NEW YORK, Jan 2, 2026, 15:01 ET — Regular session
- Neptune Insurance Holdings shares fell 4.0% to $27.99 in afternoon trading after opening at $29.19.
- The stock swung between $27.11 and $29.78 as U.S. equities traded mixed to start 2026.
- Neptune last forecast 2026 revenue of $186 million to $189 million and an adjusted EBITDA margin of 60% to 61%.
Neptune Insurance Holdings Inc (NYSE: NP) shares fell about 4% to $27.99 in afternoon trading on Friday, underperforming the broader market in the first U.S. session of 2026.
The move matters because Neptune is a recently listed name that has drawn momentum interest, and early-year rebalancing can amplify swings in smaller, newer stocks.
It also lands as investors refocus on the macro outlook for rates and growth, a key driver for insurance-related valuations because insurers invest premiums largely in bonds and rate expectations can change sector sentiment quickly.
U.S. stocks were mixed on the day, with the S&P 500 and Nasdaq slipping while the Dow hovered near flat, according to a Reuters market report. “Stocks trade expensive on 18 of 20 measures, and we see elevated risks to the index level in the near term,” Bank of America strategist Savita Subramanian wrote. (Source: Reuters)
Neptune also appeared on retail traders’ radar after Investor’s Business Daily flagged it as its “IPO Stock of the Week,” pointing to chart-based “buy point” levels watched by technical traders. (Source: Investors)
The stock traded between an intraday low of $27.11 and a high of $29.78 on Friday, after last closing at $29.16.
Neptune, based in St. Petersburg, Florida, sells flood insurance and related products and uses its Triton platform to automate underwriting — the process of pricing and deciding whether to accept risk.
The company has described itself as a managing general agent, or MGA — a model that typically earns fees for underwriting and distribution while partnering with outside insurers and reinsurers for the balance-sheet risk.
In its most recent quarterly update, Neptune reported third-quarter revenue of $44.4 million, net income of $11.5 million and adjusted EBITDA of $26.7 million, and forecast 2026 revenue of $186 million to $189 million with an adjusted EBITDA margin of 60% to 61%. Adjusted EBITDA is an earnings metric that strips out items such as interest, taxes and certain non-cash or one-off charges to show operating performance. (Source: Sec)
Investors will be watching for any update to that 2026 outlook, along with signs that policy sales and renewals are holding up and that pricing remains firm as reinsurers set terms for catastrophe-exposed coverage.
Macro events are also in focus. The U.S. jobs report is due on Jan. 9 and the December consumer price index is set for Jan. 13, while the Federal Reserve’s next policy meeting is scheduled for Jan. 27-28. (Source: Bls)
Among insurance-linked peers, RenaissanceRe fell about 3% on Friday, while Chubb dipped less than 1%; insurtech Lemonade rose about 7% in a volatile session.
