Palomar Holdings, Inc. Aktie News

Palomar's normalized earnings per share grew by +36% YoY in Q1 2024, and this represented a +16% bottom line beat.

Palomar Holdings, Inc. (NASDAQ:PLMR ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Chris Uchida - Chief Financial Officer Mac Armstrong - Chairman and Chief Executive Officer Jon Christianson - President Conference Call Participants Paul Newsome - Piper Sandler Mark Hughes - Truist Securities Peter Knudsen - Evercore ISI Matt Carletti - Citizens JMP Andrew Ander...

LA JOLLA, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ:PLMR) (“Palomar” or “Company”) reported net income of $26.4 million, or $1.04 per diluted share, for the first quarter of 2024 compared to net income of $17.3 million, or $0.68 per diluted share, for the first quarter of 2023. Adjusted net income(1) was $27.8 million, or $1.09 per diluted share, for the first quar...

LA JOLLA, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the “Company”) today announced that it will release its first quarter 2024 results after the market close on Thursday, May 2, 2024, and will host a conference call at 11:00 a.m. (Eastern Time) the following day, Friday, May 3, 2024.

The March 3.5% CPI reading came in hot, suggesting the Fed will avoid cutting interest rates until September. Equities typically perform poorly in rising-rate environments, yet the insurance industry offers a profitable business model that tends to maintain revenue streams in up-and-down markets. Palomar Holdings is a P&C insurance company that is +36% YTD, impressively beat Q4 2023 +17%, and e...

The prevailing market sentiment is currently fueled by the allure of "The Magnificent 7" and stocks with high upside potential. Over the last 52 weeks, the S&P 500 is up ~28% compared to the S&P Small-Cap index (~+15%). Small-cap stocks present enticing prospects for growth and value for investors willing to capitalize on calculated risks. The S&P 500 P/E is 25x vs. the S&P Small-Cap at 14.8x.

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.

Palomar achieved an impressive +17% earnings beat for Q4 2023, as the company's earthquake and casualty insurance businesses witnessed strong growth. PLMR is anticipating a solid +20% bottom line expansion in the current fiscal year, based on the company's management guidance. I remain bullish on Palomar stock, as the company's favorable FY 2024 financial guidance has yet to be completely refle...