Moody Aldrich Sells Off Complete $8.2 Million Stake in PLMR
Moody Aldrich Partners' Sale: Moody Aldrich Partners LLC sold its entire stake of 53,211 shares in Palomar Holdings for approximately $8.21 million, fully exiting its position which previously represented 1.6% of its assets under management (AUM).
Performance Context: The sale occurred during a year when Palomar's stock rose about 9% year-to-date, but this growth lagged behind the S&P 500's performance, suggesting the sale may be a tactical portfolio rebalancing rather than a loss of confidence in the company.
Palomar Holdings' Niche: Palomar specializes in insuring properties in catastrophe-exposed markets, which can yield high profits in stable years but also increases vulnerability to natural disasters and reinsurance costs.
Investment Insights: Despite the exit by Moody Aldrich, Palomar remains an intriguing investment opportunity due to its unique market position and smart underwriting, balancing risk and potential rewards for investors.
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PLMR Stock Surpasses Industry Performance: Is It Time to Invest for Higher Returns?
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).
Keefe, Bruyette & Woods Reaffirms Outperform Rating for Palomar Holdings and Increases Price Target to $170
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