In a report released on August 5, Tracy Benguigui from Barclays maintained a Buy rating on Palomar Holdings (PLMR – Research Report), with a price target of $80.00. The company’s shares closed last Friday at $71.83.
According to TipRanks, Benguigui is a 2-star analyst with an average return of 0.7% and a 43.00% success rate. Benguigui covers the Financial sector, focusing on stocks such as Allstate, Unum Group, and James River Group.
Palomar Holdings has an analyst consensus of Strong Buy, with a price target consensus of $80.71, implying a 12.36% upside from current levels. In a report released yesterday, KBW also maintained a Buy rating on the stock with a $88.00 price target.
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PLMR market cap is currently $1.81B and has a P/E ratio of 40.40.
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Palomar Holdings, Inc. operates as an insurance holding company. It focuses 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. The firm offers property and casualty insurance. The company was founded on October 4, 2013 and is headquartered in La Jolla, CA.
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