Zacks Research Has Positive Estimate for Palomar Q2 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Zacks Research upped their Q2 2025 earnings per share estimates for shares of Palomar in a report released on Wednesday, June 11th. Zacks Research analyst S. Sarkar now expects that the company will post earnings per share of $1.44 for the quarter, up from their previous 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.

Several other research firms also recently weighed in on PLMR. Evercore ISI increased their price target on shares of Palomar from $163.00 to $168.00 and gave the stock an "in-line" rating in a research report on Friday, May 30th. JMP Securities restated a "market perform" rating on shares of Palomar in a research note on Thursday, February 13th. Jefferies Financial Group raised their target price on Palomar from $145.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Truist Financial lifted their target price on Palomar from $150.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods cut 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. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $164.33.

Palomar Price Performance

Shares of NASDAQ:PLMR traded down $0.14 during trading on Friday, hitting $160.93. The company's stock had a trading volume of 181,605 shares, compared to its average volume of 207,572. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 35.92 and a beta of 0.50. The company has a 50-day moving average of $155.48 and a 200-day moving average of $129.71. Palomar has a 12 month low of $77.28 and a 12 month high of $175.85.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $1.87 earnings per share for the quarter, beating 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 previous year, the business earned $1.09 EPS.

Institutional Investors Weigh In On Palomar

A number of institutional investors have recently added to or reduced their stakes in the stock. KBC Group NV lifted its holdings in shares of Palomar by 9.1% in the first quarter. KBC Group NV now owns 1,140 shares of the company's stock worth $156,000 after buying an additional 95 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Palomar by 21.8% in 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 last quarter. Hohimer Wealth Management LLC lifted its stake in 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. Louisiana State Employees Retirement System boosted its holdings in shares of Palomar by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company's stock valued at $1,352,000 after purchasing an additional 100 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Palomar by 5.8% during the 1st quarter. Evergreen Capital Management LLC now owns 2,225 shares of the company's stock valued at $305,000 after purchasing an additional 122 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palomar

In other Palomar news, CEO Mac Armstrong sold 5,000 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $161.96, for a total transaction of $809,800.00. Following the sale, the chief executive officer now directly owns 392,388 shares of the company's stock, valued at $63,551,160.48. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO T Christopher Uchida sold 1,000 shares of the company's stock in a transaction dated 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 directly owns 9,172 shares of the company's stock, valued at approximately $1,320,768. This trade represents a 9.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,202 shares of company stock worth $3,265,129. 3.70% of the stock is owned by corporate insiders.

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.