Professional
Added to YB: 2025-12-08
Pitch date: 2025-12-05
PLMR [bullish]
Palomar Holdings, Inc.
+1.23%
current return
Author Info
Cedar Street Research delivers unique insights by leveraging an unconventional approach to financial analysis, combining the power of historical trends with bespoke data in order to uncover deep, actionable predictions about the future. We specialize in insurance companies, but extend our services to banks and specialty finance firms as well. Sign up for the newsletter.
Company Info
Palomar Holdings, Inc., a specialty insurance company, provides property and casualty insurance to individuals and businesses in the United States.
Market Cap
$3.1B
Pitch Price
$116.42
Price Target
165.00 (+40%)
Dividend
N/A
EV/EBITDA
13.06
P/E
18.42
EV/Sales
3.87
Sector
Insurance
Category
growth
Palomar - $PLMR (Cedar Street Research)
PLMR: Specialty insurer w/ 75% Q3 combined ratio driven by earthquake book (~0% loss ratio, $20M net exposure vs $3.5B reinsurance). Targeting +20% EPS growth next 2yrs via new products, margin expansion from softer reinsurance costs. 2x strategy: double adj net income in 3-5yrs, sustain 20%+ ROE. Price target $165 (15x 2027E EPS).
Read full article (14 min)