Palomar (PLMR) Expected to Announce Earnings on Thursday

Palomar (NASDAQ:PLMR - Get Free Report) is expected to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect Palomar to post earnings of $1.61 per share and revenue of $161.97 million for the quarter.

Palomar (NASDAQ:PLMR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. On average, analysts expect Palomar to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Palomar Price Performance

Shares of PLMR traded down $0.52 during midday trading on Tuesday, reaching $148.82. The stock had a trading volume of 14,040 shares, compared to its average volume of 187,493. The firm's 50 day moving average price is $135.74 and its 200-day moving average price is $115.88. Palomar has a 52 week low of $77.17 and a 52 week high of $155.87. The company has a market capitalization of $3.98 billion, a P/E ratio of 33.21 and a beta of 0.46.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PLMR shares. Jefferies Financial Group lifted their price target on Palomar from $145.00 to $168.00 and gave the company a "buy" rating in a report on Friday, April 11th. Piper Sandler upped their price target on Palomar from $133.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of Palomar in a research report on Thursday, February 13th. Keefe, Bruyette & Woods dropped their price target on shares of Palomar from $155.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, Truist Financial raised their target price on shares of Palomar from $150.00 to $178.00 and gave the company a "buy" rating in a research note on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Palomar currently has a consensus rating of "Moderate Buy" and an average target price of $148.33.

Insider Activity at Palomar

In related news, CFO T Christopher Uchida sold 507 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $108.34, for a total transaction of $54,928.38. Following the transaction, the chief financial officer now directly owns 17,845 shares of the company's stock, valued at approximately $1,933,327.30. This represents a 2.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mac Armstrong sold 5,000 shares of Palomar stock in a transaction on Monday, April 21st. The shares were sold at an average price of $145.41, for a total transaction of $727,050.00. Following the completion of the sale, the chief executive officer now directly owns 397,388 shares of the company's stock, valued at approximately $57,784,189.08. The trade was a 1.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,342 shares of company stock valued at $3,198,841. 3.70% of the stock is 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.