PLMR RSI Chart
Last 7 days
3.9%
Last 30 days
13.3%
Last 90 days
17.5%
Trailing 12 Months
71.0%
Historical Charts for Stock Metrics
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 |
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
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 DetailsDatesorted 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 | -% |
Unveiling Palomar Holdings Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
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 | -5.4K | 851.43 | ||||
AJG | 56.3B | 10.6B | 51.57 | 5.3 | ||||
AIG | 53.5B | 48.4B | 11.07 | 1.1 | ||||
TRV | 50.3B | 42.9B | 16.03 | 1.17 | ||||
AFL | 50.2B | 19.3B | 9.39 | 2.6 | ||||
ACGL | 37.9B | 14.4B | 7.82 | 2.63 | ||||
AFG | 11.2B | 8.0B | 12.7 | 1.4 | ||||
MID-CAP | ||||||||
UNM | 10.1B | 12.6B | 7.61 | 0.8 | ||||
AIZ | 9.1B | 11.4B | 11.93 | 0.8 | ||||
LNC | 5.1B | 11.9B | 3.81 | 0.43 | ||||
AEL | 3.9B | 3.2B | 5.55 | 1.23 | ||||
SMALL-CAP | ||||||||
BRP | 2.0B | 1.3B | -37.13 | 1.59 | ||||
AMSF | 887.3M | 308.9M | 14.38 | 2.87 | ||||
AMBC | 818.6M | 314.0M | 14.24 | 2.61 | ||||
AAME | 35.5M | 187.5M | -49.09 | 0.19 |
Palomar Holdings Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
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 | ||||||||||||||||||||||
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 (Quarterly) | ||||||||||||||||||||||
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 | - | - | - | - | - | - | - | - | - | - | - | - |
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 | ||
|
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 |