Zacks Research Predicts Palomar's Q3 Earnings (NASDAQ:PLMR)

Key Points

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Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Zacks Research upped their Q3 2025 earnings per share (EPS) estimates for shares of Palomar in a report released on Wednesday, July 30th. Zacks Research analyst S. Sarkar now anticipates that the company will post earnings per share of $1.43 for the quarter, up from their previous forecast 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 2026 earnings at $1.94 EPS.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their price target on shares of Palomar from $145.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, April 11th. Piper Sandler boosted their target price on Palomar from $171.00 to $177.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Truist Financial upped their target price on Palomar from $150.00 to $178.00 and gave the stock a "buy" rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised Palomar from a "neutral" rating to an "overweight" rating and raised their price target for the company from $115.00 to $150.00 in a report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Palomar from $205.00 to $204.00 and set an "outperform" rating for the company in a research report on Monday, June 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Palomar has a consensus rating of "Moderate Buy" and an average target price of $174.17.

Palomar Price Performance

NASDAQ PLMR opened at $132.49 on Friday. The company's 50 day simple moving average is $151.26 and its two-hundred day simple moving average is $139.01. Palomar has a 1 year low of $82.54 and a 1 year high of $175.85. The stock has a market capitalization of $3.54 billion, a PE ratio of 26.45 and a beta of 0.46.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.26. The firm had revenue of $174.63 million for the quarter, compared to the consensus estimate of $161.97 million. Palomar had a net margin of 21.99% and a return on equity of 20.56%. During the same period in the prior year, the firm posted $1.09 earnings per share.

Insider Buying and Selling at Palomar

In related news, CEO Mac Armstrong sold 5,000 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $140.10, for a total transaction of $700,500.00. Following the transaction, the chief executive officer directly owned 382,388 shares of the company's stock, valued at approximately $53,572,558.80. This trade represents a 1.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy Carter sold 473 shares of the company's stock in a transaction that occurred on Saturday, June 28th. The stock was sold at an average price of $153.65, for a total value of $72,676.45. Following the completion of the sale, the insider directly owned 361 shares of the company's stock, valued at approximately $55,467.65. This represents a 56.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,164 shares of company stock worth $3,061,089 over the last 90 days. Corporate insiders own 3.70% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Palomar by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,574,923 shares of the company's stock valued at $271,886,000 after purchasing an additional 53,123 shares in the last quarter. American Century Companies Inc. lifted its stake in Palomar by 5.6% in the first quarter. American Century Companies Inc. now owns 829,124 shares of the company's stock worth $113,656,000 after purchasing an additional 43,705 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Palomar by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 618,840 shares of the company's stock valued at $65,358,000 after buying an additional 18,748 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in shares of Palomar by 4.2% during the first quarter. Westfield Capital Management Co. LP now owns 618,598 shares of the company's stock valued at $84,797,000 after buying an additional 25,138 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Palomar by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 561,740 shares of the company's stock worth $59,313,000 after buying an additional 17,320 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

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.

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