,000 shares in the company, valued at $494,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Neptune Insurance Stock Performance
NYSE NP opened at $20.42 on Wednesday. The stock has a market cap of $2.82 billion and a P/E ratio of 185.64. Neptune Insurance Holdings Inc. has a fifty-two week low of $14.78 and a fifty-two week high of $33.23. The stock has a 50 day simple moving average of $25.45 and a two-hundred day simple moving average of $27.30.
Neptune Insurance (NYSE:NP - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported $0.11 EPS for the quarter, beating 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.
Institutional Investors Weigh In On Neptune Insurance
Several hedge funds have recently bought and sold shares of NP. Wells Fargo & Company MN bought a new position in shares of Neptune Insurance during the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Neptune Insurance in the 4th quarter worth approximately $125,000. FNY Investment Advisers LLC purchased a new stake in shares of Neptune Insurance in the 3rd quarter worth approximately $171,000. Symmetry Investments LP bought a new position in Neptune Insurance during the 4th quarter valued at approximately $204,000. Finally, FJ Capital Management LLC purchased a new position in Neptune Insurance during the fourth quarter valued at $289,000.
Wall Street Analyst Weigh In
NP has been the topic of a number of research reports. Morgan Stanley lifted their target price on shares of Neptune Insurance from $26.00 to $27.00 and gave the company an "equal weight" rating in a research note on Monday, November 17th. The Goldman Sachs Group restated a "buy" rating and issued a $32.50 price objective on shares of Neptune Insurance in a report on Wednesday, January 7th. Weiss Ratings began coverage on Neptune Insurance in a research report on Wednesday, December 24th. They set a "sell (d)" rating on the stock. Deutsche Bank Aktiengesellschaft increased their target price on Neptune Insurance from $29.00 to $31.00 and gave the stock a "buy" rating in a research report on Monday, December 22nd. Finally, Raymond James Financial set a $24.00 target price on Neptune Insurance in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $26.81.
Get Our Latest Analysis on Neptune Insurance
Neptune Insurance Company Profile
(
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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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