PLMR Stock Summary and Trading Ideas (Palomar Hldgs | NASDAQ:PLMR)

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.

Palomar Hldgs trades on the NASDAQ stock market under the symbol PLMR.

As of April 18, 2024, PLMR stock price climbed to $77.77 with 133,367 million shares trading.

PLMR has a beta of 0.95, meaning it tends to be less sensitive to market movements. PLMR has a correlation of 0.07 to the broad based SPY ETF.

PLMR has a market cap of $1.94 billion. This is considered a Small Cap stock.

Last quarter Palomar Hldgs reported $94 million in Revenue and $1.11 earnings per share. This fell short of revenue expectation by $-204 million and exceeded earnings estimates by $.17.

In the last 3 years, PLMR stock traded as high as $97.18 and as low as $43.64.

The top ETF exchange traded funds that PLMR belongs to (by Net Assets): IJR, VTI, IWM, VXF, VB.

PLMR has outperformed the market in the last year with a return of +48.5%, while the SPY ETF gained +22.2%. In the last 3 month period, PLMR beat the market returning +26.0%, while SPY returned +5.2%. However, in the most recent 2 weeks PLMR has underperformed the stock market by returning -3.5%, while SPY returned -2.6%.

PLMR support price is $75.32 and resistance is $78.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLMR stock will trade within this expected range on the day.