Key Points
- CEO Trevor Burgess bought 50,000 shares on March 13 at an average price of $18.71 for about $935,500, bringing his total direct ownership to 2,082,964 shares (a 2.46% increase) valued at roughly $38.97 million.
- Neptune beat expectations in its latest quarter with EPS of $0.11 versus a $0.10 consensus and revenue of $43.77 million versus a $39.42 million estimate.
- Analysts give Neptune a consensus rating of "Moderate Buy"
Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) CEO Trevor Burgess acquired 50,000 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $18.71 per share, with a total value of $935,500.00. Following the completion of the purchase, the chief executive officer directly owned 2,082,964 shares in the company, valued at $38,972,256.44. The trade was a 2.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Neptune Insurance Price Performance
Shares of NP stock opened at $21.87 on Friday. The stock's 50-day moving average is $23.12 and its 200 day moving average is $26.33. Neptune Insurance Holdings Inc. has a 1-year low of $14.78 and a 1-year high of $33.23. The company has a market cap of $3.02 billion and a P/E ratio of 99.42.
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, topping analysts' consensus estimates of $0.10 by $0.01. The firm had revenue of $43.77 million during the quarter, compared to the consensus estimate of $39.42 million.
Analyst Ratings Changes
NP has been the subject of several recent analyst reports. Raymond James Financial set a $24.00 target price on shares of Neptune Insurance in a research note on Monday, February 23rd. BMO Capital Markets upgraded 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. Keefe, Bruyette & Woods raised Neptune Insurance from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from $26.00 to $25.00 in a research report on Thursday, February 19th. Mizuho upgraded Neptune Insurance from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $26.00 to $24.00 in a research note on Wednesday, February 25th. Finally, Morgan Stanley reduced their target price on Neptune Insurance from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 4th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.50.
Get Our Latest Stock Report on NP
Institutional Investors Weigh In On Neptune Insurance
Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN purchased a new stake in Neptune Insurance in the fourth quarter valued at approximately $28,000. PNC Financial Services Group Inc. purchased a new position in Neptune Insurance during the 4th quarter worth approximately $125,000. FNY Investment Advisers LLC purchased a new position in Neptune Insurance during the 3rd quarter worth approximately $171,000. Symmetry Investments LP acquired a new stake in Neptune Insurance during the 4th quarter valued at approximately $204,000. Finally, FJ Capital Management LLC acquired a new stake in Neptune Insurance during the 4th quarter valued at approximately $289,000.
Neptune Insurance Company Profile
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Get Free Report)
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.
Further Reading
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