Key Points
- CFO James Steiner sold 42,988 Neptune Insurance shares at an average price of $31.08, generating approximately $1.34 million. He also sold 57,012 shares the following day and now owns about 3.81 million shares.
- Neptune Insurance reported quarterly earnings of $0.15 per share, beating estimates by $0.01, while revenue of $55.87 million exceeded expectations. The company has a $4.37 billion market capitalization and a price-to-earnings ratio of 127.30.
- Analysts have a consensus “Hold” rating with an average price target of $31.46; the stock recently opened at $31.82 after trading between $14.78 and $35.15 over the past year.
Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) CFO James Steiner sold 42,988 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $31.08, for a total value of $1,336,067.04. Following the transaction, the chief financial officer owned 3,806,062 shares in the company, valued at approximately $118,292,406.96. This trade represents a 1.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
James Steiner also recently made the following trade(s):
- On Thursday, August 13th, James Steiner sold 57,012 shares of Neptune Insurance stock. The shares were sold at an average price of $31.71, for a total value of $1,807,850.52.
Neptune Insurance Price Performance
NP opened at $31.82 on Friday. The business has a fifty day simple moving average of $30.65 and a 200 day simple moving average of $26.56. Neptune Insurance Holdings Inc. has a 1 year low of $14.78 and a 1 year high of $35.15. The company has a market capitalization of $4.37 billion and a PE ratio of 127.30.
Neptune Insurance (NYSE:NP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Neptune Insurance had a negative return on equity of 18.77% and a net margin of 21.45%.The firm had revenue of $55.87 million for the quarter, compared to analysts' expectations of $52.38 million. Equities analysts anticipate that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN bought a new position in shares of Neptune Insurance in the fourth quarter worth $28,000. PNC Financial Services Group Inc. bought a new stake in Neptune Insurance during the fourth quarter worth about $125,000. Symmetry Investments LP acquired a new stake in Neptune Insurance during the fourth quarter worth about $204,000. FJ Capital Management LLC acquired a new stake in Neptune Insurance during the fourth quarter worth about $289,000. Finally, BIT Capital GmbH bought a new position in Neptune Insurance in the 4th quarter valued at about $292,000.
Analyst Upgrades and Downgrades
NP has been the topic of a number of recent research reports. Weiss Ratings raised shares of Neptune Insurance from a "sell (d)" rating to a "hold (c)" rating in a research report on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of Neptune Insurance from $26.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Raymond James Financial restated an "outperform" rating on shares of Neptune Insurance in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $33.00 target price on shares of Neptune Insurance in a report on Wednesday, July 22nd. Finally, BMO Capital Markets downgraded shares of Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 price target for the company. in a research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Neptune Insurance has a consensus rating of "Hold" and a consensus target price of $31.46.
Read Our Latest Analysis on NP
Neptune Insurance Company Profile
(
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.
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