Ex-Banker Takes a Risk on the Unprofitable Flood Insurance Sector
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Government Shutdown Impact: The ongoing government shutdown has put the National Flood Insurance Program, which has been operational for 57 years, on hold, creating uncertainty for policyholders.
Private Insurer Response: Despite the federal program's suspension, Florida-based Neptune Insurance Holdings has continued to write new flood insurance policies and went public on the New York Stock Exchange on October 1.
Analyst Views on NP
Wall Street analysts forecast NP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NP is 28.45 USD with a low forecast of 22.50 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
6 Buy
4 Hold
2 Sell
Moderate Buy
Current: 24.930
Low
22.50
Averages
28.45
High
35.00
Current: 24.930
Low
22.50
Averages
28.45
High
35.00
About NP
Neptune Insurance Holdings Inc. is a data-driven managing general agent. The Company offers 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 network of agencies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
