After reaching an important support level, Palomar (PLMR) could be a good stock pick from a technical perspective. PLMR surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Like other SMAs, if a st ...

Palomar (PLMR) shares ended the last trading session 9.2% higher at $143.13. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.1% loss over the past four weeks.PLMR's shares surged in response to the broader market rally after President Trump announced a 90-day pause of reciprocal tariffs for most countries.This insurance holding company is expected to post quarterly earnings of $1.61 per share in its upcoming repo ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Palomar (PLMR) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.Palomar is a member of the Finance sector. This group includes 859 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank gauges the strength of our 16 individual secto ...

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Palomar currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> Set to Beat the Market? Momentum investing revolves around the idea ...

LA JOLLA, Calif., March 20, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or the “Company”) today announced that it has entered into a definitive agreement to acquire Advanced AgProtection (“AAP”). Advanced AgProtection is a Texas-headquartered specialized Crop Managing General Agent. The AAP team is comprised of industry veterans with longstanding relationships and a proven track record in the Crop insurance sector. Palomar made a strategic investment in AAP in 2023 at the launch ...

It has been about a month since the last earnings report for Palomar (PLMR) . Shares have added about 1.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Palomar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turns out ...

Palomar Holdings (PLMR) shares are trading at a premium to the Zacks Property and Casualty insurance industry. Its price-to-earnings of 4.58X is higher than the industry average of 1.5X.With a capitalization of $3.4 billion, the average number of shares traded in the last three months was 0.2 million.   Image Source: Zacks Investment ResearchShares of other insurers like Horace Mann Educators (HMN) , Lemonade (LMND) and Employers Holdings Inc. (EIG) are trading at a multiple lower than the industry average. ...

Core Points - Palomar Holdings, Inc. will host an Investor Day on March 20, 2025, in New York City, featuring a presentation by Chairman and CEO Mac Armstrong and the senior leadership team [1][2] - The event will provide a comprehensive overview of Palomar's business, focusing on specialty products, operations, and the Palomar 2X philosophy [2] - The presentation will be available via webcast, with a replay accessible later on the company's Investor Relations website [3] Company Overview - Palomar Holdings, Inc. is a holding company for several subsidiaries, including Palomar Specialty Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd., among others [4] - The company operates in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop [4] - Palomar's insurance subsidiaries have a financial strength rating of "A" (Excellent) from A.M. Best [4]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates involves significant risk and volatility [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - Palomar (PLMR) is highlighted as a recommended stock with a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is crucial for attracting investor interest, with double-digit growth being particularly favorable [3] - Palomar's historical EPS growth rate is 46.3%, with projected EPS growth of 28.5% this year, significantly surpassing the industry average of 3.1% [4] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, enabling them to fund new projects without external financing [5] - Palomar's year-over-year cash flow growth is 45.1%, well above the industry average of 15.6% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 34.3%, compared to the industry average of 12.3% [6] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with stock price movements [7] - The Zacks Consensus Estimate for Palomar's current-year earnings has increased by 10.4% over the past month [8] Group 5: Overall Assessment - Palomar has achieved a Growth Score of B and a Zacks Rank 1 due to positive earnings estimate revisions, indicating it is a potential outperformer for growth investors [10]

Reinsurance and Catastrophe Coverage - The company's reinsurance coverage currently exhausts at $3.08 billion for earthquake events, $735 million for Hawaii hurricane events, and $117.5 million for continental U.S. hurricane events[136]. - The company's catastrophe event retention is currently $20 million for earthquake events and $15.5 million for hurricane events and all other perils[136]. - As of December 31, 2024, the company had $395.2 million of aggregate reinsurance recoverables[138]. - The company closed a $400 million catastrophe bond effective June 1, 2021, and a $275 million catastrophe bond effective June 1, 2022, among others, to enhance its reinsurance coverage[149]. - The company may seek similar catastrophe bond offerings in the future, but there is no assurance that it will be able to complete such offerings on acceptable terms[150]. - The company is exposed to significant risks from unpredictable catastrophe events, which could materially adversely affect its business and financial condition[134]. - The company may be unable to purchase third-party reinsurance or expand its catastrophe coverage on commercially acceptable terms, which could adversely affect its business[146]. - The reinsurance market is cyclical, and hard market cycles may increase the cost of reinsurance or limit the amount of reinsurance the company can purchase[148]. Financial Performance and Growth - Total assets increased to $2,262,220,000 in 2024 from $1,708,022,000 in 2023, representing a growth of 32.4%[504]. - Gross written premiums rose to $1,541,962,000 in 2024, up 35.1% from $1,141,558,000 in 2023[506]. - Net income for 2024 reached $117,573,000, a 48.3% increase compared to $79,201,000 in 2023[506]. - Net earned premiums increased to $510,687,000 in 2024, up 47.5% from $345,913,000 in 2023[506]. - Total revenues grew to $553,863,000 in 2024, a 47.3% increase from $375,926,000 in 2023[506]. - Cash and cash equivalents increased to $80,438,000 in 2024 from $51,546,000 in 2023, reflecting a growth of 55.9%[504]. - Total liabilities rose to $1,533,190,000 in 2024, up from $1,236,770,000 in 2023, an increase of 24.0%[504]. - Stockholders' equity increased to $729,030,000 in 2024, a significant rise from $471,252,000 in 2023, representing a growth of 54.6%[504]. - Basic earnings per share improved to $4.61 in 2024, compared to $3.19 in 2023, marking a 44.5% increase[506]. - The company issued 1,380,000 shares in a stock offering, raising $115,724,000 net of offering costs[509]. Risk Management and Operational Challenges - The company’s loss reserves are established based on estimates, which may be inadequate to cover actual incurred losses, potentially impacting its financial condition[139]. - The company relies on a select group of brokers and program administrators, and such relationships may not continue, posing a risk to its operations[130]. - The company faces intense competition from larger specialty and standard insurance companies, which may impact its market position and pricing strategies[177][180]. - The company's risk management approach relies on subjective variables and third-party data, which introduces significant uncertainties in estimating probable maximum losses[155][159]. - The company is exposed to potential losses from pandemics and public health crises, which could adversely affect operational and financial performance[164][165]. - Changes in estimates or assumptions used in risk models could lead to actual losses being materially higher than expected, impacting financial results[155][159]. - The company’s business practices and financial strength rating could be adversely affected by unfavorable market trends or regulatory changes[162][163]. - The concentration of business in California increases exposure to regulatory and economic risks, which could lead to significant premium reductions or increased loss exposure[166]. - The company relies on accurate renewals of existing policies for future written premiums, which could be adversely affected if actual renewals do not meet expectations[181]. - The company must evaluate and pay claims accurately and timely; failure to do so could lead to regulatory actions and adversely affect financial condition[182]. Regulatory and Compliance Issues - The company is subject to extensive regulations in multiple states, which could impose penalties and affect financial condition if compliance is not maintained[228]. - Risk-based capital requirements are in place for the company's U.S. insurance subsidiaries, and failure to meet these could lead to regulatory actions[232]. - The company may face additional government regulations related to cybersecurity, which could adversely impact operations[237]. - Legislative changes regarding premium refunds or extended grace periods could significantly increase expenses and decrease short-term revenues, impacting liquidity[238]. - The company is required to comply with the NAIC's Insurance Data Security Model Law, which mandates the establishment of a cybersecurity program and related policies[239]. - The company is subject to various legal and regulatory challenges, which could lead to significant expenses and impact business operations[249]. - The company’s financial results may be materially affected by changes in accounting practices and the implementation of new regulations[254]. - The company is subject to insurance laws in Oregon, California, and Arizona, which require state insurance commissioner approval for any acquisition of 10% or more of its voting stock, potentially delaying or deterring changes in control[264]. Investment and Market Risks - The company’s investment portfolio, valued at $40.5 million as of December 31, 2024, is subject to various market risks that could adversely affect financial results[209]. - The company is exposed to market risks, including equity price risk and interest rate risk, but does not have significant exposure to foreign currency exchange rate risk or commodity risk[472]. - As of December 31, 2024, the estimated fair value of the fixed maturities portfolio was $939.0 million, with a potential 3.7% decline in value for a 100-basis point increase in interest rates[477]. - Approximately 73.5% of the fixed maturity portfolio is rated "A−" or better, with only 1.3% rated below investment grade[474]. - The estimated fair value of equity securities was $40.5 million, primarily consisting of exchange-traded funds tracking the U.S. stock market[478]. - The company manages interest rate risk through disciplined asset/liability matching and capital management processes[476]. - The company anticipates that substantial future increases in inflation could lead to higher interest rates, negatively affecting the market value of the investment portfolio[480]. Operational and Technological Risks - The company relies heavily on information technology and telecommunications systems for underwriting, claims processing, and financial reporting, with potential risks from system failures due to various external events[216]. - Remote work increases the operational risk associated with the company's information technology systems, necessitating reliable performance[217]. - Cybersecurity threats are evolving, and the company faces risks from potential breaches that could lead to operational disruptions and reputational damage[220]. - The company incurs significant costs as a public entity, including compliance with the Sarbanes-Oxley Act, which diverts management's attention from revenue-generating activities[256]. - The company must maintain effective internal controls over financial reporting as required by Section 404 of the Sarbanes-Oxley Act, with potential consequences for non-compliance[261]. - The company may face increased operational costs due to evolving disclosure requirements related to climate change and other regulations[257]. Capital and Financing - The company may require additional capital in the future, which could be unavailable or only available on unfavorable terms, impacting operations[187]. - The company reported a net cash provided by financing activities of $73,774, a turnaround from a net cash used of $3,940 in the previous year[511]. - Future capital-raising transactions could negatively impact the company's stock price, as substantial sales of common stock may lower market value[266]. - The ability to pay dividends is restricted by state insurance laws, and the company does not intend to declare cash dividends in the foreseeable future[246]. - The company faces potential impacts from changes in tax laws, which could increase tax expenses and affect profitability[242].