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Palomar Holdings Inc (PLMR)

NASDAQ
Currency in USD
108.30
-0.14(-0.13%)
Closed
Pre Market
108.44+0.14(+0.13%)
PLMR Scorecard
Full Analysis
7 analysts have revised their earnings downwards for the upcoming period
Fair Value
Day's Range
108.16110.43
52 wk Range
54.50111.27
Key Statistics
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Prev. Close
108.44
Open
109.63
Day's Range
108.16-110.43
52 wk Range
54.5-111.27
Volume
85.7K
Average Volume (3m)
156.99K
1-Year Change
84.06%
Book Value / Share
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Fair Value
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Fair Value Upside
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PLMR Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
109.67
Upside
+1.27%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a low P/E ratio relative to near-term earnings growth
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Palomar Holdings Inc Company Profile

Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

Industry
Insurance
Sector
Financial
Employees
213

Palomar Holdings Inc SWOT Analysis


Niche Market Leade
Palomar Holdings excels in underserved insurance markets, leveraging advanced analytics and a robust reinsurance program for impressive growth and risk management
Q2 2024 Highlights
Explore Palomar's Q2 2024 performance, surpassing estimates with $1.25 EPS and $122M NEP, despite challenges in loss and expense ratios
Growth Trajectory
Delve into Palomar's raised 2024 guidance of $124M-$130M adjusted net income, reflecting confidence in sustained growth amid potential challenges
Valuation Insights
Learn about Palomar's premium valuation at 4.1x book value vs. peer median of 2.7x, with JMP Securities maintaining a Market Perform rating
Read full SWOT analysis
PLMR Full Pro Research
Institutional-Grade Stock Analysis
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Financial health at a glance
Bearish and bullish outlooks
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Palomar Holdings Inc Earnings Call Summary for Q4/2024

  • Adjusted net income up 39%, total premium growth 32%; Earthquake, Casualty, and Crop segments drive gains
  • $160M equity raised for acquisition and expansion; focus on premium growth, market dislocation, and organizational scale
  • Full-year adjusted net income guidance: $124M-$128M, up 35% from 2023; on track for Palomar 2X goal
  • Crop insurance segment surged to $60M in premiums; plans to increase risk exposure in this sector from 2025
  • Fronting business declined 11%; catastrophe losses expected to impact combined ratio by 5-6 points for the year
Last Updated: 11/07/2024, 02:50 AM
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Compare PLMR to Peers and Sector

Metrics to compare
PLMR
Peers
Sector
Relationship
P/E Ratio
26.4x−6.3x8.7x
PEG Ratio
0.54−0.110.03
Price/Book
4.1x2.5x1.0x
Price / LTM Sales
5.7x2.4x2.8x
Upside (Analyst Target)
2.5%2.9%10.7%
Fair Value Upside
Unlock16.6%2.5%Unlock

Analysts' Recommendations

5 Buy
3 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 109.67

(+1.26% Upside)

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FAQ

What Is the Palomar (PLMR) Stock Price Today?

The Palomar stock price today is 108.30

What Stock Exchange Does Palomar Trade On?

Palomar is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Palomar?

The stock symbol for Palomar is "PLMR."

What Is the Palomar Market Cap?

As of today, Palomar market cap is 2.87B.

What is Palomar Earnings Per Share?

The Palomar EPS is 4.33.

What Is the Next Palomar Earnings Date?

Palomar will release its next earnings report on Feb 11, 2025.

From a Technical Analysis Perspective, Is PLMR a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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