Keefe Bruyette lowered the firm’s price target on Palomar (PLMR) to $204 from $205 and keeps an Outperform rating on the shares. The partnership with MGA Neptune Flood implies faster gross written premium growth once the deal becomes effective in October 2025, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLMR:
- Palomar, Neptune partner to accelerate growth in U.S. flood insurance market
- Palomar Holdings: Strong Growth Potential and Favorable Market Conditions Justify Buy Rating
- Palomar Holdings: Strong Growth Trajectory and Strategic Market Positioning Justify Buy Rating
- Palomar Holdings: Strong Reinsurance Placements and Financial Guidance Boost Buy Rating
- Palomar price target raised to $168 from $163 at Evercore ISI