Analyst Andrew Andersen from Jefferies maintained a Buy rating on Palomar Holdings (PLMR – Research Report) and keeping the price target at $190.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Andrew Andersen has given his Buy rating due to a combination of factors that highlight Palomar Holdings’ strong growth potential and favorable market conditions. The company is experiencing robust growth across its portfolio, with only limited areas of competition, which supports a positive outlook. Additionally, the favorable reinsurance pricing is expected to boost earnings in the latter half of 2025 and into 2026, providing a significant tailwind.
Moreover, Andersen maintains confidence in Palomar’s earnings estimates for 2025 and 2026, which are above the consensus due to higher net investment income and improved combined ratios. The company’s strategic reinsurance arrangements, particularly in earthquake exposure, have been renewed with better-than-expected pricing, enhancing its ability to support growth. These factors, along with stable residential and small commercial earthquake markets, underpin Andersen’s optimistic view and the Buy rating for Palomar Holdings.