Key Points
- Neptune Insurance CEO Trevor Burgess sold 43,018 shares at an average price of $29.13, for about $1.25 million. The sale was made under a pre-arranged Rule 10b5-1 plan; Burgess retained approximately 2.15 million shares.
- Neptune reported quarterly EPS of $0.17, topping the $0.16 estimate, and revenue of $59.57 million, above the $56.59 million consensus forecast.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $32.29; seven analysts rate the stock Buy and six rate it Hold.
Neptune Insurance Holdings Inc. (NYSE:NP - Get Free Report) CEO Trevor Burgess sold 43,018 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $29.13, for a total transaction of $1,253,114.34. Following the sale, the chief executive officer directly owned 2,154,795 shares of the company's stock, valued at approximately $62,769,178.35. This trade represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Neptune Insurance Price Performance
Shares of NYSE:NP opened at $27.82 on Friday. The company's 50 day simple moving average is $29.58 and its 200 day simple moving average is $27.54. The stock has a market capitalization of $3.84 billion and a price-to-earnings ratio of 86.93. Neptune Insurance Holdings Inc. has a 1 year low of $14.78 and a 1 year high of $35.15.
Neptune Insurance (NYSE:NP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.16 by $0.01. Neptune Insurance had a net margin of 22.71% and a negative return on equity of 26.63%. The business had revenue of $59.57 million during the quarter, compared to the consensus estimate of $56.59 million. As a group, analysts anticipate that Neptune Insurance Holdings Inc. will post 0.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on NP. Weiss Ratings upgraded Neptune Insurance from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. upped their price objective on Neptune Insurance from $26.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Evercore reaffirmed an "outperform" rating and issued a $36.00 price objective on shares of Neptune Insurance in a research note on Wednesday, July 22nd. Wells Fargo & Company decreased their target price on Neptune Insurance from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Finally, BMO Capital Markets downgraded Neptune Insurance from an "outperform" rating to a "market perform" rating and set a $32.00 target price for the company. in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.29.
Get Our Latest Analysis on NP
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its holdings in shares of Neptune Insurance by 30.2% during the 3rd quarter. Fifth Third Bancorp now owns 82,615 shares of the company's stock valued at $2,260,000 after acquiring an additional 19,165 shares in the last quarter. State of Wyoming grew its position in Neptune Insurance by 80.7% during the 3rd quarter. State of Wyoming now owns 5,026 shares of the company's stock worth $137,000 after acquiring an additional 2,244 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Neptune Insurance by 41.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,727 shares of the company's stock worth $47,000 after purchasing an additional 503 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Neptune Insurance in the 3rd quarter worth about $105,000. Finally, BlueCrest Capital Management Ltd acquired a new position in Neptune Insurance in the 2nd quarter worth about $1,418,000.
About Neptune Insurance
(
Get Free Report)
Neptune Insurance is a technology-enabled insurance company focused primarily on flood coverage for residential and commercial policyholders. Its platform is designed to streamline the insurance process, including quoting, underwriting and policy management, while providing coverage tailored to properties that may face flood-related risks.
The company offers flood insurance products for homeowners, renters, landlords and businesses. Its offerings are intended to complement or provide an alternative to coverage available through traditional government and private-market flood insurance programs, depending on the policyholder's location and eligibility.
Neptune's business is primarily focused on the United States, where flood risk varies significantly by geography and many properties are outside federally designated high-risk areas.
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