PLMR - Palomar Holdings Inc Stock Price, Fair Value and News

87.10USD+1.80 (+2.11%)Delayed

Market Summary

USD87.10+1.80

Delayed

2.11%

PLMR Alerts

1 major insider buys and 2 major insider sales recently.

Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

PLMR Stock Price

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PLMR RSI Chart

PLMR Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

24.59

Price/Sales (Trailing)

5.36

EV/EBITDA

17.1

Price/Free Cashflow

16.47

PLMR Price/Sales (Trailing)

PLMR Profitability

EBT Margin

28.47%

Return on Equity

17.6%

Return on Assets

4.68%

Free Cashflow Yield

6.07%

PLMR Fundamentals

PLMR Revenue

Revenue (TTM)

405.3M

Rev. Growth (Yr)

32.88%

Rev. Growth (Qtr)

12.47%

PLMR Earnings

Earnings (TTM)

88.3M

Earnings Growth (Yr)

52.38%

Earnings Growth (Qtr)

1.88%

Breaking Down PLMR Revenue

Last 7 days

3.9%

Last 30 days

13.3%

Last 90 days

17.5%

Trailing 12 Months

71.0%

How does PLMR drawdown profile look like?

PLMR Financial Health

PLMR Investor Care

Shares Dilution (1Y)

0.26%

Diluted EPS (TTM)

3.49

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	405.3M	0	0	0
2023	338.2M	348.9M	359.2M	375.9M
2022	276.7M	298.6M	311.6M	327.1M
2021	179.7M	194.3M	216.9M	247.8M
2020	129.0M	146.3M	160.8M	168.5M
2019	76.8M	82.8M	94.3M	113.3M
2018	62.8M	66.2M	69.6M	73.0M
2017	0	0	0	59.5M
2016	0	0	0	42.7M

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Palomar Holdings Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 07, 2024	bradley thomas a	bought	84,323	84.3236	1,000	-
Apr 22, 2024	armstrong mac	sold	-560,240	80.0342	-7,000	ceo and chairman
Apr 17, 2024	uchida t christopher	acquired	15,000	15.00	1,000	chief financial officer
Apr 17, 2024	uchida t christopher	sold	-76,296	76.296	-1,000	chief financial officer
Apr 17, 2024	christianson jon	sold	-152,595	76.2974	-2,000	president
Mar 21, 2024	armstrong mac	sold	-578,316	82.6166	-7,000	ceo and chairman
Mar 14, 2024	christianson jon	sold	-820,884	82.0884	-10,000	president
Mar 14, 2024	uchida t christopher	sold	-204,970	81.9882	-2,500	chief financial officer
Mar 12, 2024	uchida t christopher	sold	-74,000	74.00	-1,000	chief financial officer
Mar 11, 2024	uchida t christopher	acquired	15,000	15.00	1,000	chief financial officer

Which funds bought or sold PLMR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	COMERICA BANK	reduced	-17.91	710,444	3,670,870	0.02%
May 16, 2024	Beacon Capital Management, LLC	new	-	922	922	-%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.2	624,520	2,070,520	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-76.13	-666,922	376,145	-%
May 15, 2024	Point72 Asset Management, L.P.	reduced	-90.41	-1,286,090	217,958	-%
May 15, 2024	BARCLAYS PLC	reduced	-32.3	49,000	2,250,000	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	added	9.05	3,570,700	9,088,510	-%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	added	101	1,673,890	2,495,790	0.01%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO	unchanged	-	67,000	198,000	-%
May 15, 2024	Squarepoint Ops LLC	new	-	1,292,490	1,292,490	-%

Are Funds Buying or Selling PLMR?

Are funds buying PLMR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own PLMR

No. of Funds

PLMR Alerts

1 major insider buys and 2 major insider sales recently.
Big jump in Revenue (Y/Y)
Big jump in Earnings (Y/Y)

Unveiling Palomar Holdings Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	champlain investment partners, llc	5.14%	1,271,180	SC 13G
Feb 13, 2024	vanguard group inc	9.55%	2,363,067	SC 13G/A
Jan 22, 2024	blackrock inc.	16.2%	4,015,733	SC 13G/A
Feb 10, 2023	amundi	0.0%	914	SC 13G/A
Feb 09, 2023	vanguard group inc	9.02%	2,276,208	SC 13G/A
Jan 23, 2023	blackrock inc.	15.3%	3,868,622	SC 13G/A
Feb 14, 2022	amundi	5.5%	1,393,097	SC 13G/A
Jan 27, 2022	blackrock inc.	14.2%	3,601,274	SC 13G/A
Jan 26, 2022	blackrock inc.	14.2%	3,601,274	SC 13G/A
Feb 16, 2021	amundi	5.0%	1,275,179	SC 13G

Recent SEC filings of Palomar Holdings Inc

View All Filings

Date Filed	Form Type	Document
May 17, 2024	4	Insider Trading
May 16, 2024	4	Insider Trading
May 13, 2024	8-K	Current Report
May 08, 2024	4	Insider Trading
May 03, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 24, 2024	4	Insider Trading
Apr 22, 2024	144	Notice of Insider Sale Intent
Apr 18, 2024	4	Insider Trading
Apr 18, 2024	4	Insider Trading

Peers (Alternatives to Palomar Holdings Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

Palomar Holdings Inc News

Latest updates

Palomar Holdings Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	12.5%	119	105	91.00	90.00	89.00	89.00	81.00	80.00	78.00	73.00	68.00	58.00	49.00	42.00	45.00	43.00	38.00	35.00	30.00	26.00	22.00
EBITDA Margin	2.2%	0.30*	0.30*	0.29*	0.24*	0.23*	0.22*	0.22*	0.21*	0.22*	0.25*	0.16*	0.07*	-	-	-	-	-	-	-	-	-
Interest Expenses	-10.1%	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	1.00	0.00
Income Taxes	5.4%	8.00	8.00	6.00	5.00	5.00	6.00	1.00	4.00	5.00	5.00	-0.12	3.00	3.00	-0.56	-6.16	3.00	3.00	4.00	2.00	2.00	0.00
Earnings Before Taxes	2.7%	34.00	33.00	25.00	23.00	23.00	25.00	5.00	18.00	19.00	21.00	0.00	16.00	20.00	-2.40	-21.84	15.00	15.00	14.00	9.00	8.00	-14.27
EBT Margin	3.3%	0.28*	0.28*	0.26*	0.22*	0.21*	0.21*	0.21*	0.20*	0.20*	0.23*	0.15*	0.06*	-	-	-	-	-	-	-	-	-
Net Income	1.9%	26.00	26.00	18.00	18.00	17.00	19.00	4.00	15.00	15.00	17.00	0.00	12.00	17.00	-1.85	-15.68	12.00	12.00	11.00	7.00	7.00	-14.41
Net Income Margin	3.4%	0.22*	0.21*	0.20*	0.17*	0.16*	0.16*	0.16*	0.15*	0.16*	0.19*	0.13*	0.06*	-	-	-	-	-	-	-	-	-
Free Cashflow	48.7%	33.00	22.00	71.00	6.00	17.00	75.00	12.00	33.00	49.00	51.00	44.00	6.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	10.3%	1,885	1,708	1,626	1,546	1,441	1,306	1,216	1,051	957	926	877	830	826	729	700	584	444	395	373	349	246
Cash Equivalents	19.1%	61.00	52.00	53.00	58.00	80.00	68.00	30.00	37.00	47.00	4.00	42.00	26.00	24.00	7.00	14.00	110	24.00	33.00	17.00	15.00	11.00
Net PPE	-16.4%	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Liabilities	11.8%	1,383	1,237	1,205	1,133	1,036	922	849	673	577	532	499	453	449	365	338	209	183	177	164	150	144
Shareholder's Equity	6.5%	502	471	421	414	405	385	368	378	380	394	378	377	376	364	362	375	261	219	208	200	102
Retained Earnings	18.2%	171	145	119	107	98.00	88.00	80.00	79.00	72.00	70.00	53.00	53.00	57.00	40.00	42.00	58.00	46.00	34.00	23.00	16.00	9.00
Additional Paid-In Capital	1.9%	357	351	346	341	337	334	330	326	322	319	316	314	313	311	310	308	216	180	180	179	92.00
Shares Outstanding	0.6%	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	26.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,408	-	-	-	1,564	-	-	-	1,823	-	-	-	2,054	-	-	-	175	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	48.7%	33,125	22,270	70,633	5,766	17,437	75,039	11,745	33,609	49,190	50,784	44,097	5,987	-13,054	13,323	19,671	2,695	21,804	8,852	18,766	14,436	2,457
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	-	938	710	551	464	442	426	410	306	22,961
Cashflow From Investing	32.9%	-16,331	-24,322	-51,249	-19,007	-33,900	-35,385	-19,925	-46,479	-55,018	-42,383	-28,999	11,378	1,816	5,966	-116,293	-8,184	-66,874	7,596	-16,733	-77,870	3,630
Cashflow From Financing	-1217.2%	-6,882	616	-24,700	-8,515	28,659	-1,034	1,216	2,438	2,397	336	917	-15,594	1,300	301	876	91,272	35,880	-1.00	-12.00	67,424	-5,120
Buy Backs	-100.0%	-	132	6,570	8,738	6,826	11,142	3,000	7,284	12,989	-	-	-	-	-	-	-	-	-	-	-	-

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PLMR Income Statement

2024-03-31

Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2024

Mar. 31, 2023

Revenues:

Gross written premiums

^[1]

$ 368,078

$ 250,112

Ceded written premiums

(228,171)

(170,344)

Net written premiums

139,907

79,768

Change in unearned premiums

(32,041)

3,473

Net earned premiums

107,866

83,241

Net investment income

7,139

5,120

Net realized and unrealized gains on investments

3,002

146

Commission and other income

528

695

Total revenues

118,535

89,202

Expenses:

Losses and loss adjustment expenses

26,837

20,652

Acquisition expenses, net of ceding commissions and fronting fees

31,798

25,679

Other underwriting expenses

24,804

19,222

Interest expense

740

1,020

Total expenses

84,179

66,573

Income before income taxes

34,356

22,629

Income tax expense

7,974

5,316

Net income

26,382

17,313

Other comprehensive income, net:

Net unrealized (losses) gains on securities available for sale

(2,514)

5,474

Net comprehensive income

$ 23,868

$ 22,787

Per Share Data:

Basic earnings per share (in dollars per share)

$ 1.06

$ 0.69

Diluted earnings per share (in dollars per share)

$ 1.04

$ 0.68

Weighted-average common shares outstanding:

Basic (in shares)

24,862,367

24,969,703

Diluted (in shares)

25,468,564

25,442,902

[1]

Beginning in 2024, the Company has updated the categorization of its products to align with management's current strategy and view of the business. Prior year amounts have been reclassified for comparability purposes. The recategorization is for presentation purposes only and does not impact overall gross written premiums.

PLMR Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investments:
Fixed maturity securities available for sale, at fair value (amortized cost: $697,505 in 2024; $675,130 in 2023)	$ 662,992	$ 643,799
Equity securities, at fair value (cost: $32,785 in 2024; $43,003 in 2023)	37,171	43,160
Equity method investment	2,597	2,617
Other investments	1,871	0
Total investments	704,631	689,576
Cash and cash equivalents	61,387	51,546
Restricted cash	377	306
Accrued investment income	5,192	5,282
Premiums receivable	322,723	261,972
Deferred policy acquisition costs, net of ceding commissions and fronting fees	66,508	60,990
Reinsurance recoverable on paid losses and loss adjustment expenses	28,542	32,172
Reinsurance recoverable on unpaid losses and loss adjustment expenses	292,024	244,622
Ceded unearned premiums	298,975	265,808
Prepaid expenses and other assets	82,679	72,941
Deferred tax assets, net	9,408	10,119
Property and equipment, net	312	373
Goodwill and intangible assets, net	11,926	12,315
Total assets	1,884,684	1,708,022
Liabilities:
Accounts payable and other accrued liabilities	39,637	42,376
Reserve for losses and LAE gross of reinsurance recoverables on unpaid losses and LAE at end of period	402,187	342,275
Unearned premiums	662,307	597,103
Ceded premium payable	215,329	181,742
Funds held under reinsurance treaty	13,716	13,419
Income taxes payable	6,850	7,255
Borrowings from credit agreements	43,000	52,600
Total liabilities	1,383,026	1,236,770
Stockholders' equity:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 24,921,060 and 24,772,987 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	3	3
Additional paid-in capital	357,135	350,597
Accumulated other comprehensive loss	(26,505)	(23,991)
Retained earnings	171,025	144,643
Total stockholders' equity	501,658	471,252
Total liabilities and stockholders' equity	$ 1,884,684	$ 1,708,022

About Palomar Holdings Inc

Palomar Holdings, Inc., an insurance holding company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

CEO	Mr. D. McDonald Armstrong
WEBSITE	https://plmr.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	191

Palomar Holdings Inc Frequently Asked Questions

What is the ticker symbol for Palomar Holdings Inc? What does PLMR stand for in stocks?

PLMR is the stock ticker symbol of Palomar Holdings Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Palomar Holdings Inc (PLMR)?

As of Fri May 17 2024, market cap of Palomar Holdings Inc is 2.17 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of PLMR stock?

You can check PLMR's fair value in chart for subscribers.

What is the fair value of PLMR stock?

You can check PLMR's fair value in chart for subscribers. The fair value of Palomar Holdings Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Palomar Holdings Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for PLMR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Palomar Holdings Inc a good stock to buy?

The fair value guage provides a quick view whether PLMR is over valued or under valued. Whether Palomar Holdings Inc is cheap or expensive depends on the assumptions which impact Palomar Holdings Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for PLMR.

What is Palomar Holdings Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, PLMR's PE ratio (Price to Earnings) is 24.59 and Price to Sales (PS) ratio is 5.36. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. PLMR PE ratio will change depending on the future growth rate expectations of investors.