Palomar (PLMR)

• Market cap: $2.87B
• 1 day: -0.66%
• 5 days: -0.25%
• 1 month: 22.43%
• 3 months: 10.41%
• 6 months: 27.95%
• Year to date: 91.12%
• 1 year: 71.51%
• 5 years: 115.54%
• 10 years: 470.35%
• Sector: Financials
• Industry: Fire, Marine & Casualty Insurance

About: Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. It offers specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.

Employees: 213

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

235% more call options, than puts

Call options by funds: $3.9M | Put options by funds: $1.16M

205% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 22

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

63% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 64

22% more capital invested

Capital invested by funds: $1.85B [Q2] → $2.26B (+$408M) [Q3]

20% more funds holding

Funds holding: 227 [Q2] → 272 (+45) [Q3]

0.27% less ownership

Funds ownership: 91.49% [Q2] → 91.22% (-0.27%) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $100 8% downside
• Avg. target: $111 2% upside
• High target: $120 11% upside

4 analyst ratings

• positive: 3 75%
• neutral: 1 25%
• negative: 0 0%

Keefe, Bruyette & Woods Meyer Shields 78% 1-year accuracy 46 / 59 met price target	11% upside $120	Outperform Maintained	8 Nov 2024
Piper Sandler Paul Newsome 90% 1-year accuracy 18 / 20 met price target	2% upside $110	Overweight Maintained	8 Nov 2024
JP Morgan Pablo Singzon 100% 1-year accuracy 2 / 2 met price target	8% downside $100	Neutral Maintained	7 Nov 2024
Jefferies Andrew Andersen 100% 1-year accuracy 2 / 2 met price target	4% upside $113	Buy Maintained	9 Oct 2024