Palomar (PLMR) Stock Price, News & Analysis

Company Overview

Palomar Holdings, Inc. (NASDAQ: PLMR) is a specialty insurance and reinsurance holding company that focuses on underwriting property and casualty coverages across niche markets. Through its three wholly owned insurance subsidiaries—Palomar Excess and Surplus Insurance Company, Palomar Specialty Insurance Company, and Palomar Specialty Reinsurance Company—the firm provides tailored risk solutions to retail agents, wholesale brokers, and program administrators. Its product portfolio includes professional and management liability, construction, environmental, and cyber insurance, as well as other specialty risks such as directors and officers, employment practices, and small business commercial lines.

The company leverages a decentralized distribution model, partnering with program managers and managing general agents to tap into specialized industry expertise and underwriting talent. By blending admitted and excess & surplus (E&S) insurance platforms, Palomar is able to offer both standard and nonstandard policy forms, delivering flexibility for unique and hard-to-place risks. In addition, the firm has developed an advanced digital infrastructure, including its Bold Penguin technology platform, to streamline quotes, bind policies, and enhance data analytics for small business insurance markets.

Founded in 2014 and headquartered in San Diego, California, Palomar has grown through a combination of organic underwriting expansion and strategic acquisitions. The company’s geographic footprint covers all 50 states, supported by regional offices and a network of program administrators nationwide. Over the years, Palomar has bolstered its specialty lines capabilities by acquiring niche entities and technology assets, reinforcing its commitment to underwriting discipline and market responsiveness.

Under the leadership of President and Chief Executive Officer Philip Kavanaugh, Palomar has cultivated a culture of collaboration between underwriters, distribution partners, and technology teams. The senior management team combines decades of insurance industry experience, prioritizing disciplined growth and risk management. Looking ahead, Palomar aims to deepen its specialty offerings and expand its digital distribution channels to meet the evolving needs of both retail and wholesale insurance markets.

Key Stats

• Today's Range: $134.77 to $139.95
• 50-Day Range: $135.01 to $175.67
• 52-Week Range: $82.55 to $175.85
• Volume: 274,530 shs
• Average Volume: 220,131 shs
• Market Capitalization: $3.61 billion
• P/E Ratio: 26.95
• Dividend Yield: N/A
• Price Target: $174.17
• Consensus Rating: Moderate Buy

Palomar Stock Analysis - MarketRank™

Palomar scored higher than 75% of companies evaluated by MarketBeat, and ranked 374th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Palomar has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Palomar has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 21.20%

Earnings Growth

Earnings for Palomar are expected to grow by 21.20% in the coming year, from $5.99 to $7.26 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Palomar is 26.95, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 25.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Palomar is 26.95, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.20.

Price to Book Value per Share Ratio

Palomar has a P/B Ratio of 4.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.32% of the float of Palomar has been sold short.

Short Interest Ratio / Days to Cover

Palomar has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Palomar has recently increased by 17.74%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Palomar does not currently pay a dividend.

Dividend Growth

Palomar does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.32% of the float of Palomar has been sold short.

Short Interest Ratio / Days to Cover

Palomar has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Palomar has recently increased by 17.74%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.19

News Sentiment

Palomar has a news sentiment score of 1.19. 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 0.94 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Palomar this week, compared to 8 articles on an average week.

Search Interest

5 people have searched for PLMR on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In 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 $3,276,251.00 in company stock.

Percentage Held by Insiders

Only 3.70% of the stock of Palomar is held by insiders.

Percentage Held by Institutions

90.25% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLMR Stock Analysis - Frequently Asked Questions

How have PLMR shares performed this year?

Palomar's stock was trading at $105.59 at the beginning of the year. Since then, PLMR shares have increased by 27.9% and is now trading at $135.01.

How were Palomar's earnings last quarter?

Palomar Holdings, Inc. (NASDAQ:PLMR) issued its earnings results on Monday, May, 5th. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.61 by $0.26. The business earned $174.63 million during the quarter, compared to analysts' expectations of $161.97 million. Palomar had a trailing twelve-month return on equity of 20.56% and a net margin of 21.99%.
Read the conference call transcript.

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 a price of $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) served 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?

Top institutional shareholders of Palomar include Harbor Capital Advisors Inc. (0.14%), Livforsakringsbolaget Skandia Omsesidigt (0.12%), Livforsakringsbolaget Skandia Omsesidigt (0.04%) and Marshall Financial Group LLC (0.02%). Insiders that own company stock include Mac Armstrong, Jon Christianson, Jonathan Knutzen, T Christopher Uchida, Thomas A Bradley, Angela L Grant, Michelle Antoinette Johnson, William Bold and Timothy Carter.
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.

What other stocks do shareholders of Palomar own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Palomar investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

• Last Earnings: 5/05/2025
• Today: 7/13/2025
• Next Earnings (Estimated): 8/04/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: INS - PROP&CASLTY
• Sub-Industry: Insurance
• Current Symbol: NASDAQ:PLMR
• CIK: 1761312
• Web: www.palomarspecialty.com
• Phone: (619) 567-5290
• Fax: 619-567-6954
• Employees: 150
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Palomar: $174.17
• High Price Target: $204.00
• Low Price Target: $150.00
• Potential Upside/Downside: +29.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Trailing Twelve Months): $5.01
• Trailing P/E Ratio: 26.95
• Forward P/E Ratio: 22.54
• P/E Growth: N/A
• Net Income: $117.57 million
• Net Margins: 21.99%
• Pretax Margin: 27.96%
• Return on Equity: 20.56%
• Return on Assets: 6.31%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.53
• Quick Ratio: 0.53

Sales & Book Value

• Annual Sales: $609.96 million
• Price / Sales: 5.92
• Cash Flow: $4.63 per share
• Price / Cash Flow: 29.15
• Book Value: $27.55 per share
• Price / Book: 4.90

Miscellaneous

• Outstanding Shares: 26,742,000
• Free Float: 25,753,000
• Market Cap: $3.61 billion
• Optionable: Optionable
• Beta: 0.46