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PLMR

Palomar

$24.24

-0.055 (-0.23%)

13:37
07/05/19
07/05
13:37
07/05/19
13:37

Palomar reports exposure in areas impacted by Searles Valley earthquake

On July 4, 2019 a 6.4 magnitude earthquake struck Searles Valley, California, a remote part of Kern County. This earthquake was the largest in Southern California in the past 20 years. Palomar Holdings exposure in the impacted areas is as follows: 14 residential earthquake policies within a thirty-mile radius of the epicenter; 22 total residential earthquake policies within a fifty-mile radius of the epicenter; No commercial earthquake policies within a fifty-mile radius of the epicenter. The total insured value of Palomar policies within a one hundred-mile radius of the epicenter is considerably less than Palomar's excess of loss reinsurance program. "Our thoughts are with all of those impacted by July 4th earthquake," offered Palomar CEO, Mac Armstrong. "Palomar is ready to support its policyholders impacted by the event and has the resources to do so."

  • 09

    Jul

PLMR Palomar
$24.24

-0.055 (-0.23%)

05/13/19
RHCO
05/13/19
INITIATION
Target $27
RHCO
Buy
Palomar initiated with a Buy at SunTrust
SunTrust analyst Mark Hughes initiated Palomar with a Buy rating and a price target of $27, citing its position as a "differentiated growth company" with high returns on capital and a valuation at a "material discount". The analyst notes that the revenue opportunity in the Property & Casualty insurance market undergoing "emerging fundamental tailwinds" is about $20B, adding that his assumed 15-times forward earnings multiple still offers a "meaningful discount" relative to Palomar's peers. Hughes is also positive on the company's strategy of targeting catastrophe-exposed end markets where competition is moderate and where its advanced technology is advantageous.
05/14/19
WBLR
05/14/19
INITIATION
WBLR
Outperform
Palomar initiated with an Outperform at William Blair
William Blair analyst Adam Klauber started Palomar Holdings with an Outperform rating calling the company a "high-growth tech-enabled" insurer.
05/15/19
WBLR
05/15/19
INITIATION
WBLR
Outperform
Palomar one of the best growth stories in insurance, says William Blair
William Blair analyst Adam Klauber last night initiated coverage of Palomar Holdings with an Outperform rating. The company's analytical underwriting approach creates a material pricing advantage over peers and helps drive peer-leading underwriting margins, Klauber tells investors in a research note. He believes Palomar represents one of the best growth opportunities in the insurance sector, with estimated earnings growth of 27% in 2020 and mid-teens over the longer term.
05/15/19
05/15/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Target Hospitality (TH) initiated with a Buy at Stifel. 2. Palomar (PLMR) initiated with an Outperform at William Blair. 3. MKS Instruments (MKSI) initiated with a Positive at Susquehanna. 4. Pinduoduo (PDD) initiated with a Buy at BofA/Merrill. 5. Four Corners Property Trust (FCPT) initiated with an Equal Weight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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SPY

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POST

Post Holdings

$108.09

0.64 (0.60%)

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VMW

VMware

$174.34

0.13 (0.07%)

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CRWD

Crowdstrike

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0.35 (1.02%)

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MGM

MGM Resorts

$28.75

-0.095 (-0.33%)

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MGM Growth

$30.00

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18:50
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$28.75

-0.095 (-0.33%)

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MGM Growth

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AAL

American Airlines

$33.75

0.5 (1.50%)

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$95.27

0.44 (0.46%)

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UAL

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FDX

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NUE

Nucor

$54.68

-0.03 (-0.05%)

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NABZY

National Australia Bank

$0.00

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BAC

Bank of America

$29.48

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TAP

Molson Coors

$54.37

0.08 (0.15%)

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  • 31

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:04
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BAS

Basic Energy

$1.81

-0.1 (-5.24%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:02
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QTRH

Quarterhill

$1.23

(0.00%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

18:00
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RRGB

Red Robin

$30.58

0.32 (1.06%)

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T

AT&T

$33.09

-0.17 (-0.51%)

17:54
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RRGB

Red Robin

$30.58

0.32 (1.06%)

17:53
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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:50
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Hot Stocks
Microsoft CFO: Q4 another quarter of double-digit top and bottom line growth »

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HBIO

Harvard Bioscience

$1.78

0.03 (1.71%)

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MSFT

Microsoft

$136.29

0.06 (0.04%)

17:43
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Hot Stocks
Microsoft CEO seeing growing momentum across every layer of its stack »

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  • 18

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ISRG

Intuitive Surgical

$536.44

13.25 (2.53%)

17:38
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GLD

SPDR Gold Shares

$136.44

1.85 (1.37%)

17:33
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WAL

Western Alliance

$44.45

0.74 (1.69%)

17:29
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Western Alliance reports Q2 EPS 1.19, consensus $1.16 »

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