William Blair Has Bullish Estimate for Palomar Q3 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Equities researchers at William Blair upped their Q3 2025 EPS estimates for Palomar in a research note issued to investors on Wednesday, June 4th. William Blair analyst A. Klauber now forecasts that the company will earn $1.32 per share for the quarter, up from their prior estimate of $1.28. The consensus estimate for Palomar's current full-year earnings is $5.99 per share. William Blair also issued estimates for Palomar's Q4 2025 earnings at $2.01 EPS.

Palomar (NASDAQ:PLMR - Get Free Report) last posted 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 net margin of 21.23% and a return on equity of 19.76%. The company had revenue of $174.63 million during the quarter, compared to the consensus estimate of $161.97 million. During the same period in the previous year, the firm posted $1.09 earnings per share.

Other research analysts also recently issued research reports about the stock. Wall Street Zen upgraded shares of Palomar from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Jefferies Financial Group increased their price objective on shares of Palomar from $145.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Evercore ISI upped their price target on Palomar from $163.00 to $168.00 and gave the company an "in-line" rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods dropped their price target on Palomar from $155.00 to $145.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. upgraded Palomar from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $115.00 to $150.00 in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $164.33.

Palomar Trading Up 2.0%

Palomar stock traded up $3.10 during trading hours on Monday, reaching $161.07. 175,144 shares of the company were exchanged, compared to its average volume of 206,907. Palomar has a 12 month low of $77.28 and a 12 month high of $175.85. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 35.95 and a beta of 0.50. The stock has a 50-day moving average of $154.85 and a 200 day moving average of $129.36.

Institutional Investors Weigh In On Palomar

Institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV raised its position in shares of Palomar by 9.1% in the first quarter. KBC Group NV now owns 1,140 shares of the company's stock valued at $156,000 after purchasing an additional 95 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Palomar by 21.8% during the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company's stock worth $58,000 after acquiring an additional 99 shares during the period. Hohimer Wealth Management LLC boosted its holdings 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 valued at $359,000 after purchasing an additional 99 shares in the last quarter. State of Alaska Department of Revenue grew its position in Palomar by 0.7% in the fourth quarter. State of Alaska Department of Revenue now owns 15,042 shares of the company's stock valued at $1,588,000 after acquiring an additional 100 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Palomar by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock valued at $1,352,000 after acquiring an additional 100 shares during the last quarter. 90.25% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO T Christopher Uchida sold 1,000 shares of the firm's stock in a transaction on Wednesday, April 9th. The shares were 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 of the company's stock, valued at approximately $1,320,768. This trade represents a 9.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mac Armstrong sold 5,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $129.72, for a total transaction of $648,600.00. Following the sale, the chief executive officer now directly owns 402,388 shares in the company, 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. In the last ninety days, insiders sold 22,202 shares of company stock valued at $3,265,129. 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.