In a report released today, Matthew Carletti from JMP Securities reiterated a Buy rating on Palomar Holdings (PLMR – Research Report), with a price target of $85.00. The company’s shares closed last Wednesday at $57.48.
According to TipRanks.com, Carletti is a 3-star analyst with an average return of 2.6% and a 54.7% success rate. Carletti covers the Financial sector, focusing on stocks such as Argo Group International Holdings, Heritage Insurance Holdings, and Old Republic International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Palomar Holdings with a $79.00 average price target.
The company has a one-year high of $97.18 and a one-year low of $44.01. Currently, Palomar Holdings has an average volume of 145.8K.
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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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