Zacks Research Has Positive Outlook for Palomar Q3 Earnings

Key Points

• Zacks Research has raised its Q3 2025 earnings estimate for Palomar Holdings to $1.45 per share, increasing from a prior estimate of $1.43 per share.
• Palomar reported $1.76 EPS for the latest quarter, surpassing analysts' expectations of $1.68, with revenues up 47.6% year-over-year.
• Five analysts rate Palomar's stock as a Buy, while the average target price is set at $165.83.

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Equities research analysts at Zacks Research upped their Q3 2025 earnings per share estimates for Palomar in a report issued on Monday, August 18th. Zacks Research analyst Team now anticipates that the company will post earnings of $1.45 per share for the quarter, up from their prior estimate of $1.43. The consensus estimate for Palomar's current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar's Q4 2025 earnings at $1.81 EPS, FY2025 earnings at $6.60 EPS, Q2 2026 earnings at $1.54 EPS, Q3 2026 earnings at $1.88 EPS, Q4 2026 earnings at $2.31 EPS, FY2026 earnings at $7.38 EPS, Q1 2027 earnings at $2.19 EPS, Q2 2027 earnings at $2.16 EPS and FY2027 earnings at $8.88 EPS.

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

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

Palomar Stock Up 3.5%

Shares of PLMR stock opened at $125.07 on Thursday. The stock's 50-day moving average price is $139.01 and its 200 day moving average price is $140.42. The stock has a market capitalization of $3.35 billion, a PE ratio of 21.98 and a beta of 0.44. Palomar has a 52-week low of $85.00 and a 52-week high of $175.85.

Institutional Trading of Palomar

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in Palomar by 3.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,461 shares of the company's stock worth $363,000 after buying an additional 90 shares during the period. KBC Group NV lifted its holdings in shares of Palomar by 9.1% during the 1st quarter. KBC Group NV now owns 1,140 shares of the company's stock valued at $156,000 after acquiring an additional 95 shares in the last quarter. California State Teachers Retirement System boosted its position in Palomar by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 24,207 shares of the company's stock worth $3,734,000 after purchasing an additional 97 shares during the period. Bank of Montreal Can boosted its position in Palomar by 1.7% during the 2nd quarter. Bank of Montreal Can now owns 5,766 shares of the company's stock worth $889,000 after purchasing an additional 98 shares during the period. Finally, Hohimer Wealth Management LLC increased its holdings in 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. Institutional investors and hedge funds own 90.25% of the company's stock.

Insider Buying and Selling at Palomar

In other news, Director Richard H. Taketa purchased 500 shares of the stock in a transaction on Monday, August 18th. The stock was purchased at an average price of $121.14 per share, with a total value of $60,570.00. Following the completion of the transaction, the director owned 44,226 shares in the company, valued at approximately $5,357,537.64. The trade was a 1.14% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan Knutzen sold 281 shares of the firm's stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $120.13, for a total value of $33,756.53. Following the completion of the transaction, the insider owned 21,210 shares in the company, valued at approximately $2,547,957.30. This trade represents a 1.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,878 shares of company stock worth $2,569,497. 3.70% of the stock is currently owned by company insiders.

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.

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