Piper Sandler raised the firm’s price target on Palomar (PLMR) to $177 from $171 and keeps an Overweight rating on the shares. The firm notes Palomar announced the completion of certain June 1 reinsurance programs and increased its full year 2025 adjusted net income guidance. Favorable reinsurance pricing and increased capacity to drive growth in its earthquake business were cited as drivers of the increased guidance, Piper adds.
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Read More on PLMR:
- Palomar price target raised to $205 from $195 at Keefe Bruyette
- Palomar Holdings Completes Reinsurance Programs, Boosts Guidance
- Palomar completes certain reinsurance programs, increases FY25 net income view
- Palomar Holdings Concludes Annual Stockholders Meeting
- Palomar price target raised to $195 from $145 at Keefe Bruyette