Neptune Insurance (NYSE:NP) Trading 3.5% Higher – Should You Buy?

Neptune Insurance Holdings Inc. (NYSE:NP) shares rose 3.5% during trading on Monday . The company traded as high as $31.11 and last traded at $30.94. Approximately 19,263 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 407,299 shares. The stock had previously closed at $29.90.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wall Street Zen upgraded Neptune Insurance to a “hold” rating in a report on Saturday, October 11th. TD Cowen assumed coverage on Neptune Insurance in a research note on Monday, October 27th. They issued a “buy” rating and a $32.00 target price for the company. Piper Sandler initiated coverage on shares of Neptune Insurance in a research note on Monday, October 27th. They set an “overweight” rating and a $33.00 price target on the stock. Zacks Research raised shares of Neptune Insurance to a “hold” rating in a research note on Tuesday, October 28th. Finally, BMO Capital Markets initiated coverage on shares of Neptune Insurance in a report on Monday, October 27th. They set a “market perform” rating and a $25.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.12.

Neptune Insurance Trading Up 1.2%

The firm’s 50 day moving average is $25.89 and its 200 day moving average is $29.48. 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 capitalization of $4.18 billion, a PE ratio of -18.46 and a beta of 1.46.

Neptune Insurance (NYSE:NP) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Neptune Insurance had a positive return on equity of 11.06% and a negative net margin of 2.53%.The firm had revenue of $44.37 million during the quarter, compared to the consensus estimate of $42.58 million.

Insider Activity at Neptune Insurance

In other news, 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 stock was sold at an average price of $18.75, for a total transaction of $12,712,856.25. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Hold 101 Lp Bsiv sold 820,123 shares of the company’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 $15,377,306.25. Following the transaction, the insider owned 19,530,472 shares of the company’s stock, valued at approximately $366,196,350. This represents a 4.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have bought 174,050 shares of company stock worth $3,481,000 over the last 90 days. 0.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Emerald Mutual Fund Advisers Trust purchased a new position in Neptune Insurance during the 3rd quarter valued at about $792,000. Maltese Capital Management LLC purchased a new position in shares of Neptune Insurance during the third quarter valued at approximately $3,200,000. Finally, FNY Investment Advisers LLC bought a new stake in shares of Neptune Insurance in the 3rd quarter worth approximately $171,000. 93.37% of the stock is currently owned by institutional investors.

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.