Research Analysts Set Expectations for Palomar Q1 Earnings

Key Points

• Zacks Research has raised its Q1 2026 earnings estimate for Palomar to $1.87 per share, indicating a slight increase from the previous estimate of $1.85.
• Palomar has a consensus rating of "Moderate Buy" with an average price target of $156.67 according to MarketBeat data, despite recent price target reductions from several brokerages.
• Insider activity has been notable, with both the CFO and COO selling shares at prices significantly above the current trading levels, indicating potential concerns among executives about stock performance.

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Zacks Research raised their Q1 2026 earnings estimates for shares of Palomar in a research report issued to clients and investors on Tuesday, October 14th. Zacks Research analyst Team now forecasts that the company will earn $1.87 per share for the quarter, up from their prior estimate of $1.85. The consensus estimate for Palomar's current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar's Q2 2026 earnings at $1.78 EPS.

Several other brokerages also recently commented on PLMR. Keefe, Bruyette & Woods reduced their price objective on shares of Palomar from $204.00 to $172.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Piper Sandler reduced their price objective on shares of Palomar from $177.00 to $151.00 and set an "overweight" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of Palomar from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. JPMorgan Chase & Co. reduced their price objective on shares of Palomar from $158.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, October 9th. Finally, Evercore ISI reduced their price target on shares of Palomar from $168.00 to $134.00 and set an "in-line" rating for the company in a research report on Wednesday, October 1st. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Palomar has a consensus rating of "Moderate Buy" and an average price target of $156.67.

Palomar Stock Up 1.1%

Shares of PLMR stock opened at $119.48 on Wednesday. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 21.00 and a beta of 0.30. Palomar has a 52 week low of $85.00 and a 52 week high of $175.85. The firm has a 50 day moving average of $119.41 and a 200-day moving average of $139.04.

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

Hedge Funds Weigh In On Palomar

Hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new position in Palomar during the 1st quarter worth $276,000. Principal Financial Group Inc. raised its stake in shares of Palomar by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 151,237 shares of the company's stock worth $20,732,000 after purchasing an additional 3,697 shares during the period. Informed Momentum Co LLC bought a new stake in shares of Palomar during the 1st quarter worth $4,894,000. HighTower Advisors LLC raised its stake in shares of Palomar by 252.8% during the 1st quarter. HighTower Advisors LLC now owns 11,217 shares of the company's stock worth $1,538,000 after purchasing an additional 8,038 shares during the period. Finally, Beacon Harbor Wealth Advisors Inc. bought a new stake in shares of Palomar during the 1st quarter worth $6,943,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Palomar news, CFO T Christopher Uchida sold 782 shares of Palomar stock in a transaction on Monday, August 18th. The shares were sold at an average price of $120.13, for a total transaction of $93,941.66. Following the transaction, the chief financial officer directly owned 7,668 shares of the company's stock, valued at $921,156.84. The trade was a 9.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Rodolphe Herve sold 1,130 shares of Palomar stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $130.10, for a total transaction of $147,013.00. Following the transaction, the chief operating officer directly owned 807 shares in the company, valued at $104,990.70. This represents a 58.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,214 shares of company stock worth $2,311,494. Company insiders own 3.70% of the company's stock.

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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