Neptune Insurance Experiences a 4.7% Decline

Goldman Sachs raised the firm's price target on Neptune Insurance to $32.50 from $30 and keeps a Buy rating on the shares. In a sector note on Americas Insurance, the firm said it expects "strong and fairly resilient" insurer profitability for the next few years, but added that it believes we are "solidly in the softening phase" of the P&C insurance cycle, which leads to "increased capital supply and competition, which should drive a deceleration in growth/pricing/margins, that we think are broadly underappreciated within Street estimates."

Morgan Stanley analyst Bob Huang raised the firm's price target on Neptune Insurance to $27 from $26 and keeps an Equal Weight rating on the shares. The firm updated models in the insurance space post the Q3 reports. For property and casualty, Morgan Stanley sees a softening cycle heading into 2026, the analyst tells investors.

Mizuho raised the firm's price target on Neptune Insurance to $26 from $23 and keeps an Underperform rating on the shares following the Q3 report. The firm cites the company's better 2026 outlook for the target bump.