New York, Feb 17, 2026, 08:55 EST — Premarket
- NP last closed at $18.89 on Feb. 13, up 10.2%
- The company is set to report fourth-quarter results on Feb. 18
- BMO upgraded the shares to Outperform while trimming its price target to $20
Neptune Insurance Holdings Inc (NYSE: NP) shares are back in focus on Tuesday as investors size up the company’s Feb. 18 quarterly report after a choppy stretch. The stock last closed at $18.89, up 10.2%. (Investing)
The broader tone is cautious. U.S. stock futures were lower early Tuesday after last week’s tech-led slide, which has kept traders quick to cut risk into the open. (Investopedia)
Neptune’s own tape has been messy. The shares fell 17.8% on Feb. 11, dropped another 10.9% on Feb. 12—when they hit $14.78—then rebounded 10.2% in the Feb. 13 session. (Investing)
Analysts have been moving around the name too. BMO Capital’s Michael Zaremski upgraded Neptune to Outperform from Market Perform and reduced his price target to $20 from $25, Benzinga’s analyst-ratings tracker showed. (Benzinga)
Zaremski cited valuation after the stock fell about 26% over the prior week amid “AI-related speculation” about future winners and losers, and said Neptune is already “the heaviest user of AI in the sector,” according to a report from TheFly carried by TipRanks. (TipRanks)
In another recap of the call, BMO’s work leaned on efficiency and growth assumptions. It pegged Neptune’s revenue per employee at about $2.6 million on its 2025 estimate, versus roughly $200,000 for insurance broker Willis Towers Watson, and said its regression framework assumed 20% organic growth—growth excluding acquisitions—against a 25% 2026 forecast. (Investing)
Neptune said it will publish fourth-quarter results after the market closes on Wednesday and host a conference call at 5 p.m. ET. It also described its platform as using proprietary artificial intelligence and operating without human underwriters. (Business Wire)
For investors, the read-across is fairly direct. They will be looking for policy growth, pricing and the cost to acquire and service policies, along with any update on how capacity providers are behaving heading deeper into 2026.
One number still matters even for an asset-light model: claims. A spike in flood losses—typically tracked through loss ratios, which measure claims costs relative to premium—can change the terms and pricing the company gets from its insurance and reinsurance partners, and that can hit growth.
Neptune, based in St. Petersburg, Florida, is a data-driven managing general agent that sells primary and excess flood insurance as well as parametric earthquake cover through a network of agencies, a Reuters company profile showed. (Reuters)
The next catalyst is the Feb. 18 report and the call that follows. Traders will be listening for anything concrete on 2026 growth pacing, expense control and whether the company’s automation pitch is translating into steadier results—not just a steadier share price.
