The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Commonwealth Bank of Australia Sponsored ADR is currently sporting a Zacks Rank of #2 (Buy). Another Finance stock, which has outperformed the sector so far this year, is Palomar (PLMR) . The stock has returned 46.5% year-to-date. Investors with an interest in Finance stocks should con ...

Tim Carter brings more than 20 years of executive leadership experience in human resources, operations, and sales functions. Mr. Carter has significant expertise in human capital optimization, talent acquisition and retention, learning and development, and inclusion and culture. Mr. Carter joins Palomar from LPL Financial, Inc. ("LPL") where he served for ten years as Senior Vice President, Human Resources and led talent acquisition, total rewards, and corporate real estate. Mr. Carter also launched LPL's c ...

"We are thrilled to welcome Tim and Rudy to Palomar as we expand our leadership team to effectively manage our profitable growth and execute our Palomar 2X strategy," commented Mac Armstrong, Palomar's Chairman and Chief Executive Officer. "Our ability to attract such accomplished executives like Rudy and Tim is a testament to not only our success to date but also and more importantly the opportunity that lays ahead. We believe Tim and Rudy's extensive experience will be invaluable as we continue to grow an ...

Understanding Beta For example, if the market offers a return of 20%, a stock with a beta of 3 will return 60%, which is overwhelming. Similarly, when the market slips 20%, the stock will sink 60%, which is devastating. Percentage Change in Price in the Last 4 Weeks Greater Than Zero: This ensures that the stocks saw positive price movement over the last month. Zacks Rank Equal to 1: Zacks Rank #1 (Strong Buy) stocks indicate that they will significantly outperform the broader U.S. equity market over the ne ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Palomar (PLMR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-todate performance in comparison to the rest of the Finance sector should help us answer this question. Palomar is one of 854 companies in the Finance group. The Finance group currently ...

Financial Sector Overview - The financial sector is currently the most represented sector on the Zacks Rank with 44 stocks, followed by the computer sector with 36 stocks [1] - Over the past year, the financial sector has been one of the top performers in the market, second only to the communications sector [2] Company Highlights Virtu Financial - Virtu Financial is a leading global market maker and financial technology firm established in 2008, providing liquidity and competitive pricing across various asset classes [3] - The company utilizes advanced technology for efficient trading solutions, focusing on low latency and high-speed execution, and offers analytics and execution services [4] - Analysts have raised earnings estimates for Virtu, resulting in a Zacks Rank 1 (Strong Buy) rating, with FY24 and FY25 earnings projected to grow by 27% and 13% YoY respectively [5][6] - Virtu has a dividend yield of 4.2% and trades at a one-year forward earnings multiple of 11.3x, aligning with its 10-year median [5][6] - The company has a PEG ratio of 0.5, indicating a deep discount based on its 3-5 year EPS growth forecast of 22.3% annually [8] Palomar Holdings - Palomar Holdings is a specialty property insurance company founded in 2014, focusing on tailored insurance solutions for earthquake, wind, and flood risks [9] - The company has a Zacks Rank 1 (Strong Buy) rating, with FY24 earnings estimates increasing by 8% in the last two months [11] - Sales are expected to grow significantly, with a projected YoY increase of 32% this year and 22.8% next year [11] - Palomar is currently trading at a one-year forward earnings multiple of 20.9x, which is below the industry average and its five-year median of 24.1x [14] StepStone Group - StepStone Group is a global private markets investment firm established in 2007, managing $156 billion in assets and specializing in customized investment solutions [16][17] - The firm has experienced a 21% annual growth in assets under management over the last five years and holds a Zacks Rank 1 (Strong Buy) rating [17] - Current year sales are expected to increase by 18.4% YoY, with EPS projected to grow by 40.5%, while next year's sales are anticipated to grow by 17.2% YoY and EPS by 22% [18] - StepStone Group has outperformed the market with a remarkable 112% increase in the last twelve months [19] Investment Considerations - For investors looking to diversify within the financial sector, Virtu Financial, Palomar Holdings, and StepStone Group present unique opportunities with strong growth projections and solid market performance [21]

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend. Palomar (PLMR) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PLMR broke through the 20-day moving average, which suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over ...

Core Viewpoint - Palomar (PLMR) is showing potential for investment due to its recent technical breakout and positive earnings estimate revisions [1][2][3] Technical Analysis - PLMR has recently broken out above the 50-day moving average, indicating a short-term bullish trend [1] - The stock has reached a key level of support, which is significant for traders and analysts [1] Performance Metrics - Over the past four weeks, PLMR has rallied by 6.7%, suggesting upward momentum [2] - The company currently holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence [2] Earnings Estimates - There have been 6 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, reinforcing the bullish outlook [2] - The consensus earnings estimate has also increased, further supporting the positive trend [2][3]

LA JOLLA, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) ("Palomar") today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will participate in the William Blair Growth Stock Conference at the Loews Chicago Hotel on Tuesday, June 4, 2024. In addition to participating in one-on-one investor meetings, management is scheduled to present at 8:00 am Central Time. Follow Palomar on LinkedIn: @PLMRInsurance Contact Media ...

Core Insights - Palomar Holdings, Inc. has increased its full year 2024 adjusted net income guidance to a range of $122 million to $128 million, up from the previous range of $113 million to $118 million due to successful reinsurance placements and improved terms [5]. Reinsurance Program Highlights - The company secured approximately $400 million of incremental limit to support its Earthquake franchise, bringing total reinsurance coverage to $3.06 billion for earthquake events, $735 million for Hawaii hurricane events, and $117.5 million for all continental U.S. hurricane events [2]. - Palomar's per occurrence event retention has been reduced to $15.5 million for hurricane events from $17.5 million the previous year, and $20 million for earthquake events, remaining within management's guidelines [3]. - A new catastrophe bond, Torrey Pines Re Series 2024-1, contributed $420 million to the $3.06 billion earthquake limit, marking the fifth Insurance Linked Securities (ILS) transaction sponsored by Palomar [4]. Management Commentary - The Chairman and CEO of Palomar expressed satisfaction with the reinsurance placement, noting that the terms and pricing were better than expected, which allowed for a reduction in hurricane event retention [5]. - The Chief Risk Officer highlighted the broad-based support from the reinsurance market, emphasizing the stability and predictability of the company's business mix and risk profile [6]. Company Overview - Palomar Holdings, Inc. operates through several subsidiaries, including Palomar Specialty Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd., and offers innovative specialty insurance across five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop [6].