Palomar Holdings downgraded by JP Morgan with a new price target
$PLMR
Property-Casualty Insurers
Finance
JP Morgan downgraded Palomar Holdings from Overweight to Neutral and set a new price target of $85.00 from $79.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2024 | $79.00 → $85.00 | Overweight → Neutral | JP Morgan |
| 3/14/2024 | $78.00 → $88.00 | Hold → Buy | Jefferies |
| 5/16/2023 | $59.00 → $64.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 1/10/2023 | $52.00 | Outperform → In-line | Evercore ISI |
| 12/12/2022 | $55.00 | Hold | Jefferies |
| 10/18/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 10/12/2022 | $88.00 → $90.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 6/22/2022 | $70.00 | Neutral → Overweight | Piper Sandler |
JP Morgan downgraded Palomar Holdings from Overweight to Neutral and set a new price target of $85.00 from $79.00 previously
Jefferies upgraded Palomar Holdings from Hold to Buy and set a new price target of $88.00 from $78.00 previously
Keefe Bruyette upgraded Palomar Holdings from Mkt Perform to Outperform and set a new price target of $64.00 from $59.00 previously
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
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 Quarter 2024 Highlights Gross written premiums increased by 23.3% to $373.7 million compared to $303.2 million in the fourth quarter of 2023Net income increased 35.0% to $35.0 million c
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 Fourth Quarter 2024 Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on February 13, 2025, and can be accessed by dialing 1-844-512-2921, or for in
LA JOLLA, Calif., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar" or "Company") reported net income of $30.5 million, or $1.15 per diluted share, for the third quarter of 2024 compared to net income of $18.4 million, or $0.73 per diluted share, for the third quarter of 2023. Adjusted net income(1) was $32.4 million, or $1.23 per diluted share, for the third quarter of 2024 as compared to $23.3 million, or $0.92 per diluted share, for the third quarter of 2023. Third Quarter 2024 Highlights Gross written premiums increased by 32.2% to $415.0 million compared to $314.0 million in the third quarter of 2023Net income of $30.5 million compared to $18.4 millio
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
SC 13G - Palomar Holdings, Inc. (0001761312) (Subject)
SC 13G/A - Palomar Holdings, Inc. (0001761312) (Subject)
SC 13G/A - Palomar Holdings, Inc. (0001761312) (Subject)
8-K - Palomar Holdings, Inc. (0001761312) (Filer)
144 - Palomar Holdings, Inc. (0001761312) (Subject)
144 - Palomar Holdings, Inc. (0001761312) (Subject)
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 Quarter 2024 Highlights Gross written premiums increased by 23.3% to $373.7 million compared to $303.2 million in the fourth quarter of 2023Net income increased 35.0% to $35.0 million c
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 Fourth Quarter 2024 Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on February 13, 2025, and can be accessed by dialing 1-844-512-2921, or for in
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 entry into the Surety market, a highly profitable line of business with a healthy growth profile. FIA's leaders are industry veterans with decades of underwriting and claims experience w
LA JOLLA, Calif., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (the "Company") today announced that Benson Latham has been appointed Executive Vice President, Head of Crop, where he will be responsible for leading Palomar's rapidly growing Crop franchise. Benson Latham is a 30-year veteran of the Crop insurance industry and joins Palomar from Great American Insurance Company. Mr. Latham began his career at ProAg, where he helped build a large-scale Crop franchise with over 400 employees and $500 million in revenue. After the successful sale of ProAg to CUNA Mutual in 2010, Mr. Latham founded Longhorn Re, a Bermuda-based reinsurer focused on Crop risk, which he qu
LA JOLLA, Calif., March 01, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (the "Company") today announced that Thomas Bradley has been appointed to the Company's Board of Directors on February 28, 2024. During his distinguished career spanning over 30 years, Mr. Bradley has held multiple executive and board level positions with various insurance and reinsurance companies in the public space. Most recently, Mr. Bradley was Executive Chairman and Chief Executive Officer of Argo Group International Holdings, where he led Argo through a review of strategic alternatives which resulted in the sale to Brookfield in 2023. Mr. Bradley also served on Argo's Board of Directors from A
LA JOLLA, Calif. , Jan. 12, 2021 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) today announced that Mark Brose has been appointed Chief Technology Officer. Mr. Brose will report directly to his predecessor, the Company’s Chief Operating Officer, Britt Morries, who assumed the role of Chief Operating Officer on September 1, 2020. “As Palomar continues on its growth trajectory, our focus has been on strengthening our leadership team,” commented Mac Armstrong, Chairman and Chief Executive Officer. “Mark brings over 25 years of creating and, more importantly, leading high-performing software engineering and technical operation teams. This essential understa