NASDAQ:PLMR Palomar (PLMR) Stock Price, News & Analysis $91.67 +2.97 (+3.35%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$89.60▼$91.9050-Day Range$78.03▼$91.6752-Week Range$48.08▼$93.51Volume122,481 shsAverage Volume156,591 shsMarket Capitalization$2.28 billionP/E Ratio26.34Dividend YieldN/APrice Target$93.83 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Palomar alerts: Email Address Palomar MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside2.4% Upside$93.83 Price TargetShort InterestHealthy2.21% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.65Based on 16 Articles This WeekInsider TradingSelling Shares$4.08 M Sold Last QuarterProj. Earnings Growth20.71%From $4.20 to $5.07 Per ShareSee Full Details Hide Full Details 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.3.55 out of 5 starsFinance Sector356th out of 898 stocksFire, Marine, & Casualty Insurance Industry27th out of 54 stocks 2.3 Analyst's Opinion Consensus RatingPalomar has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoveragePalomar has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Palomar's stock forecast and price target. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.21% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently increased by 7.56%, indicating that investor sentiment is decreasing 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 3.1 News and Social Media Coverage News SentimentPalomar has a news sentiment score of 0.65. 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 is a higher news sentiment than the 0.50 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 16 news articles for Palomar this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for PLMR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.MarketBeat Follows3 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Palomar insiders have sold 4,739.56% more of their company's stock than they have bought. Specifically, they have bought $84,320.00 in company stock and sold $4,080,716.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Palomar is held by insiders.Percentage Held by Institutions90.25% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Palomar's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 20.71% in the coming year, from $4.20 to $5.07 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 26.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.26.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 26.34, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.22.Price to Book Value per Share RatioPalomar has a P/B Ratio of 4.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Palomar's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatWe just added a $300 account credit to your MarketBeat subscriptionMarketBeat All Access is our complete suite of portfolio monitoring software, research tools, stock screeners, proprietary reports, and more. Upgrade today and get $300 off your 2024-2025 subscription. Free for 30 days.Start Your Risk-Free Trial Here 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.Read More PLMR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PLMR Stock News HeadlinesJuly 21, 2024 | insidertrades.comT Christopher Uchida Sells 1,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockJuly 20, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells $91,300.00 in StockJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 20, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) President Sells $182,700.00 in StockJuly 17, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) CEO Mac Armstrong Sells 12,773 SharesJuly 26 at 3:25 AM | americanbankingnews.comZacks Research Equities Analysts Raise Earnings Estimates for Palomar Holdings, Inc. (NASDAQ:PLMR)July 24 at 4:10 PM | globenewswire.comPalomar Holdings, Inc. Announces Second Quarter 2024 Financial Results Release Date and Conference CallJuly 21, 2024 | americanbankingnews.comJon Christianson Sells 2,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockJuly 26, 2024 | American Hartford Gold Group (Ad)Prepare for a Recession Unlike Any OtherDave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.July 21, 2024 | americanbankingnews.comMac Armstrong Sells 12,227 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockJuly 21, 2024 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) Receives $93.83 Average PT from AnalystsJuly 19, 2024 | finance.yahoo.comInsider Sale: President Jon Christianson Sells Shares of Palomar Holdings Inc (PLMR)July 18, 2024 | americanbankingnews.comMac Armstrong Sells 12,773 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockMay 29, 2024 | globenewswire.comPalomar Holdings, Inc. Announces Participation in the William Blair 44th Annual Growth Stock ConferenceMay 29, 2024 | markets.businessinsider.comThe Analyst Verdict: Palomar Hldgs In The Eyes Of 8 ExpertsMay 28, 2024 | globenewswire.comPalomar Holdings, Inc. Announces Successful Completion of June 1 Reinsurance RenewalMay 6, 2024 | markets.businessinsider.com10 Analysts Have This To Say About Palomar HldgsMay 6, 2024 | seekingalpha.comPalomar: Above-Expectations Q1 Results Point To A Positive OutlookSee More Headlines 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 Company Calendar Last Earnings5/02/2024Today7/26/2024Next Earnings (Confirmed)8/05/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryInsurance Current SymbolNASDAQ:PLMR CUSIPN/A CIK1761312 Webwww.palomarspecialty.com Phone(619) 567-5290Fax619-567-6954Employees150Year FoundedN/APrice Target and Rating Average Stock Price Target$93.83 High Stock Price Target$100.00 Low Stock Price Target$88.00 Potential Upside/Downside+2.4%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.48 Trailing P/E Ratio26.34 Forward P/E Ratio21.83 P/E GrowthN/ANet Income$79.20 million Net Margins21.78% Pretax Margin28.47% Return on Equity19.94% Return on Assets5.33% Debt Debt-to-Equity RatioN/A Current Ratio0.52 Quick Ratio0.52 Sales & Book Value Annual Sales$375.93 million Price / Sales6.08 Cash Flow$3.52 per share Price / Cash Flow26.02 Book Value$19.08 per share Price / Book4.80Miscellaneous Outstanding Shares24,920,000Free Float23,851,000Market Cap$2.28 billion OptionableOptionable Beta0.31 7 Stocks to Own Before the 2024 ElectionLooking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.Get This Free Report Key ExecutivesMr. D. McDonald ArmstrongFounder, CEO & Chairman of the BoardMr. Jon Marcus Christianson (Age 44)President Comp: $632.73kMr. Toshio Christopher Uchida (Age 50)Chief Financial Officer Comp: $673.87kMs. Angela Leann Grant (Age 55)Chief Legal Officer & Corporate Secretary Comp: $477.41kMr. Jonathan Blake Knutzen (Age 52)Chief Risk Officer Comp: $551.11kMs. Elizabeth Whitaker SeitzEVP Treasury & Financial Operations & Chief Accounting OfficerMr. Mark BroseChief Technology OfficerMr. Kyle MorganSenior Vice President of Corporate Development & StrategyMr. John MacDonaldSenior Vice President of MarketingMr. Jake ArmstrongSenior Vice President of UnderwritingMore ExecutivesKey CompetitorsLemonadeNYSE:LMNDHorace Mann EducatorsNYSE:HMNMercury GeneralNYSE:MCYSafety Insurance GroupNASDAQ:SAFTEmployersNYSE:EIGView All CompetitorsInsiders & InstitutionsBank of New York Mellon CorpSold 13,449 shares on 7/26/2024Ownership: 0.905%Allspring Global Investments Holdings LLCBought 112,996 shares on 7/26/2024Ownership: 0.665%Conestoga Capital Advisors LLCSold 2,582 shares on 7/26/2024Ownership: 0.100%Louisiana State Employees Retirement SystemBought 300 shares on 7/24/2024Ownership: 0.050%Dakota Wealth ManagementSold 185 shares on 7/22/2024Ownership: 0.012%View All Insider TransactionsView All Institutional Transactions PLMR Stock Analysis - Frequently Asked Questions How have PLMR shares performed this year? Palomar's stock was trading at $55.50 at the beginning of 2024. Since then, PLMR stock has increased by 65.2% and is now trading at $91.67. View the best growth stocks for 2024 here. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) announced its quarterly earnings data on Thursday, May, 2nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.28. The company's quarterly revenue was up 29.1% compared to the same quarter last year. When did Palomar IPO? Palomar (PLMR) raised $63 million in an initial public offering (IPO) on Wednesday, April 17th 2019. The company issued 5,600,000 shares at $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 top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (3.42%), Artemis Investment Management LLP (1.36%), Bank of New York Mellon Corp (0.90%) and Allspring Global Investments Holdings LLC (0.66%). Insiders that own company stock include Jon Christianson, Mac Armstrong, T Christopher Uchida, Jonathan Knutzen, Angela L Grant, Michelle Antoinette Johnson, William Bold, Robert E Dowdell, Martha Notaras and Heath A Fisher. 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. What other stocks do shareholders of Palomar own? Based on aggregate information from My MarketBeat watchlists, some other companies that Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), CrowdStrike (CRWD), Taiwan Semiconductor Manufacturing (TSM), Teladoc Health (TDOC) and Trade Desk (TTD). This page (NASDAQ:PLMR) was last updated on 7/26/2024 by MarketBeat.com Staff From Our Partners625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | Sponsored“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 sp...Unstoppable Prosperity | SponsoredThis student turned $1,300 into $45,000 in just 4 Months!With the help of S.A.M. (my new AI-powered scanner) it's now easier than ever to find these unique trades... ...Monument Traders Alliance | SponsoredCollapse of the PetrodollarThe death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Ru...Colonial Metals | SponsoredRare signal predicts 50% market drop - before electionThe market is near all-time highs, we're told that unemployment is low, AI's a gift to humanity, and the FED w...Behind the Markets | SponsoredBrace Yourself: Experts calling for Bitcoin to hit $100kFor the past few months, Bitcoin has been trading flat… It's been stuck around the $60,000 to $72,000 range...Crypto 101 Media | Sponsored5 Stocks that could triple in a week Robinhood traders have piled $78 billion into this market... Driving tiny tech stock gains of 3,000%, 8,942...Traders Agency | SponsoredBreaking News: Elon Musk Invents New Type of A.I. (Shocking)Could Elon's New Device be Bigger than the iPhone? According to 30-year Silicon Valley and Wall Street vete...InvestorPlace | Sponsored 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. Share Palomar With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Free PLMR Stock Alerts