NASDAQ:PLMR Palomar (PLMR) Stock Forecast, Price & News $54.17 +1.24 (+2.34%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$53.02▼$54.2750-Day Range$47.03▼$55.2052-Week Range$43.63▼$95.20Volume126,519 shsAverage Volume150,441 shsMarket Capitalization$1.35 billionP/E Ratio25.20Dividend YieldN/APrice Target$68.86 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Palomar MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside27.1% Upside$68.86 Price TargetShort InterestHealthy2.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.56Based on 12 Articles This WeekInsider TradingSelling Shares$165,000 Sold Last QuarterProj. Earnings Growth18.60%From $3.28 to $3.89 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.25 out of 5 starsFinance Sector28th out of 874 stocksFire, Marine, & Casualty Insurance Industry3rd out of 45 stocks 4.3 Analyst's Opinion Consensus RatingPalomar has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.86, Palomar has a forecasted upside of 27.1% from its current price of $54.17.Amount of Analyst CoveragePalomar has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.13% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently decreased by 9.78%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldPalomar does not currently pay a dividend.Dividend GrowthPalomar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PLMR. Previous Next 2.5 News and Social Media Coverage News SentimentPalomar has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Palomar this week, compared to 3 articles on an average week.Search Interest4 people have searched for PLMR on MarketBeat in the last 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Palomar insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $165,000.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Palomar is held by insiders.Percentage Held by Institutions90.30% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 18.60% in the coming year, from $3.28 to $3.89 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 25.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.16.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 25.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 159.64.Price to Book Value per Share RatioPalomar has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Palomar (NASDAQ:PLMR) StockPalomar Holdings, Inc. operates as an insurance holding company. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac & Fisher Heath on October 4, 2013 and is headquartered in La Jolla, CA.Read More Receive PLMR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Palomar and its competitors with MarketBeat's FREE daily newsletter. Email Address PLMR Stock News HeadlinesJune 2, 2023 | finance.yahoo.comWhy Is Palomar (PLMR) Up 7.7% Since Last Earnings Report?June 2, 2023 | finance.yahoo.comWhy Palomar Stock Was Up 10.7% This WeekJune 2, 2023 | Stocks To Trade (Ad)Free SMS Trade Alerts. Up to 15 opportunities a day.Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.June 2, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) Shares Gap Up Following Analyst UpgradeJune 1, 2023 | finance.yahoo.comPalomar Holdings, Inc. Announces Participation in the William Blair 43rd Annual Growth Stock ConferenceJune 1, 2023 | msn.comKeefe, Bruyette & Woods Maintains Palomar Holdings (PLMR) Outperform RecommendationMay 31, 2023 | marketwatch.comPalomar Holdings Shares Up 13% After Guidance Raise, Reinsurance RenewalsMay 31, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) PT Raised to $67.00June 2, 2023 | Stocks To Trade (Ad)Free SMS Trade Alerts. Up to 15 opportunities a day.Using our algorithm, we sift through 15,000 stocks every second. We generate 15 trading opportunities a day.May 30, 2023 | finance.yahoo.comPalomar Holdings, Inc. Announces Successful Completion of June 1 Reinsurance RenewalMay 29, 2023 | finance.yahoo.comShould You Invest in Palomar Holdings (PLMR)?May 25, 2023 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) Receives Consensus Recommendation of "Moderate Buy" from AnalystsMay 18, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) Shares Gap Up to $47.11May 17, 2023 | americanbankingnews.comKeefe, Bruyette & Woods Upgrades Palomar (NASDAQ:PLMR) to "Outperform"May 16, 2023 | msn.comKeefe, Bruyette & Woods Upgrades Palomar Holdings (PLMR)May 10, 2023 | americanbankingnews.comPalomar Holdings, Inc. to Post Q1 2024 Earnings of $1.01 Per Share, William Blair Forecasts (NASDAQ:PLMR)May 5, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) Posts Earnings Results, Beats Expectations By $0.02 EPSMay 3, 2023 | finance.yahoo.comPalomar (PLMR) Q1 Earnings Beat EstimatesMay 3, 2023 | finance.yahoo.comPalomar Holdings, Inc. Reports First Quarter 2023 ResultsApril 30, 2023 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) Given Consensus Recommendation of "Moderate Buy" by BrokeragesApril 28, 2023 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) Receives $67.71 Consensus Target Price from AnalystsApril 26, 2023 | finance.yahoo.comPalomar Holdings, Inc. Announces First Quarter 2023 Financial Results Release Date and Conference CallApril 26, 2023 | finance.yahoo.comPalomar (PLMR) Earnings Expected to Grow: What to Know Ahead of Q1 ReleaseApril 18, 2023 | finance.yahoo.comWhy You Should Stay Invested in Palomar Holdings (PLMR)April 14, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) Given New $57.00 Price Target at Evercore ISIApril 14, 2023 | americanbankingnews.comQ1 2025 Earnings Forecast for Palomar Holdings, Inc. (NASDAQ:PLMR) Issued By Zacks ResearchApril 14, 2023 | americanbankingnews.comJefferies Financial Group Equities Analysts Increase Earnings Estimates for Palomar Holdings, Inc. (NASDAQ:PLMR)See More Headlines PLMR Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PLMR Company Calendar Last Earnings5/03/2023Today6/02/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Fire, marine, & casualty insurance Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:PLMR CUSIPN/A CIK1761312 Webwww.palomarspecialty.com Phone(619) 567-5290Fax619-567-6954Employees151Year FoundedN/APrice Target and Rating Average Stock Price Forecast$68.86 High Stock Price Forecast$105.00 Low Stock Price Forecast$57.00 Forecasted Upside/Downside+28.6%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$2.15 Trailing P/E Ratio24.75 Forward P/E Ratio16.22 P/E GrowthN/ANet Income$52.17 million Net Margins16.25% Pretax Margin21.02% Return on Equity17.61% Return on Assets5.39% Debt Debt-to-Equity RatioN/A Current Ratio0.49 Quick Ratio0.49 Sales & Book Value Annual Sales$327.09 million Price / Sales4.04 Cash Flow$2.97 per share Price / Cash Flow17.90 Book Value$16.28 per share Price / Book3.27Miscellaneous Outstanding Shares24,860,000Free Float23,764,000Market Cap$1.32 billion OptionableNot Optionable Beta0.03 Key ExecutivesMac ArmstrongChairman & Chief Executive OfficerJon ChristiansonPresident & Chief Operating OfficerChris UchidaSecretary, Chief Financial & Accounting OfficerMark BroseChief Technology OfficerKyle MorganSenior VP-Corporate Development & StrategyKey CompetitorsLemonadeNYSE:LMNDSafety Insurance GroupNASDAQ:SAFTHorace Mann EducatorsNYSE:HMNAMERISAFENASDAQ:AMSFEmployersNYSE:EIGView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Sold 356 shares on 6/1/2023Ownership: 0.119%T Christopher UchidaSold 2,000 sharesTotal: $110,000.00 ($55.00/share)Capital Impact Advisors LLCSold 2,697 shares on 5/23/2023Ownership: 0.040%JPMorgan Chase & Co.Bought 19,168 shares on 5/18/2023Ownership: 0.205%New York State Common Retirement FundSold 4,900 shares on 5/18/2023Ownership: 0.051%View All Insider TransactionsView All Institutional Transactions PLMR Stock - Frequently Asked Questions Should I buy or sell Palomar stock right now? 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLMR shares. View PLMR analyst ratings or view top-rated stocks. What is Palomar's stock price forecast for 2023? 8 Wall Street analysts have issued 12-month target prices for Palomar's shares. Their PLMR share price forecasts range from $57.00 to $105.00. On average, they expect the company's stock price to reach $68.86 in the next year. This suggests a possible upside of 29.4% from the stock's current price. View analysts price targets for PLMR or view top-rated stocks among Wall Street analysts. How have PLMR shares performed in 2023? Palomar's stock was trading at $45.16 at the start of the year. Since then, PLMR shares have increased by 17.8% and is now trading at $53.21. View the best growth stocks for 2023 here. When is Palomar's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our PLMR earnings forecast. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) issued its earnings results on Wednesday, May, 3rd. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.02. The firm had revenue of $83.94 million for the quarter, compared to analyst estimates of $88.35 million. Palomar had a trailing twelve-month return on equity of 17.61% and a net margin of 16.25%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the company earned $0.68 EPS. What ETFs hold Palomar's stock? ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include SPDR S&P Insurance ETF (KIE), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), ERShares NextGen Entrepreneurs ETF (ERSX), iShares S&P Small-Cap 600 Growth ETF (IJT), SPDR S&P 600 Small Cap Growth ETF (SLYG) and Vanguard S&P Small-Cap 600 Growth Index Fund (VIOG). What other stocks do shareholders of Palomar own? Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), CrowdStrike (CRWD), Taiwan Semiconductor Manufacturing (TSM), Teladoc Health (TDOC), Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU). When did Palomar IPO? (PLMR) raised $63 million in an IPO on Wednesday, April 17th 2019. The company issued 5,600,000 shares at a price of $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) acted as the underwriters for the IPO and Evercore ISI, William Blair, Sandler O'Neill + Partners and SunTrust Robinson Humphrey were co-managers. What is Palomar's stock symbol? Palomar trades on the NASDAQ under the ticker symbol "PLMR." Who are Palomar's major shareholders? Palomar's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (15.30%), Nordea Investment Management AB (4.87%), Villere ST Denis J & Co. LLC (4.20%), Sumitomo Mitsui Trust Holdings Inc. (4.16%), Champlain Investment Partners LLC (3.98%) and State Street Corp (3.55%). Insiders that own company stock include Andrew T Robinson, Britt Morries, Heath A Fisher, Jon Christianson, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard H Taketa, Richard Rosso, Robert E Dowdell, Robert E Dowdell, T Christopher Uchida and William Bold. View institutional ownership trends. How do I buy shares of Palomar? Shares of PLMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Palomar's stock price today? One share of PLMR stock can currently be purchased for approximately $53.21. How much money does Palomar make? Palomar (NASDAQ:PLMR) has a market capitalization of $1.32 billion and generates $327.09 million in revenue each year. The company earns $52.17 million in net income (profit) each year or $2.15 on an earnings per share basis. How many employees does Palomar have? The company employs 151 workers across the globe. How can I contact Palomar? Palomar's mailing address is 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037. The official website for the company is www.palomarspecialty.com. The company can be reached via phone at (619) 567-5290, via email at investors@palomarspecialty.com, or via fax at 619-567-6954. This page (NASDAQ:PLMR) was last updated on 6/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Palomar Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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