Insurer Palomar jumps after raising annual profit forecast

Palomar Holdings

29/05/2024 17:27

** Shares of specialty insurer Palomar Holdings  PLMR.O 
rise as much as 6%; last up 4.5% at $84.85
    ** Late on Tuesday, PLMR raised its forecast for annual adj.
profit to between $122 mln and $128 mln from its prior range of
$113 mln to $118 mln
    ** As of last close, PLMR shares were up 46.3% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))