Jim Cramer on Neptune Insurance: “I Am Intrigued By This”

NP -6.68% CB -0.58%

Neptune Insurance Holdings Inc. (NYSE:NP) is one of the stocks Jim Cramer recently answered questions about. During the lightning round, answering a caller’s question about the stock, Cramer stated:

“You know, the only insurance company I’d recommend is Chubb. I am intrigued by this… I read another good report about it today. I do think that it’s become the way for younger people to trade the… complex of insurance, and it’s up another five today on a very positive recommendation. It’s probably not done.”

Stock market data. Photo by Alesia Kozik on Pexels

Neptune Insurance Holdings Inc. (NYSE:NP) sells residential and commercial flood insurance and parametric earthquake coverage through a network of agencies. The company reported its Q3 earnings on November 12. It posted a GAAP EPS of $0.06, and revenue was up $44.4 million, up 31% year-over-year, and beat estimates by $1.62 million. Neptune Insurance Holdings Inc. (NYSE:NP) reported a 5% decrease in net income mainly due to IPO expenses.

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Disclosure: None. This article is originally published at Insider Monkey.