Equities Analysts Set Expectations for Palomar Q3 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Research analysts at Zacks Research cut their Q3 2025 earnings per share estimates for shares of Palomar in a research report issued to clients and investors on Monday, May 19th. Zacks Research analyst S. Sarkar now expects that the company will post earnings of $1.44 per share for the quarter, down from their previous forecast of $1.47. The consensus estimate for Palomar's current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar's Q4 2025 earnings at $1.66 EPS, Q1 2026 earnings at $1.61 EPS, Q2 2026 earnings at $1.50 EPS and Q4 2026 earnings at $2.32 EPS.

A number of other equities analysts have also commented on PLMR. Keefe, Bruyette & Woods reduced their price objective on Palomar from $155.00 to $145.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. JMP Securities restated a "market perform" rating on shares of Palomar in a research report on Thursday, February 13th. Piper Sandler boosted their target price on Palomar from $133.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Truist Financial boosted their target price on Palomar from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upgraded Palomar from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $115.00 to $150.00 in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.33.

Palomar Stock Performance

Palomar stock traded up $0.22 on Thursday, reaching $162.78. The company's stock had a trading volume of 79,893 shares, compared to its average volume of 200,399. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 36.33 and a beta of 0.51. The business's fifty day moving average price is $147.57 and its 200 day moving average price is $124.57. Palomar has a twelve month low of $77.28 and a twelve month high of $167.14.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.61 by $0.26. The business had revenue of $174.63 million for the quarter, compared to analyst estimates of $161.97 million. Palomar had a return on equity of 19.76% and a net margin of 21.23%. During the same quarter in the previous year, the firm earned $1.09 EPS.

Insider Activity at Palomar

In other Palomar news, CFO T Christopher Uchida sold 500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $159.77, for a total value of $79,885.00. Following the completion of the sale, the chief financial officer now directly owns 7,920 shares in the company, valued at $1,265,378.40. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mac Armstrong sold 5,000 shares of the stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $129.72, for a total value of $648,600.00. Following the completion of the sale, the chief executive officer now owns 402,388 shares of the company's stock, valued at $52,197,771.36. This trade represents a 1.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,202 shares of company stock worth $3,265,129. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Palomar

Large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of Palomar by 5.6% in the fourth quarter. Principal Financial Group Inc. now owns 147,540 shares of the company's stock worth $15,579,000 after acquiring an additional 7,875 shares in the last quarter. Atlas Capital Advisors Inc. boosted its position in shares of Palomar by 175.5% during the fourth quarter. Atlas Capital Advisors Inc. now owns 141,284 shares of the company's stock worth $14,918,000 after buying an additional 90,000 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Palomar by 2.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 5,837 shares of the company's stock worth $616,000 after buying an additional 145 shares during the period. Jump Financial LLC boosted its position in shares of Palomar by 146.1% during the fourth quarter. Jump Financial LLC now owns 6,885 shares of the company's stock worth $727,000 after buying an additional 4,087 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Palomar by 28.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 40,688 shares of the company's stock worth $4,296,000 after buying an additional 9,036 shares during the period. 90.25% of the stock is currently owned by institutional investors.

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.