Zacks Research Estimates Palomar's Q1 Earnings (NASDAQ:PLMR)

Key Points

• Zacks Research has raised its Q1 2026 earnings per share estimate for Palomar Holdings, Inc. to $1.85, up from a previous estimate of $1.75.
• Palomar recently posted a quarterly earnings of $1.76 per share, exceeding analysts' expectations of $1.68, with a significant revenue increase of 47.6% year-over-year.
• Current analyst ratings show a consensus of a "Moderate Buy" for Palomar, with a consensus price target of $165.83.

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Zacks Research lifted their Q1 2026 earnings estimates for Palomar in a research report issued on Tuesday, September 16th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.85 per share for the quarter, up from their previous forecast of $1.75. 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 $1.69 EPS, FY2026 earnings at $7.79 EPS, Q1 2027 earnings at $2.34 EPS, Q2 2027 earnings at $2.34 EPS and FY2027 earnings at $9.00 EPS.

PLMR has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their target price on shares of Palomar from $170.00 to $158.00 and set an "overweight" rating on the stock in a report on Monday, August 11th. Keefe, Bruyette & Woods lowered their target price on shares of Palomar from $204.00 to $172.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Evercore ISI raised their price objective on shares of Palomar from $163.00 to $168.00 and gave the company an "in-line" rating in a research report on Friday, May 30th. Piper Sandler decreased their target price on shares of Palomar from $177.00 to $151.00 and set an "overweight" rating for the company in a report on Wednesday, August 6th. Finally, Wall Street Zen cut shares of Palomar from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Palomar presently has an average rating of "Moderate Buy" and an average target price of $165.83.

Palomar Trading Down 1.6%

NASDAQ PLMR traded down $1.93 during trading hours on Wednesday, reaching $115.84. 437,584 shares of the company traded hands, compared to its average volume of 290,665. Palomar has a 12 month low of $85.00 and a 12 month high of $175.85. The stock has a market capitalization of $3.10 billion, a PE ratio of 20.36 and a beta of 0.34. The company has a 50 day moving average of $125.62 and a two-hundred day moving average of $140.76.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.08. The business had revenue of $496.29 million during the quarter, compared to the consensus estimate of $173.86 million. Palomar had a net margin of 22.71% and a return on equity of 20.35%. The business's quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share.

Hedge Funds Weigh In On Palomar

Institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP grew its position in shares of Palomar by 1,970.0% in the 2nd quarter. Allworth Financial LP now owns 207 shares of the company's stock valued at $32,000 after purchasing an additional 197 shares during the period. Maseco LLP acquired a new stake in shares of Palomar in the 2nd quarter valued at approximately $45,000. Nisa Investment Advisors LLC boosted its holdings in shares of Palomar by 185.3% in the 1st quarter. Nisa Investment Advisors LLC now owns 311 shares of the company's stock valued at $43,000 after buying an additional 202 shares during the last quarter. Hollencrest Capital Management raised its stake in Palomar by 56.5% in the 2nd quarter. Hollencrest Capital Management now owns 313 shares of the company's stock valued at $48,000 after acquiring an additional 113 shares during the period. Finally, IFP Advisors Inc raised its stake in Palomar by 556.9% in the 2nd quarter. IFP Advisors Inc now owns 335 shares of the company's stock valued at $52,000 after acquiring an additional 284 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Mac Armstrong sold 5,000 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $126.56, for a total value of $632,800.00. Following the completion of the sale, the chief executive officer directly owned 377,388 shares of the company's stock, valued at $47,762,225.28. This represents a 1.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard H. Taketa purchased 500 shares of the stock in a transaction dated Monday, August 18th. The stock was bought at an average cost of $121.14 per share, with a total value of $60,570.00. Following the completion of the purchase, the director owned 44,226 shares in the company, valued at $5,357,537.64. The trade was a 1.14% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 22,378 shares of company stock worth $3,122,952. Corporate insiders own 3.70% of the company's stock.

About Palomar

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.