Palomar Holdings Intrinsic Value – President Jon Christianson Sells Shares of Palomar Holdings, Raising Insider Sell Alert
December 23, 2023
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Palomar Holdings ($NASDAQ:PLMR) Inc. recently experienced an insider sell alert, with President Jon Christianson offloading some of his shares. This has raised alarm bells amongst investors, as insider sell activity can be seen as a sign of decreased confidence in the company. Palomar Holdings Inc. is a financial services holding company specializing in insurance, reinsurance, and investments. It offers a range of products and services, including representative payee services, risk management consulting, and insurance program design.
The company is based in San Diego, California, and has subsidiaries in the United States, the United Kingdom, Bermuda, and the Cayman Islands. Palomar Holdings Inc. is publicly traded on the New York Stock Exchange under the symbol PLMR.
Price History
Palomar Holdings Inc. opened at $58.6 on the stock market, but closed at $58.3. This insider sell has raised questions about the company’s performance, as insiders generally have a better understanding of the company’s true financial status. It is unclear why Jon Christianson chose to sell his shares, but the decrease in stock price could indicate that investors are losing confidence in Palomar Holdings. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Palomar Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 359.16 | 72.06 | 20.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Palomar Holdings. More…
| Operations | Investing | Financing |
| 109.99 | -156.81 | 5.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Palomar Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.63k | 1.21k | 17.04 |
Key Ratios Snapshot
Some of the financial key ratios for Palomar Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.7% | – | 27.4% |
| FCF Margin | ROE | ROA |
| 28.7% | 14.7% | 3.8% |
Analysis – Palomar Holdings Intrinsic Value
At GoodWhale, we have conducted an analysis of the fundamentals of PALOMAR HOLDINGS. Our proprietary Valuation Line has calculated the intrinsic value of PALOMAR HOLDINGS share at around $92.2. This indicates that currently the stock is trading at $58.3, which means it is undervalued by 36.8%. We believe that this presents a good opportunity for investors to acquire PALOMAR HOLDINGS’ stock at a discounted price. We recommend investors to do their own research and consult with financial advisors before making any investment decisions. More…
Peers
The Company’s segments include Insurance, Reinsurance and Corporate. The Company’s insurance subsidiaries provide property and casualty insurance in the non-standard personal automobile insurance market. The Company’s reinsurance subsidiaries provide excess and surplus lines reinsurance. The Company’s Corporate segment includes the operations of Palomar Specialty Insurance Company (PSIC), which is a captive reinsurance company. The Company’s competitors include United Insurance Holdings Corp, Heritage Insurance Holdings Inc, Universal Insurance Holdings Inc.
– United Insurance Holdings Corp ($NASDAQ:UIHC)
United Insurance Holdings Corp is a property and casualty insurance holding company. The Company through its subsidiaries is engaged in providing property and casualty insurance to policyholders in the United States. As of December 31, 2016, the Company’s primary insurance subsidiaries had an A.M. Best rating of A- (Excellent).
– Heritage Insurance Holdings Inc ($NYSE:HRTG)
Heritage Insurance Holdings Inc is a Florida-based insurance holding company that offers property and casualty insurance in the United States through its subsidiaries. The company has a market cap of $37.99 million and a return on equity of -49.54%. Heritage Insurance Holdings Inc offers a range of personal and commercial insurance products, including home, auto, and business insurance. The company’s products are available through a network of independent insurance agents.
– Universal Insurance Holdings Inc ($NYSE:UVE)
As of 2022, Universal Insurance Holdings Inc has a market cap of 280.44M. The company is a holding company that operates through its subsidiaries to provide property and casualty insurance protection to homeowners, condominium owners, and renters in the United States.
Summary
Palomar Holdings Inc. has recently seen significant insider activity from President Jon Christianson. Christianson has sold a substantial amount of shares, indicating a possible downturn in the stock’s performance. Investors should be cautious when considering investing in Palomar Holdings, as it could signify that the company is facing internal issues. Fundamental analysis should be conducted to ensure that the company is still in a strong financial position, and that the drop in share prices is not indicative of a long-term downturn.
Additionally, investors should evaluate the current market conditions to determine if now is an opportune time to invest in Palomar Holdings. It may be beneficial to wait for further developments or for a general improvement in the market before investing in the company.
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