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NASDAQ:PLMR

Palomar Stock Forecast, Price & News

$69.59
-0.52 (-0.74 %)
(As of 11/23/2020 02:22 PM ET)
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Compare
Today's Range
$69.07
Now: $69.59
$71.23
50-Day Range
$70.30
MA: $89.92
$108.84
52-Week Range
$39.21
Now: $69.59
$121.87
Volume11,537 shs
Average Volume355,349 shs
Market Capitalization$1.78 billion
P/E Ratio40.46
Dividend YieldN/A
Beta0.14
Palomar Holdings, Inc. provides specialty property insurance. It offers personal and commercial specialty property insurance products, including residential and commercial earthquake, specialty homeowners, commercial all-risk, Hawaii hurricane, residential flood, inland marine, assumed reinsurance, and real estate investor. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.72 out of 5 stars


Industry, Sector and Symbol

Industry Fire, marine, & casualty insurance
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:PLMR
CUSIPN/A
CIKN/A
Phone619-567-5290
Employees77

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$113.30 million
Cash Flow$1.27 per share
Book Value$9.02 per share

Profitability

Net Income$10.62 million

Miscellaneous

Market Cap$1.78 billion
Next Earnings Date2/16/2021 (Estimated)
OptionableNot Optionable
$69.59
-0.52 (-0.74 %)
(As of 11/23/2020 02:22 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Palomar (NASDAQ:PLMR) Frequently Asked Questions

How has Palomar's stock been impacted by Coronavirus (COVID-19)?

Palomar's stock was trading at $47.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PLMR shares have increased by 46.8% and is now trading at $69.75.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Palomar?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Palomar
.

What stocks does MarketBeat like better than Palomar?

Wall Street analysts have given Palomar a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Palomar wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Palomar's next earnings date?

Palomar is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Palomar
.

How were Palomar's earnings last quarter?

Palomar Holdings, Inc. (NASDAQ:PLMR) announced its earnings results on Tuesday, November, 10th. The company reported ($0.60) earnings per share for the quarter, missing analysts' consensus estimates of ($0.54) by $0.06. The company earned $42.84 million during the quarter, compared to the consensus estimate of $45.55 million. Palomar had a return on equity of 17.46% and a net margin of 28.80%. The company's revenue was up 51.0% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS.
View Palomar's earnings history
.

What price target have analysts set for PLMR?

6 brokerages have issued 1 year target prices for Palomar's shares. Their forecasts range from $55.00 to $125.00. On average, they anticipate Palomar's share price to reach $85.57 in the next year. This suggests a possible upside of 22.7% from the stock's current price.
View analysts' price targets for Palomar
.

Who are some of Palomar's key competitors?

What other stocks do shareholders of Palomar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), CrowdStrike (CRWD), Taiwan Semiconductor Manufacturing (TSM), Teladoc Health (TDOC), The Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU).

Who are Palomar's key executives?

Palomar's management team includes the following people:
  • Mr. D. McDonald Armstrong, Founder, CEO & Chairman
  • Mr. Heath Adam Fisher, Pres & Co-Founder (Age 45, Pay $1.3M)
  • Mr. Jon Marcus Christianson, Chief Underwriting Officer (Age 40, Pay $523.4k)
  • Mr. Toshio Christopher Uchida, CFO & Corp. Sec. (Age 47)
  • Mr. Britt Morries, Chief Operating Officer (Age 48)
  • Ms. Elizabeth Whitaker Seitz, Chief Accounting Officer
  • Mr. Kyle Morgan, Sr. VP of Corp. Devel. & Strategy
  • Mr. John MacDonald, Sr. VP of Marketing
  • Ms. Michelle Antoinette Johnson, Sr. VP of People & Talent (Age 44)
  • Mr. Jonathan Knutzen, Chief Risk Officer (Age 48)

When did Palomar IPO?

(PLMR) raised $63 million in an initial public offering (IPO) on Wednesday, April 17th 2019. The company issued 5,600,000 shares at $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) served as the underwriters for the IPO and Evercore ISI, William Blair, Sandler O'Neill + Partners and SunTrust Robinson Humphrey were co-managers.

What is Palomar's stock symbol?

Palomar trades on the NASDAQ under the ticker symbol "PLMR."

Who are Palomar's major shareholders?

Palomar's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.87%), State Street Corp (2.42%), Champlain Investment Partners LLC (2.15%), Blair William & Co. IL (2.12%), Emerald Advisers LLC (1.68%) and Emerald Mutual Fund Advisers Trust (1.63%). Company insiders that own Palomar stock include Andrew T Robinson, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Robert E Dowdell, T Christopher Uchida and Vi Gp Aiv Ltd Genstar.
View institutional ownership trends for Palomar
.

Which major investors are selling Palomar stock?

PLMR stock was sold by a variety of institutional investors in the last quarter, including Blackstone Group Inc, Peregrine Capital Management LLC, The Manufacturers Life Insurance Company, Emerald Advisers LLC, Federated Hermes Inc., Emerald Mutual Fund Advisers Trust, Kornitzer Capital Management Inc. KS, and RMB Capital Management LLC. Company insiders that have sold Palomar company stock in the last year include Andrew T Robinson, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Robert E Dowdell, T Christopher Uchida, and Vi Gp Aiv Ltd Genstar.
View insider buying and selling activity for Palomar
.

Which major investors are buying Palomar stock?

PLMR stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Royce & Associates LP, BP PLC, Ziegler Capital Management LLC, Artemis Investment Management LLP, JPMorgan Chase & Co., Jupiter Asset Management Ltd., and State Street Corp.
View insider buying and selling activity for Palomar
.

How do I buy shares of Palomar?

Shares of PLMR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Palomar's stock price today?

One share of PLMR stock can currently be purchased for approximately $69.75.

How big of a company is Palomar?

Palomar has a market capitalization of $1.78 billion and generates $113.30 million in revenue each year. The company earns $10.62 million in net income (profit) each year or $1.73 on an earnings per share basis. Palomar employs 77 workers across the globe.

What is Palomar's official website?

The official website for Palomar is www.palomarspecialty.com.

How can I contact Palomar?

Palomar's mailing address is 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037. The company can be reached via phone at 619-567-5290 or via email at [email protected]

This page was last updated on 11/23/2020 by MarketBeat.com Staff

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