PLMR Stock Near 52-Week High: Should You Add it to Your Portfolio Now?

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 ...