Palomar Holdings, Inc. (PLMR) To Go Ex-Dividend on August 19th

Palomar Holdings, Inc. (NASDAQ:PLMR) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.45 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Palomar Price Performance

PLMR opened at $128.21 on Monday. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 17.23 and a beta of 0.40. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $129.14 and a 200-day moving average price of $123.73. Palomar has a twelve month low of $100.81 and a twelve month high of $147.62.

Palomar (NASDAQ:PLMR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.17. The company had revenue of $314.42 million for the quarter, compared to analysts’ expectations of $621.52 million. Palomar had a net margin of 18.61% and a return on equity of 23.28%. During the same period in the prior year, the company posted $1.76 EPS. Equities analysts expect that Palomar will post 9.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PLMR. Weiss Ratings raised shares of Palomar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Zacks Research cut Palomar from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Keefe, Bruyette & Woods boosted their price objective on Palomar from $166.00 to $167.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Evercore set a $152.00 price objective on Palomar in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on Palomar from $150.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Palomar presently has an average rating of “Moderate Buy” and an average target price of $162.75.

Palomar Company Profile

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.