Palomar Holdings, Inc. - Common stock (PLMR)

Palomar Holdings, Inc. (NASDAQ: PLMR) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 9.3% on the day to $83.14.

AM Best has revised the outlook to positive from stable and affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” (Good) of Palomar Holdings, Inc. (Palomar) (Delaware) [NASDAQ: PLMR], the ultimate parent and insurance holding company of Palomar Specialty Insurance Company (PSIC) (headquartered in La Jolla, CA), Palomar Excess and Surplus Insurance Company (PESIC) (Phoenix, AZ) and Palomar Specialty Reinsurance Company Bermuda Ltd. (Palomar Re) (Bermuda). Concurrently, AM Best revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) of PSIC, PESIC and Palomar Re all members of Palomar.

Trupanion’s risk is sky high even though its share price is near a six-year low. In recent months, sentiment around Trupanion stock has improved.