|Bid||26.09 x 1100|
|Ask||26.47 x 800|
|Day's Range||25.45 - 27.00|
|52 Week Range||18.06 - 27.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||117.96|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.00|
Every investor in Palomar Holdings, Inc. (NASDAQ:PLMR) should be aware of the most powerful shareholder groups...
The July 4, 2019 6.4 magnitude earthquake that struck Searles Valley, California, proved to be a foreshock for a larger 7.1 magnitude earthquake that struck near Ridgecrest, California on July 5, 2019. The July 5th earthquake was the largest in Southern California in the past 20 years with an epicenter located approximately seven miles northwest of the July 4th earthquake epicenter. The total insured value of Palomar policies within a one hundred-mile radius of the epicenter is considerably less than Palomar’s excess of loss reinsurance program.
San Diego-based insurer Palomar Holdings Inc. issued a statement in the wake of the 6.4 magnitude earthquake that hit Searles Valley, Calif. on July 4, the largest in Southern California in the past 20 years. The specialty property insurer said its exposure included 14 residential earthquake policies within a 30-mile radius of the quake's epicenter, 22 total residential policies within a 50-mile radius and no commercial properties within a 50-mile radius. The company said the total insured value of its policies within a 100-mile radius of the epicenter is "considerably less" than its excess of loss insurance. The stock rose 0.5% in afternoon trading, but was down as much as 1.1% earlier in the session. The stock went public on April 17; since the close of its first day, it has rallied 28%, while the SPDR S&P Insurance ETF has climbed 8.3% and the S&P 500 has advanced 3.0%.
On July 4, 2019 a 6.4 magnitude earthquake struck Searles Valley, California, a remote part of Kern County. This earthquake was the largest in Southern California in the past 20 years. The total insured value of Palomar policies within a one hundred-mile radius of the epicenter is considerably less than Palomar’s excess of loss reinsurance program.
Specialty property insurer Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced the successful completion of certain reinsurance programs renewing and incepting at June 1, 2019. The Company renewed $470 million of its core reinsurance program, inclusive of Torrey Pines Re, Palomar’s catastrophe bond, and purchased $200 million of incremental limit at the top of its reinsurance tower. Effective June 1, 2019, the Company’s reinsurance program provides coverage up to $1.05 billion for earthquake events. This incremental limit allows Palomar to maintain a cushion above the 1:250 year peak zone probable maximum loss and significantly exceeds simulated losses from any recorded historical event. As of March 31, 2019, a theoretical earthquake equivalent to the 1994 Northridge or 1906 San Francisco earthquake would generate a gross loss of $669 million or $580 million, respectively.
Specialty property insurer Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced that Mac Armstrong, Chief Executive Officer and Founder, is scheduled to present at the William Blair Growth Stock Conference at the Loews Chicago Hotel on Thursday, June 6, 2019 at 3:20 p.m. (Central Time). Interested investors and other parties can access a live webcast of the presentation by visiting the Investors section of Palomar’s website at http://ir.palomarspecialty.com/. Palomar is an innovative insurer that focuses on the provision of specialty property insurance for residential and commercial clients.
Specialty property insurer Palomar Holdings, Inc. (PLMR) (‘Palomar’ or the ‘Company’) today announced that Catriona M. Fallon has been appointed to the Company’s Board of Directors as a member of the Board effective May 21, 2019. “On behalf of Palomar Holdings’ Board of Directors and management team, I am pleased to welcome Catriona to our Board of Directors,” commented Mac Armstrong, Chief Executive Officer and Founder. Ms. Fallon is currently Chief Financial Officer at Hitachi Vantara, a wholly owned subsidiary of Hitachi, Ltd., leading the company’s global financial reporting and analysis, controllership, tax, treasury, internal audit and controls, real estate, facilities and financial shared services. Ms. Fallon serves on the board of directors for Cray Inc., the supercomputing company, and has more than 20 years of finance, corporate strategy and development experience.
Applied Materials was among Friday's few early leaders as stocks skidded lower and Caterpillar and Apple dragged on the Dow Jones industrials.
LA JOLLA, Calif., May 16, 2019 -- Palomar Holdings, Inc. (NASDAQ:PLMR) (‘Palomar’ or the ‘Company’) reported a net loss of $14.4 million, or ($0.85) per diluted share, for the.
After pricing on the low end of its initial range, Palomar Holdings Inc. (PLMR) has performed well since going public in April. Palomar Holdings closed at $19.88 on Friday, down 0.60%. Warning! GuruFocus has detected 3 Warning Signs with EGO.
AM Best has assigned a Long-Term Issuer Credit Rating of “bbb-” to Palomar Holdings, Inc. , the ultimate parent and insurance holding company of Palomar Specialty Insurance Company and Palomar Specialty Reinsurance Company Bermuda Ltd.
Shares of specialty insurance company Palomar Holdings skyrocketed in its first day of trading on Wednesday. Yahoo Finance talks with CEO Mac Armstrong about the business.
Climate change exacerbates the risk of natural disasters. To prepare for these dire scenarios, catastrophe insurer Palomar Holdings is turning to the public markets . The IPO Palomar will issue more than ...
For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . The IPO dates below are expected but not confirmed. Brainsway Ltd (BWAY) will issue 2.5 million shares at $11.94 Wednesday ...