Asset manager Conestoga Capital Advisors noted in its Q2 2026 investor letter that shares of specialty property and casualty insurer Palomar Holdings (PLMR) have underperformed despite the company's strong premium growth and profitability. The firm believes this is due to investors maintaining a cautious stance on the industry after a period of outperformance. As of August 6, PLMR's stock price was $136.82, up 1.53% year-to-date.