19,530,472 Shares in Neptune Insurance Holdings Inc. $NP Bought by Bregal Sagemount IV General Partner Jersey Ltd

Bregal Sagemount IV General Partner Jersey Ltd bought a new position in Neptune Insurance Holdings Inc. (NYSE:NP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,530,472 shares of the company’s stock, valued at approximately $569,509,000. Neptune Insurance accounts for about 100.0% of Bregal Sagemount IV General Partner Jersey Ltd’s portfolio, making the stock its biggest position. Bregal Sagemount IV General Partner Jersey Ltd owned about 0.14% of Neptune Insurance at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NP. Vanguard Group Inc. bought a new position in Neptune Insurance in the 4th quarter worth $47,063,000. Capital World Investors bought a new position in Neptune Insurance in the 4th quarter worth $32,091,000. JPMorgan Chase & Co. bought a new position in Neptune Insurance in the 4th quarter worth $27,695,000. Capital International Investors bought a new position in Neptune Insurance in the 4th quarter worth $20,412,000. Finally, TimesSquare Capital Management LLC bought a new position in Neptune Insurance in the 4th quarter worth $12,260,000.

Neptune Insurance Price Performance

NYSE NP opened at $27.53 on Friday. The firm has a market capitalization of $3.81 billion and a price-to-earnings ratio of 101.98. The company’s fifty day moving average is $26.79 and its two-hundred day moving average is $25.23. Neptune Insurance Holdings Inc. has a 52-week low of $14.78 and a 52-week high of $33.23.

Neptune Insurance (NYSE:NP) last posted its quarterly earnings results on Wednesday, April 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $37.80 million during the quarter, compared to analyst estimates of $36.96 million. The business’s revenue for the quarter was up 28.8% on a year-over-year basis. As a group, sell-side analysts expect that Neptune Insurance Holdings Inc. will post 0.4 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Hold 101 Lp Bsiv sold 688,403 shares of Neptune Insurance stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $18,173,839.20. Following the sale, the insider directly owned 14,252,718 shares in the company, valued at approximately $376,271,755.20. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Vii L.P. Ftv sold 787,806 shares of Neptune Insurance stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.40, for a total transaction of $20,798,078.40. Following the sale, the insider owned 16,310,781 shares in the company, valued at approximately $430,604,618.40. This trade represents a 4.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,317,604 shares of company stock worth $298,784,746. 74.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently commented on NP shares. Bank of America lifted their target price on shares of Neptune Insurance from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Piper Sandler decreased 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. Mizuho raised their price target on shares of Neptune Insurance from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Raymond James Financial restated an “outperform” rating on shares of Neptune Insurance in a research report on Monday, April 27th. Finally, Morgan Stanley raised their price target on shares of Neptune Insurance from $26.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.73.

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.