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

81.38USD-0.43 (-0.53%)Market Closed

Market Summary

USD81.38-0.43

Market Closed

-0.53%

PLMR Alerts

3 major insider sales recently.

PLMR Stock Price

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PLMR RSI Chart

PLMR Valuation

Market Cap

2.0B

Price/Earnings (Trailing)

25.55

Price/Sales (Trailing)

5.38

EV/EBITDA

17.62

Price/Free Cashflow

17.43

PLMR Price/Sales (Trailing)

PLMR Profitability

EBT Margin

27.57%

Return on Equity

16.81%

Return on Assets

4.64%

Free Cashflow Yield

5.74%

PLMR Fundamentals

PLMR Revenue

Revenue (TTM)

375.9M

Rev. Growth (Yr)

18.92%

Rev. Growth (Qtr)

15.9%

PLMR Earnings

Earnings (TTM)

79.2M

Earnings Growth (Yr)

38.04%

Earnings Growth (Qtr)

40.49%

Breaking Down PLMR Revenue

Last 7 days

5.8%

Last 30 days

-1.0%

Last 90 days

35.6%

Trailing 12 Months

56.7%

How does PLMR drawdown profile look like?

PLMR Financial Health

PLMR Investor Care

Buy Backs (1Y)

0.46%

Diluted EPS (TTM)

3.13

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

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.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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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
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	uchida t christopher	sold	-204,970	81.9882	-2,500	chief financial officer
Mar 14, 2024	christianson jon	sold	-820,884	82.0884	-10,000	president
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
Mar 11, 2024	uchida t christopher	sold	-146,860	73.43	-2,000	chief financial officer

Which funds bought or sold PLMR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	FIFTH THIRD BANCORP	added	7.69	2,713	7,042	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-27.64	55,000	648,000	0.01%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.61	334,526	1,022,730	0.02%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	new	-	1,148,300	1,148,300	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	40.08	326,797	619,671	-%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-3.03	39,560	694,083	-%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.98	418,000	1,262,000	0.01%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-2.83	24,769,900	77,733,000	0.05%
Apr 19, 2024	Maryland State Retirement & Pension System	reduced	-0.85	179,280	678,114	0.01%
Apr 18, 2024	Diversified Trust Co	added	35.71	489,462	955,662	0.03%

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

3 major insider sales recently.

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
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
Apr 17, 2024	144	Notice of Insider Sale Intent
Apr 11, 2024	ARS	ARS
Apr 11, 2024	DEF 14A	DEF 14A
Apr 11, 2024	DEFA14A	DEFA14A
Mar 25, 2024	4	Insider Trading
Mar 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	1.0T	1.3B	-2.55%	3152.72%	-4.8K	761.86	-10.27%	-34.69%
AJG	51.3B	10.1B	-3.58%	14.29%	52.91	5.1	17.79%	-12.97%
AIG	51.1B	46.8B	-2.09%	47.18%	14.02	1.09	-14.05%	-64.38%
TRV	48.9B	42.9B	-5.35%	20.38%	15.57	1.14	13.52%	12.15%
AFL	48.6B	18.7B	-0.62%	28.14%	10.44	2.6	-2.30%	5.45%
ACGL	34.9B	13.6B	2.42%	28.38%	7.85	2.56	41.83%	201.02%
AFG	10.8B	7.8B	-3.33%	8.21%	12.73	1.39	11.18%	-5.12%
MID-CAP
UNM	10.0B	12.4B	-2.20%	29.55%	7.75	0.8	3.35%	-8.77%
AIZ	9.2B	11.1B	-2.47%	51.84%	14.32	0.83	9.21%	132.28%
LNC	4.9B	11.6B	-4.15%	40.05%	-6.46	0.42	-38.09%	-155.38%
AEL	4.4B	2.8B	-0.21%	50.85%	21.12	1.57	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-3.50%	9.50%	-18.22	1.35	24.25%	-115.79%
AMSF	974.4M	306.9M	3.35%	-3.65%	15.69	3.18	4.11%	11.70%
AMBC	657.1M	269.0M	-4.02%	-5.70%	146.03	2.44	-46.68%	-99.14%
AAME	39.0M	186.8M	-31.29%	-16.04%	-227.89	0.21	-0.56%	-111.21%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	15.9%	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	16.00
EBITDA Margin	-	0.30*	-	0.24*	0.23*	0.22*	0.22*	0.21*	0.22*	0.25*	0.16*	0.07*	0.08*	0.05*	-	-	-	-	-	-	-	-
Interest Expenses	-5.0%	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-	1.00	0.00	1.00
Income Taxes	23.9%	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	-0.01
Earnings Before Taxes	36.4%	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	4.00
EBT Margin	4.1%	0.28*	0.26*	0.22*	0.21*	0.21*	0.21*	0.20*	0.20*	0.23*	0.15*	0.06*	0.06*	-	-	-	-	-	-	-	-	-
Net Income	40.5%	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	4.00
Net Income Margin	5.0%	0.21*	0.20*	0.17*	0.16*	0.16*	0.16*	0.15*	0.16*	0.19*	0.13*	0.06*	0.06*	-	-	-	-	-	-	-	-	-
Free Cashflow	-68.5%	22.00	71.00	6.00	17.00	75.00	12.00	33.00	49.00	51.00	44.00	6.00	-13.10	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	5.0%	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	231
Cash Equivalents	-2.8%	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	10.00
Net PPE	-13.9%	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	1.00
Liabilities	2.6%	1,237	1,205	1,133	1,036	922	849	673	577	532	499	453	449	365	338	209	183	177	164	150	144	135
Shareholder's Equity	11.8%	471	421	414	405	385	368	378	380	394	378	377	376	364	362	375	261	219	208	200	102	96.00
Retained Earnings	21.7%	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	28.00
Additional Paid-In Capital	1.4%	351	346	341	337	334	330	326	322	319	316	314	313	311	310	308	216	180	180	179	92.00	68.00
Shares Outstanding	0.2%	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	25.00	26.00	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-68.5%	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	6,995
Share Based Compensation	-	-	-	-	-	-	-	-	-	-	-	-	938	710	551	464	442	426	410	306	22,961	-
Cashflow From Investing	52.5%	-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	-6,607
Cashflow From Financing	102.5%	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	-98.0%	132	6,570	8,738	6,826	11,142	3,000	7,284	12,989	-	-	-	-	-	-	-	-	-	-	-	-	-

PLMR Income Statement

2023-12-31

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues:
Gross written premiums	$ 1,141,558	$ 881,868	$ 535,175
Ceded written premiums	(731,531)	(524,575)	(223,443)
Net written premiums	410,027	357,293	311,732
Change in unearned premiums	(64,114)	(40,827)	(77,906)
Net earned premiums	345,913	316,466	233,826
Net investment income	23,705	13,877	9,080
Net realized and unrealized gains (losses) on investments	2,941	(7,529)	1,277
Commission and other income	3,367	4,272	3,608
Total revenues	375,926	327,086	247,791
Expenses:
Losses and loss adjustment expenses	72,592	78,672	41,457
Acquisition expenses, net of ceding commissions and fronting fees	107,745	110,771	95,433
Other underwriting expenses	88,172	69,219	53,723
Interest expense	3,775	873	40
Total expenses	272,284	259,535	190,653
Income before income taxes	103,642	67,551	57,138
Income tax expense	24,441	15,381	11,291
Net income	79,201	52,170	45,847
Other comprehensive income, net:
Net unrealized gains (losses) on securities available for sale	12,524	(41,827)	(7,934)
Total comprehensive income	$ 91,725	$ 10,343	$ 37,913
Per Share Data:
Basic earnings per share (in dollars per share)	$ 3.19	$ 2.07	$ 1.8
Diluted earnings per share (in dollars per share)	$ 3.13	$ 2.02	$ 1.76
Weighted-average common shares outstanding:
Basic (in shares)	24,822,004	25,243,397	25,459,514
Diluted (in shares)	25,327,091	25,796,008	26,111,904

PLMR Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments:
Fixed maturity securities available for sale, at fair value (amortized cost: $675,130 in 2023; $561,580 in 2022)	$ 643,799	$ 515,064
Equity securities, at fair value (cost: $43,003 in 2023; $42,352 in 2022)	43,160	38,576
Equity method investment	2,617	0
Total investments	689,576	553,640
Cash and cash equivalents	51,546	68,108
Restricted cash	306	56
Accrued investment income	5,282	3,777
Premium receivable	261,972	162,858
Deferred policy acquisition costs, net of ceding commissions and fronting fees	60,990	56,740
Reinsurance recoverable on paid losses and loss adjustment expenses	32,172	39,718
Reinsurance recoverable on unpaid losses and loss adjustment expenses	244,622	153,895
Ceded unearned premiums	265,808	204,084
Prepaid expenses and other assets	72,941	44,088
Deferred tax assets, net	10,119	10,622
Property and equipment, net	373	603
Goodwill and intangible assets, net	12,315	8,261
Total assets	1,708,022	1,306,450
Liabilities:
Accounts payable and other liabilities	42,376	25,760
Reserve for losses and loss adjustment expenses	342,275	231,415
Unearned premiums	597,103	471,314
Ceded premium payable	181,742	146,127
Funds held under reinsurance treaty	13,419	10,680
Income taxes payable	7,255	0
Borrowings from credit agreements	52,600	36,400
Total liabilities	1,236,770	921,696
Stockholders' equity:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized as of December 31, 2023 and December 31, 2022, 0 shares issued and outstanding as of December 31, 2023 and December 31, 2022	0	0
Common stock, $0.0001 par value, 500,000,000 shares authorized, 24,772,987 and 25,027,467 shares issued and outstanding as of December 31, 2023 and December 31, 2022, respectively	3	3
Additional paid-in capital	350,597	333,558
Accumulated other comprehensive income (loss)	(23,991)	(36,515)
Retained earnings	144,643	87,708
Total stockholders' equity	471,252	384,754
Total liabilities and stockholders' equity	$ 1,708,022	$ 1,306,450

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 Wed Apr 24 2024, market cap of Palomar Holdings Inc is 2.02 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 Wed Apr 24 2024, PLMR's PE ratio (Price to Earnings) is 25.55 and Price to Sales (PS) ratio is 5.38. 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.