From Zacks Investment Research: 2025-04-14 15:16:00

Palomar Holdings (PLMR) stock has surged 40% year to date, outperforming the industry and sector. The company aims to lead the crop business and secure $500 million in premiums by 2025. Shares are trading above the 50-day moving average, showing a bullish trend. However, the stock is trading at a premium compared to the industry. Analysts predict a slight downside with an average target price of $146.67 per share. Palomar’s return on equity and invested capital has surpassed industry averages. Analyst sentiments are positive, with estimates showing strong growth in earnings and revenues. Overall, Palomar remains a strong buy with solid growth prospects.



Read more at Zacks Investment Research: PLMR Rallies 40% YTD: Time to Buy the Stock Despite Premium Valuation? – April 14, 2025