Trevor Burgess Buys 50,000 Shares of Neptune Insurance (NYSE:NP) Stock

Neptune Insurance Holdings Inc. (NYSE:NP) CEO Trevor Burgess purchased 50,000 shares of Neptune Insurance stock in a transaction dated Thursday, October 2nd. The stock was bought at an average price of $20.00 per share, with a total value of $1,000,000.00. Following the completion of the purchase, the chief executive officer directly owned 2,032,964 shares of the company’s stock, valued at approximately $40,659,280. This trade represents a 2.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Neptune Insurance Stock Down 1.1%

Shares of Neptune Insurance stock opened at $24.60 on Friday. Neptune Insurance Holdings Inc. has a twelve month low of $22.30 and a twelve month high of $33.23. The company has a quick ratio of 1.22, a current ratio of 2.01 and a debt-to-equity ratio of 1.55. The company’s 50 day moving average is $28.37 and its 200 day moving average is $30.73. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -15.00 and a beta of 1.46.

Neptune Insurance (NYSE:NP) last posted its earnings results on Wednesday, November 12th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $44.37 million during the quarter, compared to the consensus estimate of $42.58 million. Neptune Insurance had a positive return on equity of 11.06% and a negative net margin of 2.53%. Neptune Insurance has set its FY 2026 guidance at EPS.

Wall Street Analyst Weigh In

A number of analysts recently commented on NP shares. Deutsche Bank Aktiengesellschaft assumed coverage on Neptune Insurance in a research report on Monday, October 27th. They set a “buy” rating and a $29.00 price objective for the company. Raymond James Financial started coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “outperform” rating and a $30.00 target price for the company. Mizuho increased their price target on shares of Neptune Insurance from $23.00 to $26.00 and gave the stock an “underperform” rating in a research report on Thursday. Piper Sandler assumed coverage on shares of Neptune Insurance in a research report on Monday, October 27th. They set an “overweight” rating and a $33.00 price objective for the company. Finally, Evercore ISI began coverage on Neptune Insurance in a research note on Monday, October 27th. They issued an “outperform” rating and a $35.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.88.

Hedge Funds Weigh In On Neptune Insurance

An institutional investor recently bought a new position in Neptune Insurance stock. Emerald Mutual Fund Advisers Trust acquired a new position in Neptune Insurance Holdings Inc. (NYSE:NP) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,761 shares of the company’s stock, valued at approximately $792,000. 93.37% of the stock is currently owned by hedge funds and other institutional investors.

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.