Palomar Holdings: Strong Growth Trajectory and Strategic Market Positioning Justify Buy Rating

William Blair analyst Adam Klauber has maintained their bullish stance on PLMR stock, giving a Buy rating on May 30.

Adam Klauber has given his Buy rating due to a combination of factors including Palomar Holdings’ strong growth trajectory and strategic market positioning. The company has demonstrated robust top-line growth and maintained leading underwriting margins by expanding into profitable product lines and diversifying its revenue streams through fee-generating businesses.
Furthermore, Palomar’s growth outlook appears promising due to its low market penetration, favorable rate environment, and geographic expansion opportunities supported by recent personnel investments. The potential for strong earnings momentum over the coming years is evident, as reflected in the raised EPS estimate for 2025, which suggests a significant growth rate. These elements collectively underpin Klauber’s positive outlook on Palomar Holdings.

In another report released on May 30, Jefferies also reiterated a Buy rating on the stock with a $190.00 price target.