Keefe, Bruyette & Woods Reaffirms Outperform Rating for Palomar Holdings and Increases Price Target to $170

Stock Performance: Palomar Holdings, Inc. (PLMR) has seen a 15.8% increase in shares over the past year, outperforming its industry and major indices, while also surpassing competitors like Allstate and Travelers.

Earnings and Growth Projections: The company has consistently beaten earnings estimates, with a projected 51.2% increase in earnings per share for 2025, and analysts have raised their estimates for both 2025 and 2026.

Strategic Positioning: Palomar is focusing on growth through its fee-based platform and expanding into the Surety market, which offers diversification and stability, alongside a strong capital position and debt-free balance sheet.

Investment Outlook: With a solid growth trajectory, favorable return on capital, and positive analyst sentiment, Palomar Holdings is positioned as a strong investment opportunity, currently holding a Zacks Rank #2 (Buy).

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