Why These 15 Insurance Stocks Are Skyrocketing So Far In 2025

9. Palomar Holdings Inc (NASDAQ:PLMR)

Number of Hedge Fund Holders In Q4 2024: 20

Palomar Holdings Inc (NASDAQ:PLMR) is a specialty insurance company that provides property and casualty insurance products.

The stock is up significantly so far in 2025 after solid Q4 2024 earnings. Net income increased 35% to $35 million and gross written premiums grew 23.3% to $373.3 million. Adjusted net income grew 47.5% to $41.3 million.

Guidance is also solid, with management projecting adjusted net income between $180 million and $192 million. It anticipates mid-to-high teens growth in earthquake premiums. Moreover, crop insurance premiums are expected to reach $200 million.

Last month, the stock rose following the completion of a $25 million First Indemnity of America Insurance acquisition.

The consensus price target of $127.33 implies 6.94% upside.

PLMR is up 12.69% year-to-date.