Palomar Holdings (PLMR)
(Delayed Data from NSDQ)
$79.50 USD
-1.65 (-2.03%)
Updated Apr 26, 2024 04:00 PM ET
After-Market: $79.57 +0.07 (0.09%) 7:58 PM ET
2-Buy of 5 2
D Value B Growth C Momentum C VGM
Company Summary
Headquartered in La Jolla, CA, Palomar Holdings, Inc. formerly known as GC Palomar Holdings (GCPH), was officially founded in 2014 by acquiring Palomar Specialty Insurance Company (PSIC) from Pacific Indemnity Company in a stock purchase transaction. Palomar Holdings is an insurance holding company that was incorporated in Delaware in March 2019.
Palomar Holdings is a rapidly growing and profitable company focused on the provision of catastrophe insurance for personal and commercial property. It provides specialty property insurance products in their target markets to both individuals and businesses. Its products are distributed through multiple ...
Company Summary
Headquartered in La Jolla, CA, Palomar Holdings, Inc. formerly known as GC Palomar Holdings (GCPH), was officially founded in 2014 by acquiring Palomar Specialty Insurance Company (PSIC) from Pacific Indemnity Company in a stock purchase transaction. Palomar Holdings is an insurance holding company that was incorporated in Delaware in March 2019.
Palomar Holdings is a rapidly growing and profitable company focused on the provision of catastrophe insurance for personal and commercial property. It provides specialty property insurance products in their target markets to both individuals and businesses. Its products are distributed through multiple channels, including retail agents, program administrators, wholesale brokers and in partnership with other insurance companies. The market opportunity, its distinctive products and differentiated business model will enable the company to grow its business profitably.
Palomar is uniquely positioned to address over $30 billion of the $600 billion U.S. property and casualty insurance market. It has grown into the fifth largest writer of earthquake insurance in California.
The company’s wholly owned operating subsidiaries are Palomar Insurance Holdings, Inc. (PIH), which wholly owns Palomar Specialty Insurance Company (PSIC), Prospect General Insurance Agency, Inc. (PGIA) and Palomar Specialty Reinsurance Company Bermuda Ltd. (PSRE).
Its primary lines of business include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Commercial All Risk, Hawaii Hurricane and Residential Flood.
Residential and Commercial Earthquake products are priced at a granular level and offer flexible product features. Residential Earthquake products seek to expand the residential earthquake insurance market by attracting buyers who may not otherwise acquire protection.
For Commercial All Risk products, the company uses detailed technical analysis to identify a subset of target occupancies and developed a proprietary risk pricing methodology that will enable it to select and price risk appropriately.
Palomar has a single operating segment, the property and casualty insurance business. It offers primarily earthquake, wind, and flood insurance products.
General Information
Palomar Holdings, Inc
7979 IVANHOE AVENUE SUITE 500
LA JOLLA, CA 92037
Phone: 619-567-5290
Fax: 619-567-6954
Web: https://plmr.com
Email: investors@plmr.com
| Industry | Insurance - Property and Casualty |
| Sector | Finance |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Earnings Date | 5/2/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 0.92 |
| Current Year EPS Consensus Estimate | 4.31 |
| Estimated Long-Term EPS Growth Rate | NA |
| Earnings Date | 5/2/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 81.15 |
| 52 Week High | 86.26 |
| 52 Week Low | 46.09 |
| Beta | 0.21 |
| 20 Day Moving Average | 129,384.00 |
| Target Price Consensus | 88.67 |
| 4 Week | -3.20 |
| 12 Week | 37.50 |
| YTD | 46.22 |
| 4 Week | 0.75 |
| 12 Week | 33.62 |
| YTD | 38.15 |
| Shares Outstanding (millions) | 24.92 |
| Market Capitalization (millions) | 2,022.34 |
| Short Ratio | NA |
| Last Split Date | NA |
| Dividend Yield | 0.00% |
| Annual Dividend | $0.00 |
| Payout Ratio | 0.00 |
| Change in Payout Ratio | 0.00 |
| Last Dividend Payout / Amount | NA / $0.00 |
Fundamental Ratios
| P/E (F1) | 18.83 |
| Trailing 12 Months | 21.99 |
| PEG Ratio | NA |
| vs. Previous Year | 14.63% |
| vs. Previous Quarter | 17.50% |
| vs. Previous Year | 18.92% |
| vs. Previous Quarter | 15.90% |
| Price/Book | 4.25 |
| Price/Cash Flow | 23.72 |
| Price / Sales | 5.38 |
| 3/31/24 | NA |
| 12/31/23 | 19.35 |
| 9/30/23 | 19.71 |
| 3/31/24 | NA |
| 12/31/23 | 5.24 |
| 9/30/23 | 5.41 |
| 3/31/24 | NA |
| 12/31/23 | 0.49 |
| 9/30/23 | 0.49 |
| 3/31/24 | NA |
| 12/31/23 | 0.49 |
| 9/30/23 | 0.49 |
| 3/31/24 | NA |
| 12/31/23 | 22.02 |
| 9/30/23 | 22.29 |
| 3/31/24 | NA |
| 12/31/23 | 21.07 |
| 9/30/23 | 20.07 |
| 3/31/24 | NA |
| 12/31/23 | 27.57 |
| 9/30/23 | 26.50 |
| 3/31/24 | NA |
| 12/31/23 | 19.08 |
| 9/30/23 | 17.03 |
| 3/31/24 | NA |
| 12/31/23 | NA |
| 9/30/23 | NA |
| 3/31/24 | NA |
| 12/31/23 | 0.00 |
| 9/30/23 | 0.00 |
| 3/31/24 | NA |
| 12/31/23 | 0.00 |
| 9/30/23 | 0.00 |