Palomar Holdings upgraded by Jefferies with a new price target
$PLMR
Property-Casualty Insurers
Finance
Jefferies upgraded Palomar Holdings from Hold to Buy and set a new price target of $88.00 from $78.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/8/2025 | $150.00 | Neutral → Overweight | 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 |
LA JOLLA, Calif., Nov. 06, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar" or "Company") reported net income of $51.5 million, or $1.87 per diluted share, for the third quarter of 2025 compared to net income of $30.5 million, or $1.15 per diluted share, for the third quarter of 2024. Adjusted net income(1) was $55.2 million, or $2.01 per diluted share, for the third quarter of 2025 as compared to $32.4 million, or $1.23 per diluted share, for the third quarter of 2024. Third Quarter 2025 Highlights Gross written premiums increased by 43.9% to $597.2 million compared to $415.0 million in the third quarter of 2024Net income of $51.5 million compared to $30.5 milli
AM Best has commented that the Credit Ratings (ratings) of Palomar Holdings, Inc. (Palomar) (Delaware) (NASDAQ:PLMR), the ultimate parent and insurance holding company of Palomar Specialty Insurance Company (PSIC) (Portland, OR), Palomar Excess and Surplus Insurance Company (PESIC) (Phoenix, AZ), Palomar Specialty Reinsurance Company Bermuda Ltd. (Palomar Re) (Bermuda) and First Indemnity of America Insurance Company (FIA) (Morris Plains, NJ) remain unchanged following the Oct. 30, 2025 announcement that Palomar entered into a definitive agreement with Bernhard Capital Partners (the ultimate parent of The Gray Casualty & Surety Company {Gray}). Per the agreement, Palomar will purchase Gray
BATON ROUGE, La., Oct. 30, 2025 /PRNewswire/ -- BCP, a services and infrastructure-focused private equity management firm, today announced an agreement to sell The Gray Casualty & Surety Company ("Gray Surety"), a leading surety bond provider for midsized and emerging contractors, to Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar"). The transaction has been approved by both Gray Surety and Palomar's boards of directors and is expected to close during the first half of 2026, subject to regulatory approvals and other customary closing conditions. In 2021, BCP made a significant investment in Gray Surety, a Treasury-listed surety carrier specializing in contract bonds for midsized and emerging
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
4 - Palomar Holdings, Inc. (0001761312) (Issuer)
10-Q - Palomar Holdings, Inc. (0001761312) (Filer)
8-K - Palomar Holdings, Inc. (0001761312) (Filer)
8-K - Palomar Holdings, Inc. (0001761312) (Filer)
Analyst upgraded Palomar Holdings from Neutral to Overweight and set a new price target of $150.00
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
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)
BATON ROUGE, La., Oct. 30, 2025 /PRNewswire/ -- BCP, a services and infrastructure-focused private equity management firm, today announced an agreement to sell The Gray Casualty & Surety Company ("Gray Surety"), a leading surety bond provider for midsized and emerging contractors, to Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar"). The transaction has been approved by both Gray Surety and Palomar's boards of directors and is expected to close during the first half of 2026, subject to regulatory approvals and other customary closing conditions. In 2021, BCP made a significant investment in Gray Surety, a Treasury-listed surety carrier specializing in contract bonds for midsized and emerging
LA JOLLA, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar", the "Company") today announced that it has entered into a definitive agreement to acquire The Gray Casualty & Surety Company ("Gray Surety") from Bernhard Capital Partners ("BCP") and The Gray Insurance Company for total consideration of $300 million in cash subject to customary closing adjustments. The transaction has been approved by both Gray Surety and Palomar's boards of directors and is expected to close during the first half of 2026, subject to regulatory approvals and other customary closing conditions. Gray Surety is a Treasury-listed surety carrier specializing in contract bonds
LA JOLLA, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) ("Palomar", the "Company") today announced that it has entered into a definitive agreement to acquire The Gray Casualty & Surety Company ("Gray Surety") from Bernhard Capital Partners ("BCP") and The Gray Insurance Company for total consideration of $300 million in cash subject to customary closing adjustments. The transaction has been approved by both Gray Surety and Palomar's boards of directors and is expected to close during the first half of 2026, subject to regulatory approvals and other customary closing conditions. Gray Surety is a Treasury-listed surety carrier specializing in contract bonds
LA JOLLA, Calif., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (the "Company") today announced that it will release its third quarter 2025 results after market close on Thursday, November 6, 2025, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Friday, November 7, 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 Third Quarter 2025 Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on November 7, 2025, and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412
LA JOLLA, Calif., July 28, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (the "Company") today announced that it will release its second quarter 2025 results after market close on Monday, August 4, 2025, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Tuesday, August 5, 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 Second Quarter 2025 Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on August 5, 2025, and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-
LA JOLLA, Calif., April 28, 2025 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (the "Company") today announced that it will release its first quarter 2025 results after market close on Monday, May 5, 2025, and will host a conference call at 12:00 p.m. (Eastern Time) the following day, Tuesday, May 6, 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 First Quarter 2025 Earnings Conference Call. A replay will be available starting at 4:00 p.m. (Eastern Time) on May 6, 2025, and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The