Zacks Research Weighs in on Palomar Holdings, Inc.'s FY2025 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Analysts at Zacks Research increased their FY2025 EPS estimates for Palomar in a research report issued to clients and investors on Wednesday, April 10th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $4.38 for the year, up from their prior estimate of $4.36. The consensus estimate for Palomar's current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Palomar's Q4 2025 earnings at $1.49 EPS.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The company had revenue of $102.35 million for the quarter, compared to analysts' expectations of $95.07 million. Palomar had a net margin of 21.07% and a return on equity of 19.35%.

Other equities analysts have also recently issued reports about the stock. Piper Sandler lifted their price target on shares of Palomar from $80.00 to $89.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. Truist Financial boosted their price objective on shares of Palomar from $72.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, February 16th. JPMorgan Chase & Co. cut shares of Palomar from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $79.00 to $85.00 in a research report on Monday. Keefe, Bruyette & Woods boosted their price objective on shares of Palomar from $88.00 to $89.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Evercore ISI boosted their price objective on shares of Palomar from $68.00 to $86.00 and gave the company an "in-line" rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $87.50.

Palomar Price Performance

Shares of NASDAQ PLMR traded down $1.40 during midday trading on Thursday, reaching $75.54. 140,974 shares of the stock were exchanged, compared to its average volume of 158,637. The business has a 50-day simple moving average of $74.54 and a two-hundred day simple moving average of $62.89. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 24.62 and a beta of 0.21. Palomar has a 12 month low of $46.09 and a 12 month high of $86.25.

Insider Buying and Selling at Palomar

In other Palomar news, President Jon Christianson sold 2,000 shares of Palomar stock in a transaction on Friday, January 12th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the president now directly owns 70,019 shares in the company, valued at approximately $4,201,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Palomar news, President Jon Christianson sold 2,000 shares of Palomar stock in a transaction on Friday, January 12th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the president now directly owns 70,019 shares in the company, valued at approximately $4,201,140. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO T Christopher Uchida sold 1,000 shares of the business's stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $60.30, for a total transaction of $60,300.00. Following the transaction, the chief financial officer now owns 29,686 shares in the company, valued at $1,790,065.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,509 shares of company stock worth $2,950,557. Insiders own 4.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Atwood & Palmer Inc. increased its stake in shares of Palomar by 66.7% during the 1st quarter. Atwood & Palmer Inc. now owns 750 shares of the company's stock worth $63,000 after purchasing an additional 300 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Palomar in the 4th quarter valued at about $493,000. Vanguard Group Inc. grew its stake in Palomar by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 2,363,067 shares of the company's stock valued at $131,150,000 after buying an additional 85,329 shares during the last quarter. Virtu Financial LLC acquired a new position in Palomar in the 4th quarter valued at about $338,000. Finally, Barclays PLC grew its stake in Palomar by 163.4% in the 4th quarter. Barclays PLC now owns 39,658 shares of the company's stock valued at $2,201,000 after buying an additional 24,599 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.

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.