Neptune Insurance (NYSE:NP) Research Coverage Started at BMO Capital Markets

BMO Capital Markets started coverage on shares of Neptune Insurance (NYSE:NP) in a research report report published on Monday morning, Marketbeat reports. The firm issued a market perform rating and a $25.00 price target on the stock.

NP has been the topic of several other reports. Evercore ISI began coverage on shares of Neptune Insurance in a research note on Monday. They set an “outperform” rating and a $35.00 target price on the stock. Mizuho assumed coverage on Neptune Insurance in a report on Monday. They set an “underperform” rating and a $23.00 price target on the stock. Keefe, Bruyette & Woods initiated coverage on Neptune Insurance in a research report on Monday. They set a “market perform” rating and a $26.00 price target on the stock. The Goldman Sachs Group assumed coverage on Neptune Insurance in a research report on Monday. They set a “buy” rating and a $30.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Neptune Insurance in a research note on Monday. They set a “buy” rating and a $29.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $27.54.

Neptune Insurance Stock Performance

Neptune Insurance stock opened at $25.51 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.01 and a quick ratio of 1.22. The company has a market cap of $3.52 billion, a P/E ratio of -15.55 and a beta of 1.46. Neptune Insurance has a fifty-two week low of $22.30 and a fifty-two week high of $33.23. The firm’s 50 day simple moving average is $29.91 and its 200-day simple moving average is $31.27.

Insider Buying and Selling at Neptune Insurance

In other news, major shareholder Hold 101 Lp Bsiv sold 820,123 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $18.75, for a total transaction of $15,377,306.25. Following the completion of the sale, the insider directly owned 19,530,472 shares of the company’s stock, valued at $366,196,350. This trade represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Vii L.P. Ftv sold 678,019 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $18.75, for a total value of $12,712,856.25. Following the completion of the sale, the insider directly owned 22,350,631 shares of the company’s stock, valued at approximately $419,074,331.25. The trade was a 2.94% decrease in their position. The SEC filing for this sale provides additional information. 0.63% of the stock is currently owned by company insiders.

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.