Key Points
- Neptune Insurance CEO Trevor Burgess sold 4,431 shares for about $122,429 at an average price of $27.63. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 1,902,520 shares.
- The company reported quarterly EPS of $0.17, beating the $0.16 consensus, and revenue of $59.57 million versus estimates of $56.59 million.
- Analysts’ average 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 4,431 shares of the business's stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $27.63, for a total value of $122,428.53. Following the completion of the sale, the chief executive officer directly owned 1,902,520 shares of the company's stock, valued at $52,566,627.60. The trade was a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Neptune Insurance Stock Up 0.2%
NYSE:NP opened at $28.22 on Wednesday. The stock's 50 day moving average price is $29.24 and its 200 day moving average price is $27.58. The company has a market capitalization of $3.90 billion and a PE ratio of 88.20. Neptune Insurance Holdings Inc. has a 52-week low of $14.78 and a 52-week high of $35.15.
Neptune Insurance (NYSE:NP - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.16 by $0.01. The company had revenue of $59.57 million for the quarter, compared to analyst estimates of $56.59 million. Neptune Insurance had a negative return on equity of 26.63% and a net margin of 22.71%. As a group, sell-side analysts anticipate that Neptune Insurance Holdings Inc. will post 0.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms recently commented on NP. Piper Sandler reiterated an "overweight" rating on shares of Neptune Insurance in a research report on Monday, October 19th. Wells Fargo & Company lowered their price objective on shares of Neptune Insurance from $37.00 to $34.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Weiss Ratings raised shares of Neptune Insurance from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Neptune Insurance in a research note on Wednesday, September 23rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Neptune Insurance from $32.00 to $33.00 and gave the stock a "market perform" rating in a research note on Wednesday, October 21st. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Neptune Insurance has an average rating of "Moderate Buy" and an average target price of $32.29.
Get Our Latest Stock Report on NP
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Public Sector Pension Investment Board purchased a new stake in shares of Neptune Insurance during the third quarter worth approximately $6,017,000. Fifth Third Bancorp lifted its holdings in shares of Neptune Insurance by 30.2% during the third quarter. Fifth Third Bancorp now owns 82,615 shares of the company's stock worth $2,260,000 after purchasing an additional 19,165 shares during the period. State of Wyoming grew its position in Neptune Insurance by 80.7% in the 3rd quarter. State of Wyoming now owns 5,026 shares of the company's stock valued at $137,000 after buying an additional 2,244 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Neptune Insurance by 41.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,727 shares of the company's stock valued at $47,000 after buying an additional 503 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Neptune Insurance during the 3rd quarter worth $105,000.
Neptune Insurance Company Profile
(
Get Free Report)
Neptune Insurance is a technology-enabled provider of private flood insurance. Founded in 2016, the company uses data analytics and risk modeling to assess flood exposure and support policy underwriting and distribution. Its products include flood coverage for residential and commercial properties, with options for protection of buildings and contents. Neptune distributes its policies through a network of insurance agents and serves customers across the United States. Founder Trevor Burgess has served as the company's chief executive officer.
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