Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States. The company offers personal and commercial specialty insurance products, including residential and commercial earthquake; fronting; and inland marine and other property products, such as Inland Marine, Hawaii Hurricane, commercial all risk, excess national property, residential flood, and other miscellaneous property products, as well as assumed reinsurance and crop insurance products. 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.
Niche Market Leade | Palomar Holdings excels in underserved insurance markets, leveraging advanced analytics for competitive edge in earthquake and specialty coverage |
Financial Strength | Explore Palomar's impressive financial performance, with 84% stock return and 40.19% revenue growth, despite challenges in expense management |
Growth Trajectory | Delve into Palomar's expansion strategies, including new business lines and potential geographic growth, balanced against profitability concerns |
Market Valuation | Analysts set price targets up to $133, with Palomar poised to capitalize on the undervalued insurance sector, trading at $106.49 as of January 2025 |
Metrics to compare | PLMR | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPLMRPeersSector | |
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P/E Ratio | 26.9x | 8.9x | 9.5x | |
PEG Ratio | 0.62 | −0.77 | 0.03 | |
Price/Book | 4.6x | 1.3x | 1.0x | |
Price / LTM Sales | 5.9x | 1.3x | 2.8x | |
Upside (Analyst Target) | 35.2% | 12.1% | 9.5% | |
Fair Value Upside | Unlock | 1.4% | 1.5% | Unlock |