FY2026 Earnings Forecast for Palomar Issued By William Blair

Key Points

• William Blair analysts project that Palomar Holdings, Inc. will earn $8.03 per share in FY2026, significantly higher than the current full-year estimate of $5.99 per share.
• Palomar's stock has a consensus target price of $156.67, reflecting an average rating of "Moderate Buy" with five analysts giving it a Buy rating.
• The company's recent quarterly results showed revenue of $65.74 million and a return on equity of 20.35%, indicating solid financial performance.

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Analysts at William Blair issued their FY2026 earnings estimates for Palomar in a research report issued to clients and investors on Thursday, October 9th. William Blair analyst A. Klauber expects that the company will earn $8.03 per share for the year. The consensus estimate for Palomar's current full-year earnings is $5.99 per share.

Palomar (NASDAQ:PLMR - Get Free Report) last issued its quarterly earnings results on Friday, December 16th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $65.74 million for the quarter. Palomar had a return on equity of 20.35% and a net margin of 22.71%.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded Palomar from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Keefe, Bruyette & Woods lowered their price target on Palomar from $204.00 to $172.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Piper Sandler lowered their price target on Palomar from $177.00 to $151.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Palomar in a research report on Wednesday, October 8th. Finally, Evercore ISI lowered their price target on Palomar from $168.00 to $134.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 1st. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Palomar currently has an average rating of "Moderate Buy" and a consensus target price of $156.67.

Palomar Stock Performance

Shares of NASDAQ:PLMR opened at $118.07 on Monday. The company has a market cap of $3.16 billion, a P/E ratio of 20.75 and a beta of 0.30. The stock's 50-day moving average is $119.53 and its 200-day moving average is $139.31. Palomar has a 52-week low of $85.00 and a 52-week high of $175.85.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its position in shares of Palomar by 3.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,461 shares of the company's stock worth $363,000 after purchasing an additional 90 shares in the last quarter. KBC Group NV boosted its position in shares of Palomar by 9.1% during the first quarter. KBC Group NV now owns 1,140 shares of the company's stock worth $156,000 after purchasing an additional 95 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Palomar by 0.4% during the second quarter. California State Teachers Retirement System now owns 24,207 shares of the company's stock worth $3,734,000 after purchasing an additional 97 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Palomar by 1.7% during the second quarter. Bank of Montreal Can now owns 5,766 shares of the company's stock worth $889,000 after purchasing an additional 98 shares in the last quarter. Finally, Hohimer Wealth Management LLC boosted its position in shares of Palomar by 3.9% during the first quarter. Hohimer Wealth Management LLC now owns 2,617 shares of the company's stock worth $359,000 after purchasing an additional 99 shares in the last quarter. Institutional investors own 90.25% of the company's stock.

Insiders Place Their Bets

In related news, insider Jonathan Knutzen sold 281 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $120.13, for a total value of $33,756.53. Following the completion of the sale, the insider owned 21,210 shares in the company, valued at approximately $2,547,957.30. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard H. Taketa bought 500 shares of Palomar stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of $121.14 per share, with a total value of $60,570.00. Following the purchase, the director owned 44,226 shares of the company's stock, valued at $5,357,537.64. This trade represents a 1.14% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 21,905 shares of company stock valued at $2,839,676 in the last quarter. 3.70% of the stock is currently owned by insiders.

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.

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