Neptune Insurance (NYSE:NP) Director Michael Warren Vostrizansky Acquires 23,000 Shares

Neptune Insurance Holdings Inc. (NYSE:NP) Director Michael Warren Vostrizansky purchased 23,000 shares of the stock in a transaction dated Friday, February 20th. The shares were acquired at an average price of $21.50 per share, with a total value of $494,500.00. Following the completion of the acquisition, the director owned 23,000 shares in the company, valued at approximately $494,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Neptune Insurance Stock Down 0.8%

Neptune Insurance stock traded down $0.17 during mid-day trading on Tuesday, reaching $20.42. 385,308 shares of the company’s stock were exchanged, compared to its average volume of 429,142. Neptune Insurance Holdings Inc. has a twelve month low of $14.78 and a twelve month high of $33.23. The company has a fifty day moving average of $25.45 and a 200-day moving average of $27.30. The company has a market cap of $2.82 billion and a P/E ratio of 185.64.

Neptune Insurance (NYSE:NP) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.10 by $0.01. The firm had revenue of $43.77 million for the quarter, compared to analyst estimates of $39.42 million.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They set a “neutral” rating and a $25.00 price target on the stock. Morgan Stanley upped their price target on shares of Neptune Insurance from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Raymond James Financial set a $24.00 price target on shares of Neptune Insurance in a research report on Monday. Keefe, Bruyette & Woods raised Neptune Insurance from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $26.00 to $25.00 in a research report on Thursday, February 19th. Finally, TD Cowen initiated coverage on Neptune Insurance in a research note on Monday, October 27th. They set a “buy” rating on the stock. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Neptune Insurance currently has a consensus rating of “Hold” and a consensus target price of $26.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NP. Wells Fargo & Company MN purchased a new stake in shares of Neptune Insurance during the 4th quarter worth about $28,000. PNC Financial Services Group Inc. bought a new stake in Neptune Insurance during the fourth quarter valued at about $125,000. FNY Investment Advisers LLC acquired a new stake in Neptune Insurance in the 3rd quarter valued at approximately $171,000. Symmetry Investments LP bought a new position in Neptune Insurance during the fourth quarter worth $204,000. Finally, FJ Capital Management LLC bought a new position in shares of Neptune Insurance during the 4th quarter worth about $289,000.

Neptune Insurance Company Profile

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.