Zacks Research Issues Positive Estimate for Palomar Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research lifted their FY2026 earnings estimates for Palomar in a report released on Tuesday, December 24th. Zacks Research analyst S. Sarkar now expects that the company will post earnings per share of $6.64 for the year, up from their previous forecast of $6.55. The consensus estimate for Palomar’s current full-year earnings is $4.33 per share.

Several other research analysts have also weighed in on the company. Keefe, Bruyette & Woods upped their price target on Palomar from $120.00 to $136.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Piper Sandler upped their target price on Palomar from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price target on shares of Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group boosted their price objective on shares of Palomar from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Palomar currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.67.

Palomar Stock Down 0.8 %

PLMR opened at $104.39 on Friday. The firm has a market capitalization of $2.76 billion, a P/E ratio of 24.80 and a beta of 0.36. The stock has a fifty day moving average of $102.81 and a 200-day moving average of $95.19. Palomar has a 12-month low of $54.50 and a 12-month high of $112.90.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. Palomar had a net margin of 21.55% and a return on equity of 19.65%. The business had revenue of $148.50 million during the quarter, compared to the consensus estimate of $134.72 million. During the same quarter in the prior year, the firm earned $0.80 EPS.

Institutional Trading of Palomar

Large investors have recently made changes to their positions in the stock. State Street Corp grew its stake in Palomar by 3.0% in the 3rd quarter. State Street Corp now owns 1,097,702 shares of the company’s stock valued at $103,919,000 after buying an additional 32,151 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Palomar by 3.2% during the third quarter. Geode Capital Management LLC now owns 600,092 shares of the company’s stock valued at $56,822,000 after acquiring an additional 18,335 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Palomar by 15.0% during the second quarter. Dimensional Fund Advisors LP now owns 508,870 shares of the company’s stock valued at $41,295,000 after acquiring an additional 66,478 shares during the period. Emerald Advisers LLC grew its position in shares of Palomar by 1.9% in the third quarter. Emerald Advisers LLC now owns 449,973 shares of the company’s stock valued at $42,599,000 after purchasing an additional 8,601 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in shares of Palomar by 24.5% in the third quarter. Westfield Capital Management Co. LP now owns 394,408 shares of the company’s stock worth $37,339,000 after purchasing an additional 77,552 shares during the period. Institutional investors own 90.25% of the company’s stock.

Insider Transactions at Palomar

In related news, CEO Mac Armstrong sold 7,000 shares of the company’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $96.28, for a total value of $673,960.00. Following the completion of the sale, the chief executive officer now directly owns 433,388 shares in the company, valued at approximately $41,726,596.64. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO T Christopher Uchida sold 1,030 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $97.65, for a total value of $100,579.50. Following the transaction, the chief financial officer now owns 17,543 shares in the company, valued at approximately $1,713,073.95. This trade represents a 5.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,356 shares of company stock valued at $2,855,805 in the last three months. Corporate insiders own 4.30% of the company’s stock.

Palomar Company Profile

Palomar Holdings, Inc, a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance.