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PLMR

Palomar

$24.18

-0.11 (-0.45%)

09:12
07/08/19
07/08
09:12
07/08/19
09:12

Palomar reports exposure in areas impacted by Ridgecrest earthquake

The July 4, 2019 6.4 magnitude earthquake that struck Searles Valley, California, proved to be a foreshock for a larger 7.1 magnitude earthquake that struck near Ridgecrest, California on July 5, 2019. The July 5th earthquake was the largest in Southern California in the past 20 years with an epicenter located approximately seven miles northwest of the July 4th earthquake epicenter. Palomar Holdings exposure in the impacted areas of the July 5th earthquake is as follows: 14 residential earthquake policies within a thirty-mile radius of the epicenter; 14 total residential earthquake policies within a forty-five-mile radius of the epicenter; No commercial earthquake policies within a forty-five-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. Additionally, Palomar has assessed the exposures within a one hundred-mile radius of the epicenter based on the Modified Mercalli Intensity Scale used by the USGS to determine intensity levels at the Earth's surface. The location details for Palomar policies are as follows:Three locations were MMI VIII; Ten locations were MMI VII; One location was MMI VI; 23 locations were MMI V; All other locations are MMI IV or less

  • 09

    Jul

PLMR Palomar
$24.18

-0.11 (-0.45%)

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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CMG

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  • 03

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AMZN

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AMZN

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AMZN

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BHVN

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CE

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F

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  • 25

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UTX

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  • 23

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LMT

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  • 23

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ARES

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HAFC

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PAYS

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MEOH

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  • 01

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SHIP

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SONM

Sonim

$13.42

0.24 (1.82%)

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  • 24

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KINS

Kingstone Companies

$8.81

0.09 (1.03%)

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  • 07

    Aug

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16:30
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BA

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16.17 (4.48%)

, MSFT

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0.33 (0.24%)

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BA

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AMZN

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DIS

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GCI

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$9.43

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CRWD

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$83.50

10.75 (14.78%)

SKX

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$39.00

4.25 (12.23%)

PACB

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$5.34

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ILMN

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$293.10

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CHWY

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