Palomar

PLMR

Market cap $3.48B

The average of price targets set by Wall Street analysts indicates a potential upside of 26.3% in Palomar (PLMR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

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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.

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Zacks Property and Casualty Insurance players like RNR, AXS, FAF, MCY and PLMR are likely to benefit from digitalization and catastrophes that drive policy renewal rate and pricing.

Palomar Holdings rides on a fee-based platform, rising crop premiums, Surety expansion and a debt-free balance sheet backed by a strong reinsurance strategy.

Given the prospects of the Property and Casualty Insurance industry, MCY, FAF and PLMR have the potential to generate better returns than other players.

Let's see how AXS and PLMR fare in terms of some of the key metrics.

The average of price targets set by Wall Street analysts indicates a potential upside of 35.8% in Palomar (PLMR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.