Palomar Holdings Inc
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $51.35
- Today's High:
- $52.47
- Open Price:
- $51.68
- 52W Low:
- $43.635
- 52W High:
- $95.2
- Prev. Close:
- $51.71
- Volume:
- 85894
Company Statistics
- Market Cap.:
- $1.29 billion
- Book Value:
- 16.686
- Revenue TTM:
- $348.91 million
- Operating Margin TTM:
- 22.52%
- Gross Profit TTM:
- $80.05 million
- Profit Margin:
- 16.6%
- Return on Assets TTM:
- 3.78%
- Return on Equity TTM:
- 14.63%
Company Profile
Palomar Holdings Inc had its IPO on 2019-04-17 under the ticker symbol PLMR.
The company operates in the Financial Services sector and Insurance-Property & Casualty industry. Palomar Holdings Inc has a staff strength of 191 employees.
Stock update
Shares of Palomar Holdings Inc opened at $51.68 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $51.35 - $52.47, and closed at $52.22.
This is a +0.99% increase from the previous day's closing price.
A total volume of 85,894 shares were traded at the close of the day’s session.
In the last one week, shares of Palomar Holdings Inc have increased by +0.29%.
Palomar Holdings Inc's Key Ratios
Palomar Holdings Inc has a market cap of $1.29 billion, indicating a price to book ratio of 3.5608 and a price to sales ratio of 4.0493.
In the last 12-months Palomar Holdings Inc’s revenue was $348.91 million with a gross profit of $80.05 million and an EBITDA of $80.17 million. The EBITDA ratio measures Palomar Holdings Inc's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, Palomar Holdings Inc’s operating margin was 22.52% while its return on assets stood at 3.78% with a return of equity of 14.63%.
In Q2, Palomar Holdings Inc’s quarterly earnings growth was a positive 21.1% while revenue growth was a positive 13.5%.
Palomar Holdings Inc’s PE and PEG Ratio
- Forward PE
- 0
- Trailing PE
- 22.5411
- PEG
Its diluted EPS in the last 12-months stands at $2.31 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Palomar Holdings Inc’s profitability.
Palomar Holdings Inc stock is trading at a EV to sales ratio of 4.1933 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 4.0493.
Palomar Holdings Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.
Balance sheet and cash flow metrics
- Total Assets
- $1.55 billion
- Total Liabilities
- $295.85 million
- Operating Cash Flow
- $-19007000.00
- Capital Expenditure
- $2.17 million
- Dividend Payout Ratio
- 0%
Palomar Holdings Inc ended 2024 with $1.55 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.55 billion while shareholder equity stood at $413.71 million.
Palomar Holdings Inc ended 2024 with $0 in deferred long-term liabilities, $295.85 million in other current liabilities, 3000.00 in common stock, $107.02 million in retained earnings and $0 in goodwill. Its cash balance stood at $58.31 million and cash and short-term investments were $618.43 million. The company’s total short-term debt was $71,400,000 while long-term debt stood at $81.78 million.
Palomar Holdings Inc’s total current assets stands at $618.43 million while long-term investments were $606.12 million and short-term investments were $560.12 million. Its net receivables were $498.89 million compared to accounts payable of $224.45 million and inventory worth $0.
In 2024, Palomar Holdings Inc's operating cash flow was $-19007000.00 while its capital expenditure stood at $2.17 million.
Comparatively, Palomar Holdings Inc paid $0 in dividends in 2024.
Other key metrics
- Current Trading Price
- $52.22
- 52-Week High
- $95.2
- 52-Week Low
- $43.635
- Analyst Target Price
- $64.5
Palomar Holdings Inc stock is currently trading at $52.22 per share. It touched a 52-week high of $95.2 and a 52-week low of $95.2. Analysts tracking the stock have a 12-month average target price of $64.5.
Its 50-day moving average was $55.46 and 200-day moving average was $53.87 The short ratio stood at 4.3 indicating a short percent outstanding of 0%.
Around 327.9% of the company’s stock are held by insiders while 9897.9% are held by institutions.
Frequently Asked Questions About Palomar Holdings Inc
Similar Industry Stocks (Insurance-Property & Casualty)
Most Active
Top Gainers
Top Losers
About
Palomar Holdings, Inc., an insurance holding company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance. 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 and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.