NASDAQ:PLMRPalomar Stock Price, Forecast & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PLMR stock has increased by 91.0% and is now trading at $90.73. 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) posted its quarterly earnings data on Tuesday, May, 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.11. The firm 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 period in the previous year, the firm earned $0.52 EPS. View Palomar's earnings history.

7 brokerages have issued twelve-month target prices for Palomar's shares. Their forecasts range from $36.00 to $95.00. On average, they anticipate Palomar's stock price to reach $67.67 in the next twelve months. This suggests that the stock has a possible downside of 25.4%. View analysts' price targets for Palomar.

News headlines about PLMR stock have been trending somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Palomar earned a news impact score of 1.3 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Palomar.

Palomar saw a increase in short interest in 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 trading volume of 374,000 shares, the short-interest ratio is presently 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 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 number of institutional and retail investors. Top institutional investors 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 purchased 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 $90.73.

Palomar has a market capitalization of $2.20 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]