Palomar Holdings, Inc., an insurance holding company, offers specialized property insurance to residential and commercial clients. The company is headquartered in La Jolla, California.
| Revenue (TTM) | $1.09B |
| Gross Profit (TTM) | $298.53M |
| EBITDA | $289.50M |
| Operating Margin | 23.80% |
| Return on Equity | 22.20% |
| Return on Assets | 4.99% |
| Revenue/Share (TTM) | $41.16 |
| Book Value | $37.46 |
| Price-to-Book | 3.41 |
| Price-to-Sales (TTM) | 3.39 |
| EV/Revenue | 3.271 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | 15.50% |
| Quarterly Revenue Growth (YoY) | 54.70% |
| Shares Outstanding | $26.50M |
| Float | $25.61M |
| % Insiders | 2.75% |
| % Institutions | 99.89% |
Volatility is currently contracting
Palomar (PLMR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Palomar Holdings remains a "Buy" as earthquake insurance demand rises and AI initiatives accelerate operational efficiency. California's low-teens earthquake insurance penetration signals significant growth potential for PLMR amid heightened seismic awareness. Appointment of a Head of AI and successful AI-driven platforms like PLMR.Farm are expected to improve loss ratios and reduce underwriting expenses.
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Palomar (PLMR) is well positioned to outperform the market, as it exhibits above-average growth in financials.
KNSL, RLI, PLMR and SKWD are positioned to tap rising specialty insurance demand as the market heads toward $279 billion by 2031.
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Palomar (PLMR) possesses solid growth attributes, which could help it handily outperform the market.
From a technical perspective, Palomar (PLMR) is looking like an interesting pick, as it just reached a key level of support. PLMR recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
Palomar Holdings' Gray Surety acquisition is accelerating diversification, adding scale and national distribution while strengthening its long-term growth strategy.
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