Palomar (PLMR) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.89%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.12 per share when it actually produced earnings of $1.25, delivering a surprise of 11.61%.Over the last four quarters, th ...

LA JOLLA, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $30.5 million, or $1.15 per diluted share, for the third quarter of 2024 compared to net income of $18.4 million, or $0.73 per diluted share, for the third quarter of 2023. Adjusted net income(1) was $32.4 million, or $1.23 per diluted share, for the third quarter of 2024 as compared to $23.3 million, or $0.92 per diluted share, for the third quarter of 2023. Third Quarter ...

LA JOLLA, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the "Company") today announced that it will release its third quarter 2024 results after the market close on Monday, November 4, 2024, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Tuesday, November 5, 2024. The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689- 8573, and requesting to be joined to the Palomar Third Quarter 2024 Ear ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Palomar (PLMR) , which belongs to the Zacks Insurance - Property and Casualty industry. When looking at the last two reports, this insurance holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 15.04%, on average, in the last two quarters. For the most recent quarter, Palomar was expected to post e ...

NEW YORK, Oct. 10, 2024 /PRNewswire/ -- The Mechanic Group, a division of Specialty Program Group (SPG), is proud to announce the enhancement of its "Best In Class" Security Alarm & Investigator Program in partnership with Palomar Excess and Surplus Insurance Company (PESIC), a subsidiary of Palomar Holdings, Inc. (Palomar). PESIC has a financial strength rating of "A" (Excellent) from AM Best. This partnership strengthens The Mechanic Group's ability to deliver Best in Class General Liability and Umbrella ...

Shares of Palomar Holdings (PLMR) closed at $97.48 on Wednesday, near a 52-week high of $100.29. New business, strong premium retention rates for existing business and renewals of existing policies, better pricing and effective capital deployment are driving shares higher. Shares of PLMR have gained 20% in the past three months, outperforming the industry's growth of 11.1%, the Finance sector's increase of 1.5% and the Zacks S&P 500 composite's increase of 3.8%. PLMR shares are trading well above the 50-day ...

Palomar (PLMR) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors ...

LA JOLLA, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the "Company") today announced that David Sapia has been appointed Executive Vice President, Head of E&S Casualty, effective September 9, 2024. David Sapia offers over 30 years of extensive expertise in casualty underwriting and field management, with a specialized focus on the E&S market. His experience in reinsurance and strategic casualty leadership equips him with a unique skill set to drive the expansion of the ...

It has been about a month since the last earnings report for Palomar (PLMR) . Shares have added about 5.5% in that time frame, underperforming 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 its most recent earnings report in order to get a better handle on the important drivers. Palomar Q2 Earnings Top Estimates on Improved Premiu ...

Palomar Holdings, Inc.'s (PLMR) shares have surged 91% in a year compared with the industry's growth of 28.7%. The Finance sector and the Zacks S&P 500 composite have returned 26.7% and 24.4%, respectively, in the same time frame. With a market capitalization of $2.55 billion, the average volume of shares traded in the last three months was 0.17 million. PLMR Outperforms Industry, Sector, S&P 500 Image Source: Zacks Investment Research New business, strong retention rates, strategic expansion of products' g ...