Palomar Holdings, Inc.·Financial Services

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Zacks Property and Casualty Insurance players like RNR, AXS, FAF, MCY and PLMR are likely to benefit from digitalization and catastrophes that drive policy renewal rate and pricing.

Palomar Holdings rides on a fee-based platform, rising crop premiums, Surety expansion and a debt-free balance sheet backed by a strong reinsurance strategy.

Given the prospects of the Property and Casualty Insurance industry, MCY, FAF and PLMR have the potential to generate better returns than other players.

Let's see how AXS and PLMR fare in terms of some of the key metrics.

The average of price targets set by Wall Street analysts indicates a potential upside of 35.8% in Palomar (PLMR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.
Financial Services
Insurance - Property & Casualty
253
2019-04-17
0.54