Critical Insights From Palomar Hldgs Analyst Ratings: What You Need To Know

In the last three months, 5 analysts have published ratings on Palomar Hldgs PLMR, offering a diverse range of perspectives from bullish to bearish.

The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.

Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $84.0, along with a high estimate of $89.00 and a low estimate of $68.00. This upward trend is apparent, with the current average reflecting a 13.82% increase from the previous average price target of $73.80.

Analyzing Analyst Ratings: A Detailed Breakdown

The perception of Palomar Hldgs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Palomar Hldgs. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Palomar Hldgs compared to the broader market.
• Price Targets: Understanding forecasts, analysts offer estimates for Palomar Hldgs's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

For valuable insights into Palomar Hldgs's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

Stay up to date on Palomar Hldgs analyst ratings.

Get to Know Palomar Hldgs Better

Palomar Holdings Inc is a United States-based company focused on the provision of specialty property insurance earthquake, wind, and flood insurance products. The company's core focus is on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington, and states with exposure to the New Madrid Seismic Zone. It offers specialty property insurance products in the target markets to both individuals and businesses through multiple channels, including retail agents, program administrators, wholesale brokers, and in partnership with other insurance companies. Its products include Residential Earthquake, Commercial Earthquake, Specialty Homeowners, Inland Marine, Commercial All Risk, Hawaii Hurricane, Residential Flood and others.

A Deep Dive into Palomar Hldgs's Financials

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Revenue Growth: Palomar Hldgs displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 18.92%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.

Net Margin: Palomar Hldgs's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 24.57% net margin, the company effectively manages costs and achieves strong profitability.

Return on Equity (ROE): Palomar Hldgs's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.8% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Palomar Hldgs's ROA stands out, surpassing industry averages. With an impressive ROA of 1.55%, the company demonstrates effective utilization of assets and strong financial performance.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.11.

Understanding the Relevance of Analyst Ratings

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.