Zacks Research Has Bullish Forecast for Palomar Q2 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Equities research analysts at Zacks Research boosted their Q2 2025 earnings per share estimates for shares of Palomar in a research note issued on Monday, May 19th. Zacks Research analyst S. Sarkar now anticipates that the company will earn $1.42 per share for the quarter, up from their previous forecast of $1.41. The consensus estimate for Palomar's current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar's FY2025 earnings at $6.26 EPS, FY2026 earnings at $7.37 EPS, Q1 2027 earnings at $2.16 EPS and FY2027 earnings at $8.64 EPS.

Other research analysts have also recently issued reports about the stock. Keefe, Bruyette & Woods decreased their target price on shares of Palomar from $155.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Piper Sandler raised their price target on shares of Palomar from $133.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial boosted their price objective on shares of Palomar from $150.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. JMP Securities reiterated a "market perform" rating on shares of Palomar in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded Palomar from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $115.00 to $150.00 in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Palomar currently has an average rating of "Moderate Buy" and an average target price of $148.33.

Palomar Stock Performance

Shares of PLMR traded up $1.74 during trading hours on Wednesday, hitting $162.56. The company had a trading volume of 211,195 shares, compared to its average volume of 200,856. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 36.29 and a beta of 0.51. The firm has a fifty day moving average price of $146.91 and a 200-day moving average price of $124.13. Palomar has a 52-week low of $77.28 and a 52-week high of $165.00.

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

Insider Activity at Palomar

In other Palomar news, CEO Mac Armstrong sold 5,000 shares of the business's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $129.72, for a total transaction of $648,600.00. Following the completion of the sale, the chief executive officer now directly owns 402,388 shares in the company, valued at approximately $52,197,771.36. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO T Christopher Uchida sold 1,000 shares of the firm's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $144.00, for a total value of $144,000.00. Following the completion of the transaction, the chief financial officer now owns 9,172 shares in the company, valued at approximately $1,320,768. This trade represents a 9.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,202 shares of company stock worth $3,265,129 over the last quarter. Company insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Dakota Wealth Management boosted its holdings in shares of Palomar by 3.1% in the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company's stock worth $324,000 after buying an additional 92 shares during the last quarter. KBC Group NV boosted its stake in shares of Palomar by 9.1% during the 1st quarter. KBC Group NV now owns 1,140 shares of the company's stock worth $156,000 after acquiring an additional 95 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Palomar by 21.8% during the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company's stock valued at $58,000 after acquiring an additional 99 shares during the period. Hohimer Wealth Management LLC increased its stake in shares of Palomar by 3.9% in the 1st 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. Finally, Louisiana State Employees Retirement System increased its stake in shares of Palomar by 0.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock worth $1,352,000 after purchasing an additional 100 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other 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.