Palomar Holdings, Inc. (NASDAQ:PLMR) Declares $0.45 Quarterly Dividend

Palomar Holdings, Inc. (NASDAQ:PLMR) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.45 per share on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Palomar Stock Performance

Palomar stock opened at $136.11 on Wednesday. Palomar has a 1-year low of $100.81 and a 1-year high of $147.62. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $3.61 billion, a PE ratio of 18.96 and a beta of 0.40. The firm’s 50 day simple moving average is $125.19 and its 200 day simple moving average is $123.58.

Palomar (NASDAQ:PLMR) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.17. The firm had revenue of $314.42 million during the quarter, compared to analyst estimates of $621.52 million. Palomar had a net margin of 20.11% and a return on equity of 22.62%. During the same period in the previous year, the business earned $1.76 EPS. As a group, analysts expect that Palomar will post 8.9 earnings per share for the current fiscal year.

Palomar Company Profile

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.