Palomar Stock Earnings Estimates Lowered by Zacks Research

Key Points

• Zacks Research lowered Palomar’s FY2026 EPS estimate to $9.17 from $9.18, below the $9.30 consensus forecast, while maintaining a “Strong Buy” rating.
• Analyst sentiment remains positive: Palomar has a consensus “Buy” rating and an average price target of $162.75, compared with shares opening at $126.49.
• Palomar recently reported quarterly EPS of $2.36, exceeding estimates of $2.19, and pays a quarterly dividend of $0.45 per share, representing a 1.4% yield.

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Research analysts at Zacks Research lowered their FY2026 EPS estimates for Palomar in a report released on Thursday, October 1st. Zacks Research analyst Team now expects that the company will earn $9.17 per share for the year, down from their prior forecast of $9.18. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Palomar's current full-year earnings is $9.30 per share. Zacks Research also issued estimates for Palomar's Q1 2027 earnings at $2.33 EPS, Q3 2027 earnings at $2.81 EPS, Q4 2027 earnings at $2.75 EPS, FY2027 earnings at $10.19 EPS and Q3 2028 earnings at $2.29 EPS.

PLMR has been the subject of several other research reports. Keefe, Bruyette & Woods lifted their price target on Palomar from $166.00 to $167.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Evercore set a $152.00 price objective on Palomar in a research report on Friday, July 10th. Weiss Ratings raised Palomar from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, September 24th. JPMorgan Chase & Co. lifted their target price on Palomar from $150.00 to $167.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Finally, Piper Sandler boosted their target price on Palomar from $132.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat, Palomar presently has a consensus rating of "Buy" and an average target price of $162.75.

Palomar Price Performance

Shares of NASDAQ PLMR opened at $126.49 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.30. Palomar has a 12-month low of $100.81 and a 12-month high of $147.62. The firm's 50-day moving average price is $132.20 and its 200-day moving average price is $125.36. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 17.00 and a beta of 0.35.

Palomar (NASDAQ:PLMR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.17. Palomar had a net margin of 18.61% and a return on equity of 23.28%. The business had revenue of $314.42 million during the quarter, compared to analysts' expectations of $621.52 million. During the same period last year, the company posted $1.76 EPS.

Palomar Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. Palomar's payout ratio is currently 24.19%.

Insider Activity at Palomar

In related news, insider Jonathan Knutzen sold 296 shares of the company's stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $127.75, for a total transaction of $37,814.00. Following the transaction, the insider directly owned 28,250 shares in the company, valued at approximately $3,608,937.50. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mac Armstrong sold 3,500 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $134.98, for a total transaction of $472,430.00. Following the completion of the sale, the chief executive officer directly owned 318,888 shares in the company, valued at $43,043,502.24. This trade represents a 1.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 16,322 shares of company stock worth $2,198,116 in the last three months. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Palomar

Several hedge funds and other institutional investors have recently modified their holdings of PLMR. Arizona State Retirement System raised its stake in Palomar by 1.2% in the 2nd quarter. Arizona State Retirement System now owns 7,364 shares of the company's stock worth $931,000 after acquiring an additional 84 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Palomar by 81.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company's stock worth $40,000 after acquiring an additional 132 shares during the period. Strs Ohio grew its stake in Palomar by 2.3% during the 1st quarter. Strs Ohio now owns 8,900 shares of the company's stock valued at $1,064,000 after purchasing an additional 200 shares during the last quarter. KBC Group NV increased its holdings in shares of Palomar by 38.0% in the first quarter. KBC Group NV now owns 1,017 shares of the company's stock valued at $122,000 after purchasing an additional 280 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Palomar in the second quarter worth about $43,000. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Palomar Company Profile

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products for risks that may be underserved by standard insurance carriers. The company focuses on markets where specialized underwriting expertise is important, including catastrophe-exposed property and other complex commercial and personal insurance risks.

Its offerings include commercial and residential property coverage, casualty insurance, specialty programs, and other products designed for areas such as earthquake, wind, flood, and other natural catastrophe exposures.

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