Neptune Insurance (NYSE:NP) Major Shareholder Hold 101 Lp Bsiv Sells 1,632,160 Shares

Neptune Insurance Holdings Inc. (NYSE:NP) major shareholder Hold 101 Lp Bsiv sold 1,632,160 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $33.22, for a total transaction of $54,220,355.20. Following the completion of the transaction, the insider directly owned 12,620,558 shares in the company, valued at $419,254,936.76. This represents a 11.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Hold 101 Lp Bsiv also recently made the following trade(s):

• On Tuesday, May 19th, Hold 101 Lp Bsiv sold 688,403 shares of Neptune Insurance stock. The shares were sold at an average price of $26.40, for a total value of $18,173,839.20.
• On Friday, May 15th, Hold 101 Lp Bsiv sold 4,589,351 shares of Neptune Insurance stock. The shares were sold at an average price of $26.40, for a total value of $121,158,866.40.

Neptune Insurance Trading Up 0.6%

Shares of NYSE NP opened at $31.84 on Friday. Neptune Insurance Holdings Inc. has a 12-month low of $14.78 and a 12-month high of $35.15. The company has a market cap of $4.37 billion and a price-to-earnings ratio of 127.36. The stock’s 50 day simple moving average is $29.61 and its 200 day simple moving average is $26.14.

Neptune Insurance (NYSE:NP) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $52.38 million. As a group, equities analysts forecast that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NP has been the subject of several recent research reports. Weiss Ratings restated a “sell (d)” rating on shares of Neptune Insurance in a research report on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of Neptune Insurance from $26.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Wells Fargo & Company boosted their target price on shares of Neptune Insurance from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Bank of America upped their target price on shares of Neptune Insurance from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Neptune Insurance from $34.00 to $33.00 and set a “market perform” rating on the stock in a research note on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $31.46.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NP. 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 shares of Neptune Insurance during the fourth quarter valued at about $125,000. Symmetry Investments LP bought a new stake in shares of Neptune Insurance during the fourth quarter valued at about $204,000. FJ Capital Management LLC acquired a new stake in Neptune Insurance in the fourth quarter worth about $289,000. Finally, BIT Capital GmbH acquired a new stake in Neptune Insurance in the fourth quarter worth about $292,000.

About Neptune Insurance

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.