Palomar Holdings Intrinsic Value Calculation – Janney Montgomery Scott LLC Increases Investment in Palomar Holdings,
August 10, 2023
🌥️Trending News
Janney Montgomery Scott LLC has recently increased their stock holdings in Palomar Holdings ($NASDAQ:PLMR), Inc., as reported by Defense World. The company provides innovative insurance and reinsurance solutions to small and medium-sized businesses, as well as to individuals, by utilizing advanced analytics, data, and technology. The company aims to revolutionize the way insurance and reinsurance products are delivered to customers and is focused on creating a simpler and more efficient way of doing business. Palomar’s products include both personal lines and commercial lines insurance, as well as specialty lines of coverage such as cyber security, aviation, and professional liability.
The company also offers other services such as risk management and customer service. By investing in Palomar Holdings, Inc., Janney Montgomery Scott LLC is showing its confidence in the company’s ability to deliver innovative solutions that meet the needs of its customers. The company’s commitment to utilizing advanced analytics and technology to offer better products and services will ensure that it remains a leader in the sector for years to come.
Share Price
Janney Montgomery Scott LLC recently increased its investment in Palomar Holdings, Inc. On Monday, the company’s stock opened at $58.7 and closed at $58.4, representing a decrease of 0.2% from its previous closing prices of $58.5. This indicates that the market is responding positively to Janney Montgomery Scott LLC’s investment, though the impact is minimal in terms of share prices. Nevertheless, Palomar Holdings, Inc. is confident that the company will benefit from the increased investment and build on its current success. 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 |
| 348.91 | 57.92 | 16.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Palomar Holdings. More…
| Operations | Investing | Financing |
| 137.83 | -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 |
| 1.55k | 1.13k | 16.69 |
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 |
| 33.6% | – | 22.5% |
| FCF Margin | ROE | ROA |
| 37.7% | 12.0% | 3.2% |
Analysis – Palomar Holdings Intrinsic Value Calculation
Our analysis of PALOMAR HOLDINGS‘s wellbeing has revealed that the intrinsic value of their shares is around $108.7, as determined by our proprietary Valuation Line. This is a significant difference when compared to the current trading price of $58.4; suggesting that the stock is currently undervalued by 46.3%. Our research has further highlighted potential catalysts to consider when evaluating PALOMAR HOLDINGS’s financial health. More…
Peers
The Company’s segments include Insurance, Reinsurance and Corporate. The Company’s insurance subsidiaries provide property and casualty insurance in the non-standard personal automobile insurance market. The Company’s reinsurance subsidiaries provide excess and surplus lines reinsurance. The Company’s Corporate segment includes the operations of Palomar Specialty Insurance Company (PSIC), which is a captive reinsurance company. The Company’s competitors include United Insurance Holdings Corp, Heritage Insurance Holdings Inc, Universal Insurance Holdings Inc.
– United Insurance Holdings Corp ($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
Janney Montgomery Scott LLC, a US-based investment and financial services firm, has recently boosted its stock position in Palomar Holdings, Inc. This increase in stock value indicates that the firm is confident in the company’s performance and potential for growth. Analysts have pointed to Palomar’s recent success in providing insurance solutions to businesses and other organizations as a major factor in the company’s positive outlook.
In addition, Palomar’s strong leadership and strategic investments have allowed it to rapidly expand its customer base and increase its market share. These positive numbers have helped increase investor confidence in the business. Palomar’s experienced management team has also been instrumental in driving the company’s success. They have implemented a strategy of targeted expansion and cost management, which has enabled the company to remain profitable while investing in new projects. Overall, analysts are optimistic about Palomar Holdings’ future prospects, and Janney Montgomery Scott LLC’s decision to increase its stock position is a strong endorsement of the business. With further innovation, strategic investments and increasing customer engagement, Palomar Holdings could experience even more success in the near future.
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