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

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

Palomar Price Performance

Shares of NASDAQ PLMR 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 debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49. The company’s 50-day moving average is $125.19 and its 200 day moving average is $123.58. The stock has a market capitalization of $3.61 billion, a P/E ratio of 18.96 and a beta of 0.40.

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

About Palomar

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.