What is Zacks Research's Estimate for Palomar Q2 Earnings?

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Equities researchers at Zacks Research raised their Q2 2025 earnings per share estimates for shares of Palomar in a research report issued on Wednesday, June 11th. Zacks Research analyst S. Sarkar now forecasts that the company will post earnings of $1.44 per share for the quarter, up from their prior estimate of $1.42. The consensus estimate for Palomar's current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar's Q3 2025 earnings at $1.42 EPS, FY2025 earnings at $6.27 EPS, Q1 2026 earnings at $1.63 EPS, Q2 2026 earnings at $1.51 EPS, Q3 2026 earnings at $1.92 EPS, FY2026 earnings at $7.39 EPS, Q1 2027 earnings at $2.18 EPS and FY2027 earnings at $8.66 EPS.

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

PLMR has been the topic of several other reports. Evercore ISI boosted their price objective on Palomar from $163.00 to $168.00 and gave the company an "in-line" rating in a research report on Friday, May 30th. Jefferies Financial Group upped their price target on Palomar from $145.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Piper Sandler increased their price objective on shares of Palomar from $171.00 to $177.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Truist Financial boosted their target price on shares of Palomar from $150.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upgraded shares of Palomar from a "neutral" rating to an "overweight" rating and upped their target price 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $164.33.

Palomar Trading Up 0.9%

Palomar stock traded up $1.37 during mid-day trading on Friday, hitting $162.30. The stock had a trading volume of 206,623 shares, compared to its average volume of 207,914. Palomar has a one year low of $77.28 and a one year high of $175.85. The firm has a market capitalization of $4.34 billion, a P/E ratio of 36.23 and a beta of 0.50. The firm's 50 day moving average is $156.70 and its 200 day moving average is $130.75.

Hedge Funds Weigh In On Palomar

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. purchased a new stake in Palomar during the 4th quarter valued at $26,000. Nisa Investment Advisors LLC raised its stake in shares of Palomar by 185.3% in the first quarter. Nisa Investment Advisors LLC now owns 311 shares of the company's stock valued at $43,000 after acquiring an additional 202 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Palomar in the first quarter valued at $46,000. TCTC Holdings LLC lifted its holdings in shares of Palomar by 116.5% in the 1st quarter. TCTC Holdings LLC now owns 381 shares of the company's stock worth $52,000 after acquiring an additional 205 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of Palomar during the 1st quarter worth about $53,000. Hedge funds and other institutional investors own 90.25% of the company's stock.

Insider Transactions at Palomar

In other news, CFO T Christopher Uchida sold 500 shares of the business's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $153.04, for a total value of $76,520.00. Following the sale, the chief financial officer now directly owns 7,672 shares in the company, valued at $1,174,122.88. The trade was a 6.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Mac Armstrong sold 3,202 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $153.04, for a total transaction of $490,034.08. Following the completion of the transaction, the chief executive officer now directly owns 70,186 shares of the company's stock, valued at approximately $10,741,265.44. The trade was a 4.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,202 shares of company stock valued at $3,265,129 in the last ninety days. Corporate 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.