(PLMR) Palomar Holdings - Ratings and Ratios

Palomar Holdings, Inc. (NASDAQ:PLMR) operates as a specialty insurance provider, focusing on property and casualty insurance products tailored for individuals and businesses across the United States. The company specializes in high-risk and niche insurance markets, offering a diverse range of products including residential and commercial earthquake coverage, fronting services, inland marine insurance, Hawaii Hurricane, commercial all-risk, excess national property, residential flood, and other specialized property insurance solutions. Additionally, Palomar provides assumed reinsurance and crop insurance products, catering to the unique needs of its clients. The company distributes its products through a network of retail agents, wholesale brokers, program administrators, and carrier partnerships, ensuring broad market reach and accessibility.

From a technical perspective, PLMR is currently trading at $147.48, above its 20-day SMA of $143.77 and 50-day SMA of $134.25, indicating positive momentum. The stocks 200-day SMA stands at $108.02, reflecting significant growth over the past year. With an ATR of 6.26, the stock exhibits moderate volatility. The average 20-day volume is 350,619 shares, suggesting consistent trading activity. Key support levels are identified at 143.6, 127.0, and 110.0, while the stock continues to test new highs.

Fundamentally, Palomar Holdings boasts a market capitalization of $4.004 billion, underscoring its position as a mid-sized player in the specialty insurance sector. The companys trailing P/E ratio of 33.44 reflects investor confidence in its growth prospects, though the lack of a forward P/E suggests limited visibility into future earnings. With a P/B ratio of 5.49, the stock is trading at a premium to its book value, indicating strong market sentiment. The P/S ratio of 7.23 highlights its valuation relative to sales, while an ROE of 16.13% demonstrates efficient profitability.