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NASDAQ:PLMR

Palomar (PLMR) Stock Price, News & Analysis

$84.34
+3.17 (+3.91%)
(As of 05/29/2024 ET)
Today's Range
$82.10
$86.07
50-Day Range
$74.41
$87.10
52-Week Range
$46.67
$89.22
Volume
240,981 shs
Average Volume
161,645 shs
Market Capitalization
$2.10 billion
P/E Ratio
24.24
Dividend Yield
N/A
Price Target
$92.83

Palomar MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
10.1% Upside
$92.83 Price Target
Short Interest
Healthy
1.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.89mentions of Palomar in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$3.84 M Sold Last Quarter
Proj. Earnings Growth
20.35%
From $4.03 to $4.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.06 out of 5 stars

Finance Sector

437th out of 874 stocks

Fire, Marine, & Casualty Insurance Industry

31st out of 52 stocks

PLMR stock logo

About Palomar Stock (NASDAQ:PLMR)

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. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.

PLMR Stock Price History

PLMR Stock News Headlines

The Analyst Verdict: Palomar Hldgs In The Eyes Of 8 Experts
Palomar (NASDAQ:PLMR) Sets New 12-Month High at $88.00
10 Analysts Have This To Say About Palomar Hldgs
Palomar: Q1 Earnings Snapshot
Palomar Holdings Inc (PLMR) Insider Sells Shares
PLMR: Lowering target price to $90.00
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
5/29/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Current Symbol
NASDAQ:PLMR
Employees
213
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$89.17
High Stock Price Target
$97.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+9.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$79.20 million
Pretax Margin
28.47%

Debt

Sales & Book Value

Annual Sales
$375.93 million
Cash Flow
$3.40 per share
Book Value
$20.13 per share

Miscellaneous

Free Float
23,851,000
Market Cap
$2.02 billion
Optionable
Optionable
Beta
0.24
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Key Executives

  • Mr. D. McDonald Armstrong
    Founder, CEO & Chairman of the Board
  • Mr. Jon Marcus Christianson (Age 44)
    President
    Comp: $632.73k
  • Mr. Toshio Christopher UchidaMr. Toshio Christopher Uchida (Age 50)
    Chief Financial Officer
    Comp: $673.87k
  • Ms. Angela Leann Grant (Age 55)
    Chief Legal Officer & Corporate Secretary
    Comp: $477.41k
  • Mr. Jonathan Blake Knutzen (Age 52)
    Chief Risk Officer
    Comp: $551.11k
  • Ms. Elizabeth Whitaker Seitz
    EVP Treasury & Financial Operations & Chief Accounting Officer
  • Mr. Mark Brose
    Chief Technology Officer
  • Mr. Kyle Morgan
    Senior Vice President of Corporate Development & Strategy
  • Mr. John MacDonald
    Senior Vice President of Marketing
  • Mr. Jake Armstrong
    Senior Vice President of Underwriting

PLMR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palomar stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PLMR shares.
View PLMR analyst ratings
or view top-rated stocks.

What is Palomar's stock price target for 2024?

7 Wall Street research analysts have issued 1-year price objectives for Palomar's shares. Their PLMR share price targets range from $85.00 to $100.00. On average, they anticipate the company's stock price to reach $92.83 in the next year. This suggests a possible upside of 10.1% 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 2024?

Palomar's stock was trading at $55.50 on January 1st, 2024. Since then, PLMR shares have increased by 52.0% and is now trading at $84.34.
View the best growth stocks for 2024 here
.

When is Palomar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our PLMR earnings forecast
.

How were Palomar's earnings last quarter?

Palomar Holdings, Inc. (NASDAQ:PLMR) issued its quarterly earnings data on Thursday, May, 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.28. The company had revenue of $108.39 million for the quarter, compared to the consensus estimate of $322.10 million. Palomar had a net margin of 21.78% and a trailing twelve-month return on equity of 19.94%. The company's quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS.

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?

Palomar (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.

Who are Palomar's major shareholders?

Palomar's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.64%), Champlain Investment Partners LLC (5.38%), Sumitomo Mitsui Trust Holdings Inc. (3.72%), Villere ST Denis J & Co. LLC (2.71%), Westfield Capital Management Co. LP (1.76%) and Geneva Capital Management LLC (1.40%). Insiders that own company stock include Angela L Grant, Heath A Fisher, Jon Christianson, Jonathan Knutzen, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard Rosso, Robert E Dowdell, T Christopher Uchida, Thomas A Bradley 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PLMR) was last updated on 5/29/2024 by MarketBeat.com Staff

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