Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 70,907 Neptune Insurance Holdings Inc. $NP

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Neptune Insurance Holdings Inc. (NYSE:NP) during the fourth quarter, Holdings Channel reports. The fund acquired 70,907 shares of the company’s stock, valued at approximately $2,068,000.

A number of other large investors have also recently added to or reduced their stakes in NP. Emerald Mutual Fund Advisers Trust bought a new position in Neptune Insurance during the 3rd quarter valued at $792,000. Maltese Capital Management LLC bought a new position in Neptune Insurance during the 3rd quarter valued at $3,200,000. FNY Investment Advisers LLC bought a new position in Neptune Insurance during the 3rd quarter valued at $171,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Neptune Insurance during the 4th quarter valued at $759,000.

Wall Street Analyst Weigh In

NP has been the topic of a number of research reports. The Goldman Sachs Group reissued a “buy” rating and set a $32.50 target price on shares of Neptune Insurance in a report on Wednesday, January 7th. Morgan Stanley reduced their price target on shares of Neptune Insurance from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 4th. Keefe, Bruyette & Woods raised their price target on shares of Neptune Insurance from $28.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Piper Sandler reduced their price target on shares of Neptune Insurance from $33.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Finally, Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a research report on Monday. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.42.

Neptune Insurance Stock Performance

Neptune Insurance stock opened at $24.87 on Friday. Neptune Insurance Holdings Inc. has a 1 year low of $14.78 and a 1 year high of $33.23. The firm’s 50-day moving average is $23.62 and its 200-day moving average is $24.87. The company has a market cap of $3.44 billion and a P/E ratio of 92.11.

Neptune Insurance (NYSE:NP) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $37.80 million during the quarter, compared to analyst estimates of $36.96 million. The firm’s revenue was up 28.8% on a year-over-year basis. As a group, sell-side analysts predict that Neptune Insurance Holdings Inc. will post 0.39 earnings per share for the current year.

Insider Transactions at Neptune Insurance

In other news, Director Michael Warren Vostrizansky acquired 23,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director directly owned 23,000 shares in the company, valued at approximately $494,500. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Trevor R. Burgess acquired 50,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average cost of $18.71 per share, for a total transaction of $935,500.00. Following the acquisition, the chief executive officer owned 2,082,964 shares in the company, valued at approximately $38,972,256.44. This trade represents a 2.46% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.63% of the stock is 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. 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.