Jefferies analyst Andrew Anderson lowered the firm’s price target on Palomar to $57 from $59 and keeps a Hold rating on the shares. The analyst expects the company to continue to post above commercial property and casualty peer growth and margins, but says this is already reflected in the stock’s multiple.
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Read More on PLMR:
- Palomar Holdings, Inc. Announces Strategic Underwriting Hire to Expand Casualty Franchise
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- Palomar sees FY23 adjusted net income $89M-$93M
- Palomar reports Q2 adjusted EPS 86c, consensus 83c
