Emerald Investment Advisers LLC Makes New $6.17 Million Investment in Palomar Holdings, Inc. $PLMR

Emerald Investment Advisers LLC purchased a new position in shares of Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,821 shares of the company's stock, valued at approximately $6,170,000. Emerald Investment Advisers LLC owned approximately 0.19% of Palomar as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Palomar in the second quarter valued at about $556,348,000. Vanguard Group Inc. grew its holdings in Palomar by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 2,698,278 shares of the company's stock worth $363,620,000 after acquiring an additional 67,038 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Palomar by 17.4% during the 1st quarter. Janus Henderson Group PLC now owns 933,993 shares of the company's stock worth $111,664,000 after acquiring an additional 138,368 shares during the last quarter. Westfield Capital Management Co. LP increased its position in Palomar by 13.8% in the 4th quarter. Westfield Capital Management Co. LP now owns 840,226 shares of the company's stock valued at $113,229,000 after acquiring an additional 101,698 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in Palomar by 3.0% in the 1st quarter. Stephens Investment Management Group LLC now owns 714,914 shares of the company's stock valued at $85,432,000 after acquiring an additional 20,597 shares during the period. Institutional investors and hedge funds own 90.25% of the company's stock.

Insiders Place Their Bets

In other Palomar news, insider Timothy Carter sold 480 shares of the company's stock in a transaction on Sunday, June 28th. The shares were sold at an average price of $124.29, for a total transaction of $59,659.20. Following the sale, the insider owned 1,670 shares of the company's stock, valued at approximately $207,564.30. This represents a 22.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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, June 22nd. The stock was sold at an average price of $112.96, for a total value of $395,360.00. Following the sale, the chief executive officer owned 329,388 shares of the company's stock, valued at approximately $37,207,668.48. The trade was a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,165 shares of company stock valued at $2,680,993 over the last quarter. Company insiders own 3.70% of the company's stock.

Palomar Stock Performance

NASDAQ:PLMR opened at $130.09 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.50 and a current ratio of 0.50. Palomar Holdings, Inc. has a fifty-two week low of $100.81 and a fifty-two week high of $147.62. The company has a 50 day simple moving average of $130.76 and a two-hundred day simple moving average of $123.92. The company has a market capitalization of $3.42 billion, a PE ratio of 17.49 and a beta of 0.40.

Palomar (NASDAQ:PLMR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 earnings per share (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 firm had revenue of $314.42 million for the quarter, compared to the consensus estimate of $621.52 million. During the same quarter in the previous year, the company earned $1.76 EPS. Research analysts anticipate that Palomar Holdings, Inc. will post 9.21 earnings per share for the current year.

Palomar Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.80 annualized dividend and a yield of 1.4%. Palomar's payout ratio is presently 24.19%.

Palomar News Roundup

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Strong premium growth and expansion in specialty insurance are expected to support Palomar’s earnings momentum. Analysts’ average price target of $162.75 and recent target increases reinforce the bullish view. Can Strong Premium Growth Sustain Palomar's Earnings Momentum?
• Positive Sentiment: Dowling & Partners expressed a positive view of Palomar’s fiscal 2026 earnings outlook, adding to expectations for continued profit growth. DOWLING & PARTN Has Positive View of Palomar FY2026 Earnings
• Positive Sentiment: Palomar’s latest quarterly results provide fundamental support: earnings per share of $2.36 exceeded the $2.19 consensus estimate, while profitability and return on equity remained strong.
• Neutral Sentiment: Several insiders, including the president, CFO and Jonathan Knutzen, sold relatively small portions of their holdings to cover tax withholding on vested equity awards. Because the transactions were not discretionary sales, they are less negative than typical insider selling, though they may limit near-term sentiment.
• Neutral Sentiment: Palomar declared a quarterly dividend of $0.45, equivalent to $1.80 annually and a yield of approximately 1.4%, providing modest shareholder support.
• Negative Sentiment: Competitive pricing could reduce premium profitability, while a higher combined ratio would pressure underwriting margins. These risks may temper the market’s response to otherwise strong growth expectations. Can Strong Premium Growth Sustain Palomar's Earnings Momentum?

Analysts Set New Price Targets

A number of equities analysts have recently commented on PLMR shares. Keefe, Bruyette & Woods lifted their price target on shares of Palomar from $166.00 to $167.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Weiss Ratings upgraded Palomar from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, June 18th. Zacks Research downgraded Palomar from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Evercore set a $152.00 target price on Palomar in a research report on Friday, July 10th. Finally, Piper Sandler lifted their target price on Palomar from $132.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $162.75.

Palomar Profile

Palomar Holdings, Inc NASDAQ: PLMR is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.

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