Palomar Holdings, Inc. (PLMR)

Palomar Holdings, Inc.'s stock (PLMR) has decreased by 3.36% in the past six months but increased by 25.99% over the past year. Recent analyst actions include a price target raise by JPMorgan Chase & Co. and a downgrade by Wall Street Zen. There were reports of insider selling, while some institutional investors increased their holdings. The company reported better-than-expected revenue and non-GAAP profit in Q3 CY2025, with sales up 64.8% year-on-year.

Demand for Palomar Holdings, Inc.'s products and services exhibits seasonality, particularly within its crop insurance business. Gross written premiums showed a sequential decline in Q4 2024 due to this seasonality. The third quarter is typically when most crop premiums are written and fees are earned.

Palomar Holdings, Inc. is a specialty insurance company in the Finance sector, focusing on underserved catastrophe-exposed markets. It operates in the Property/Casualty Insurance industry, utilizing technology and reinsurance to manage risk. The company's major product categories include Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop insurance. Palomar is a significant player in the earthquake insurance market.

Palomar Holdings, Inc. offers admitted insurance products in 42 states and provides excess and surplus (E&S) coverage nationwide through its subsidiaries. The company focuses on earthquake-exposed states such as California, Oregon, and Washington, as well as states within the New Madrid Seismic Zone.

Palomar Holdings, Inc. has maintained a strong brand reputation, evidenced by positive analyst sentiment and ratings. The company was referred to as a "No. 1 ranked insurer" and received a rating upgrade. Its composite rating climbed to 97, indicating a top-rated stock. Palomar received an upgrade to an "A" (Excellent) FSC X group rating by AM Best in 2024.

Palomar Holdings, Inc. has a diverse ownership structure, with institutional shareholders holding approximately 89.77% to 90.79% of the company's stock. Insiders own about 13.17%, and retail investors hold a smaller percentage. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and State Street Corp. Genstar VI GP Aiv Ltd is the largest individual shareholder, owning 9.09% of the company's shares.