Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 17th will be given a dividend of $0.45 per share on Wednesday, December 2nd. This represents a $1.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Tuesday, November 17th.
Palomar Stock Performance
PLMR traded up $0.89 on Friday, hitting $159.20. 146,781 shares of the stock traded hands, compared to its average volume of 331,962. The business has a fifty day moving average price of $137.60 and a two-hundred day moving average price of $127.70. The company has a current ratio of 0.49, a quick ratio of 0.50 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.19 billion, a PE ratio of 19.92 and a beta of 0.28. Palomar has a 52 week low of $100.81 and a 52 week high of $162.08.
Palomar (NASDAQ:PLMR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.45. The company had revenue of $386.59 million during the quarter, compared to the consensus estimate of $754.28 million. Palomar had a return on equity of 25.27% and a net margin of 17.60%. During the same quarter last year, the company earned $2.01 EPS. On average, research analysts predict that Palomar will post 9.29 EPS for the current fiscal year.
About Palomar
Palomar Holdings, Inc. is a specialty property insurer that provides coverage for risks that can be difficult to insure through standard policies. Its offerings include earthquake, hurricane, flood and wildfire insurance, along with specialty homeowners and commercial property coverage. The company distributes its products through a network of agents, brokers and other partners, serving customers in the United States. Its business has grown from an initial focus on earthquake insurance into a broader range of specialty insurance markets.
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