PLMR Stock Outperforms Industry, Trades at a Premium: Should You Buy?

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. ...