Palomar Stock Forecast, Price & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PLMR shares have increased by 108.8% and is now trading at $99.19.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Palomar is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Palomar.

Palomar Holdings Inc (NASDAQ:PLMR) posted its quarterly earnings data on Tuesday, August, 4th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm earned $42.37 million during the quarter, compared to analysts' expectations of $37.24 million. Palomar had a net margin of 28.80% and a return on equity of 17.46%. During the same quarter last year, the company posted $0.36 earnings per share.
View Palomar's earnings history.

6 brokerages have issued twelve-month price targets for Palomar's stock. Their forecasts range from $36.00 to $112.00. On average, they anticipate Palomar's share price to reach $70.50 in the next year. This suggests that the stock has a possible downside of 28.9%.
View analysts' price targets for Palomar.

Some companies that are related to Palomar include Loews (L), RenaissanceRe (RNR), Cna Financial (CNA), Everest Re Group (RE), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Alleghany (Y), American Financial Group (AFG), Kemper (KMPR), Kinsale Capital Group (KNSL), National General (NGHC), RLI (RLI), Axis Capital (AXS), Enstar Group (ESGR), Hanover Insurance Group (THG) and Selective Insurance Group (SIGI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Crowdstrike (CRWD), Docusign (DOCU), Taiwan Semiconductor Mfg. (TSM), Trade Desk (TTD), Dynatrace (DT), Beyond Meat (BYND), Etsy (ETSY) and Netflix (NFLX).

(PLMR) raised $63 million in an initial public offering 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.

Palomar trades on the NASDAQ under the ticker symbol "PLMR."

Palomar's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (5.16%), Stephens Investment Management Group LLC (2.77%), Bank of New York Mellon Corp (2.44%), Goldman Sachs Group Inc. (2.28%), Blackstone Group Inc (2.10%) and Blair William & Co. IL (2.05%). Company insiders that own Palomar stock include Andrew T Robinson, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Robert E Dowdell, T Christopher Uchida and Vi Gp Aiv Ltd Genstar.
View institutional ownership trends for Palomar.

PLMR stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Marshall Wace North America L.P., Peregrine Capital Management LLC, Stephens Investment Management Group LLC, Gilder Gagnon Howe & Co. LLC, Sumitomo Mitsui Trust Holdings Inc., Nuveen Asset Management LLC, and RMB Capital Management LLC. Company insiders that have sold Palomar company stock in the last year include Andrew T Robinson, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Robert E Dowdell, T Christopher Uchida, and Vi Gp Aiv Ltd Genstar.
View insider buying and selling activity for Palomar.

PLMR stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Blackstone Group Inc, KAMES CAPITAL plc, Principal Financial Group Inc., Principal Financial Group Inc., Goldman Sachs Group Inc., Point72 Asset Management L.P., and Bank of New York Mellon Corp.
View insider buying and selling activity for Palomar.

Shares of PLMR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PLMR stock can currently be purchased for approximately $99.19.

Palomar has a market capitalization of $2.53 billion and generates $113.30 million in revenue each year. The company earns $10.62 million in net income (profit) each year or $1.73 on an earnings per share basis.

The official website for Palomar is www.palomarspecialty.com.

Palomar's mailing address is 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037. The company can be reached via phone at 619-567-5290 or via email at [email protected]