Palomar Stock Forecast, Price & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PLMR stock has increased by 106.4% and is now trading at $98.06.
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5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Palomar stock.
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Palomar is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Palomar.

Palomar Holdings, Inc. (NASDAQ:PLMR) announced its quarterly earnings results on Tuesday, November, 10th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.54) by $0.06. The company earned $42.84 million during the quarter, compared to analyst estimates of $45.55 million. Palomar had a net margin of 28.80% and a return on equity of 17.46%. Palomar's quarterly revenue was up 51.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share.
View Palomar's earnings history.

5 brokers have issued 1 year target prices for Palomar's shares. Their forecasts range from $60.00 to $125.00. On average, they expect Palomar's share price to reach $92.67 in the next year. This suggests that the stock has a possible downside of 5.5%.
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Some companies that are related to Palomar include Everest Re Group (RE), Alleghany (Y), Lemonade (LMND), RenaissanceRe (RNR), American Financial Group (AFG), Kemper (KMPR), Enstar Group (ESGR), RLI (RLI), Kinsale Capital Group (KNSL), The Hanover Insurance Group (THG), AXIS Capital (AXS), Selective Insurance Group (SIGI), National General (NGHC), White Mountains Insurance Group (WTM) and Mercury General (MCY).
View all of PLMR's competitors.

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), The Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU).

(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.

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

Palomar's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bellecapital International Ltd. (0.17%), State of Alaska Department of Revenue (0.07%), Crossmark Global Holdings Inc. (0.03%), Diversified Trust Co (0.02%) and Contravisory Investment Management Inc. (0.01%). Company insiders that own Palomar stock include Andrew T Robinson, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Michelle Antoinette Johnson, Richard H Taketa, 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 State of Alaska Department of Revenue. Company insiders that have sold Palomar company stock in the last year include Andrew T Robinson, Heath A Fisher, Jon Christianson, Mac Armstrong, Michelle Antoinette Johnson, Robert E Dowdell, T Christopher Uchida, and Vi Gp Aiv Ltd Genstar.
View insider buying and selling activity for Palomar or view top insider-selling stocks.

PLMR stock was purchased by a variety of institutional investors in the last quarter, including Bellecapital International Ltd., Crossmark Global Holdings Inc., Diversified Trust Co, and Contravisory Investment Management Inc.. Company insiders that have bought Palomar stock in the last two years include Richard H Taketa, and Robert E Dowdell.
View insider buying and selling activity for Palomar or or view top insider-buying stocks.

Shares of PLMR 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.

One share of PLMR stock can currently be purchased for approximately $98.06.

Palomar has a market capitalization of $2.50 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. Palomar employs 77 workers across the globe.

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]