LA JOLLA, Calif., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $35.0 million, or $1.29 per diluted share, for the fourth quarter of 2024 compared to net income of $25.9 million, or $1.02 per diluted share, for the fourth quarter of 2023. Adjusted net income(1) was $41.3 million, or $1.52 per diluted share, for the fourth quarter of 2024 as compared to $28.0 million, or $1.11 per diluted share, for the fourth quarter of 2023. Fourth Q ...

LA JOLLA, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its fourth quarter and full year 2024 results after the market close on Wednesday, February 12, 2025, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Thursday, February 13, 2025. The conference call can be accessed live by dialing 1-877-423-9813 or for international callers, 1-201-689-8573, and requesting to be joined to the Palomar Fo ...

The market expects Palomar (PLMR) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, t ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Sco ...

Palomar Holdings, Inc. (PLMR) has been trading above its 50-day simple moving average (SMA), signaling a short-term bullish trend. Its share price, as of Jan. 15, 2025, was $107.11, down 5.1% from its 52-week high of $112.90.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend.With a market capitalization of $2.83 billion, Palomar is set to gain from new business, s ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

LA JOLLA, Calif., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar” or the “Company”) today announced the completion of the Company’s acquisition of First Indemnity of America Insurance Company (“FIA”), effective January 1, 2025. “I am very excited to announce the completion of our acquisition of FIA and to welcome FIA’s management team, employees and insureds to Palomar,” commented Mac Armstrong, Palomar’s Chairman and Chief Executive Officer. “This transaction provides us ...

Core Viewpoint - Palomar Holdings, Inc. (PLMR) has demonstrated significant stock performance, rallying 102.1% year to date, outperforming the industry and broader market indices [1][2]. Company Performance - PLMR shares closed at $112.17, close to its 52-week high of $112.47, indicating strong investor confidence and potential for further price appreciation [3]. - The company has consistently beaten earnings estimates over the last four quarters, with an average surprise of 14.90% [3]. - The Zacks Consensus Estimate for PLMR's 2024 earnings per share indicates a year-over-year increase of 30.3%, with revenues projected to grow by 44.2% to $537.83 million [6]. Growth Drivers - Key factors driving PLMR's stock performance include new business generation, strong premium retention rates, effective pricing strategies, and capital deployment [4]. - The company has a strong growth score of A, reflecting its favorable growth prospects [7]. - PLMR's return on equity (ROE) was 20.8% in the first nine months of 2024, significantly higher than the industry average of 7.6% [8]. Financial Health - PLMR maintains a debt-free balance sheet and expects to generate adjusted net income between $124 million and $128 million in 2024, despite anticipated catastrophe losses [12]. - The company has a combined ratio under 95% since 2017, indicating prudent underwriting practices [11]. Market Position - PLMR is trading above its 50-day and 200-day moving averages, suggesting solid upward momentum [5]. - The company is expected to benefit from increased policy volumes and strategic expansion in its product offerings [9]. Investment Outlook - High-quality fixed-income securities and a higher average balance of investments are expected to improve net investment income, which has seen a five-year CAGR of 49% [10].

Core Insights - The article emphasizes the importance of utilizing Zacks Premium services to enhance stock market investment strategies and confidence for both new and experienced investors [1][2] Zacks Style Scores - Zacks Style Scores are indicators designed to help investors select stocks with the highest potential to outperform the market within a 30-day timeframe, rated from A to F based on value, growth, and momentum [3] - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, and Price/Sales [4] - The Growth Score assesses a company's financial health and future outlook, analyzing projected and historical earnings, sales, and cash flow [5] - The Momentum Score identifies stocks with favorable price trends, utilizing short-term price changes and earnings estimate revisions [6] - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors seeking attractive value, growth, and momentum [7] Zacks Rank - The Zacks Rank is a proprietary stock-rating model that uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8][9] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential returns [11] Company Spotlight: Palomar Holdings, Inc. - Palomar Holdings, Inc., founded in 2014 and headquartered in La Jolla, CA, operates as an insurance holding company [14] - Currently rated 3 (Hold) on the Zacks Rank, Palomar has a VGM Score of B and a Growth Style Score of A, indicating a projected year-over-year earnings growth of 30.4% for the current fiscal year [15] - Recent analyst revisions have positively impacted earnings estimates, with the Zacks Consensus Estimate rising to $4.81 per share, alongside an average earnings surprise of 14.9% [15][16]

It has been about a month since the last earnings report for Palomar (PLMR) . Shares have added about 19.8% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Palomar due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Palomar Q3 Earnings, Revenues Top Estimates on Highe ...