Palomar Holdings shares are trading higher after the company announced it successfully completed the June 1st reinsurance renewal and raised its FY23 adjusted net income guidance.
Portfolio Pulse from Benzinga Newsdesk
Palomar Holdings announced the successful completion of its June 1st reinsurance renewal and raised its FY23 adjusted net income guidance, leading to higher trading of its shares.
May 31, 2023 | 3:40 pm
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POSITIVE IMPACT
Palomar Holdings successfully completed its reinsurance renewal and raised its FY23 adjusted net income guidance, resulting in higher share prices.
The successful completion of the reinsurance renewal and the raised FY23 adjusted net income guidance indicate positive financial performance for Palomar Holdings. This news is likely to boost investor confidence and drive the share price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100