NASDAQ:PLMRPalomar Stock Price, Forecast & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PLMR shares have increased by 89.2% and is now trading at $89.87. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Palomar.

Palomar is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Palomar.

Palomar Holdings Inc (NASDAQ:PLMR) announced its quarterly earnings results on Tuesday, May, 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.11. The business had revenue of $38.02 million for the quarter, compared to analyst estimates of $35.72 million. Palomar had a net margin of 28.53% and a return on equity of 18.64%. During the same quarter in the prior year, the business posted $0.52 EPS. View Palomar's earnings history.

7 brokers have issued 1-year price objectives for Palomar's shares. Their forecasts range from $36.00 to $95.00. On average, they expect Palomar's stock price to reach $67.67 in the next year. This suggests that the stock has a possible downside of 24.7%. View analysts' price targets for Palomar.

News coverage about PLMR stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Palomar earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news about Palomar.

Palomar saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,770,000 shares, an increase of 79.4% from the June 15th total of 986,600 shares. Based on an average daily trading volume, of 374,000 shares, the days-to-cover ratio is currently 4.7 days. Approximately 8.7% of the shares of the stock are short sold. View Palomar's Current Options Chain.

Some companies that are related to Palomar include Cna Financial (CNA), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), RenaissanceRe (RNR), Alleghany (Y), American Financial Group (AFG), Kemper (KMPR), National General (NGHC), Hanover Insurance Group (THG), Enstar Group (ESGR), Kinsale Capital Group (KNSL), RLI (RLI), Axis Capital (AXS), Selective Insurance Group (SIGI), White Mountains Insurance Group (WTM) and Mercury General (MCY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), AbbVie (ABBV), Alibaba Group (BABA), Trade Desk (TTD), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Canopy Growth (CGC), Lululemon Athletica (LULU) and Metlife (MET).

(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) served 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 Envestnet Asset Management Inc. (0.02%) and Diversified Trust Co (0.01%). 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 bought by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Diversified Trust Co. 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 $89.87.

Palomar has a market capitalization of $2.18 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]