NASDAQ:PLMR Palomar - PLMR Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Palomar Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $53.86 -0.07 (-0.13%) (As of 03/28/2023 12:00 AM ET) Add Compare Share Share Today's Range$53.48▼$54.4650-Day Range$49.22▼$61.0452-Week Range$43.63▼$95.20Volume57,969 shsAverage Volume156,883 shsMarket Capitalization$1.35 billionP/E Ratio26.53Dividend YieldN/APrice Target$72.00 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Palomar MarketRank™ ForecastAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside33.7% Upside$72.00 Price TargetShort InterestHealthy2.49% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.22Based on 4 Articles This WeekInsider TradingSelling Shares$295,000 Sold Last QuarterProj. Earnings Growth20.31%From $3.25 to $3.91 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.88 out of 5 starsFinance Sector191st out of 891 stocksFire, Marine, & Casualty Insurance Industry9th out of 47 stocks 3.3 Analyst's Opinion Consensus RatingPalomar has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $72.00, Palomar has a forecasted upside of 33.7% from its current price of $53.86.Amount of Analyst CoveragePalomar has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.49% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently decreased by 7.01%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldPalomar does not currently pay a dividend.Dividend GrowthPalomar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PLMR. Previous Next 2.3 News and Social Media Coverage News SentimentPalomar has a news sentiment score of 0.22. 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 lower news sentiment than the 0.57 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Palomar this week, compared to 2 articles on an average week.MarketBeat Follows3 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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 $295,000.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Palomar is held by insiders.Percentage Held by Institutions90.30% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 20.31% in the coming year, from $3.25 to $3.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 26.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.79.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 26.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.23.Price to Book Value per Share RatioPalomar has a P/B Ratio of 3.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Palomar (NASDAQ:PLMR) StockPalomar Holdings, Inc. operates as an insurance holding company. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac & Fisher Heath on October 4, 2013 and is headquartered in La Jolla, CA.Read More Receive PLMR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Palomar and its competitors with MarketBeat's FREE daily newsletter. Email Address PLMR Stock News HeadlinesMarch 25, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) Trading Down 2.7%March 22, 2023 | americanbankingnews.comPalomar (NASDAQ:PLMR) Trading Up 6.3%March 28, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. March 19, 2023 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 1,000 SharesMarch 17, 2023 | finance.yahoo.comWhy Is Palomar (PLMR) Up 3.5% Since Last Earnings Report?March 11, 2023 | finance.yahoo.comPalomar Holdings (NASDAQ:PLMR) shareholders YoY returns are lagging the company's 17% three-year earnings growthMarch 9, 2023 | finance.yahoo.comPalomar Releases Annual Sustainability & Citizenship Report and Provides Update on 2022 ProgressFebruary 18, 2023 | finance.yahoo.comPalomar Holdings Full Year 2022 Earnings: EPS Beats ExpectationsMarch 28, 2023 | Stansberry Research (Ad)The gold catalyst we’ve waited forIf you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK. February 16, 2023 | finance.yahoo.comPalomar (PLMR) Q4 Earnings Top Estimates on Solid UnderwritingFebruary 15, 2023 | finance.yahoo.comPalomar (PLMR) Q4 Earnings Surpass EstimatesFebruary 15, 2023 | finance.yahoo.comPalomar Holdings, Inc. Reports Fourth Quarter & Full Year 2022 ResultsFebruary 8, 2023 | finance.yahoo.comPalomar Holdings, Inc. Announces Fourth Quarter and Full Year 2022 Financial Results Release Date and Conference CallJanuary 21, 2023 | finance.yahoo.comIs Weakness In Palomar Holdings, Inc. (NASDAQ:PLMR) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?January 11, 2023 | finance.yahoo.comPalomar (PMR) Debuts in Crop Insurance With Advanced AgProtectionJanuary 10, 2023 | finance.yahoo.comPalomar Holdings, Inc. Announces New Fronting Partnership with Advanced AgProtectionJanuary 3, 2023 | finance.yahoo.comPalomar Holdings, Inc. Announces Successful Completion of Select California Earthquake Reinsurance ProgramsDecember 2, 2022 | finance.yahoo.comPalomar (PLMR) Down 4.6% Since Last Earnings Report: Can It Rebound?November 3, 2022 | finance.yahoo.comPalomar (PLMR) Q3 Earnings Miss, Rise Y/Y, View TightenedNovember 2, 2022 | finance.yahoo.comPalomar (PLMR) Q3 Earnings and Revenues Lag EstimatesNovember 2, 2022 | finance.yahoo.comPalomar Holdings, Inc. Reports Third Quarter 2022 ResultsOctober 20, 2022 | finance.yahoo.comPalomar Holdings, Inc. Announces Third Quarter 2022 Estimated Catastrophe Losses and Financial Results Date and Earnings CallOctober 14, 2022 | benzinga.comAnalyst Ratings for Palomar Hldgs - Palomar Hldgs (NASDAQ:PLMR) - BenzingaOctober 14, 2022 | finance.yahoo.comIs Now The Time To Put Palomar Holdings (NASDAQ:PLMR) On Your Watchlist? - Yahoo FinanceOctober 14, 2022 | benzinga.com4 Analysts Have This to Say About Palomar Hldgs - Palomar Hldgs (NASDAQ:PLMR) - BenzingaOctober 14, 2022 | benzinga.comWhere Palomar Hldgs Stands With Analysts - Palomar Hldgs (NASDAQ:PLMR) - BenzingaOctober 14, 2022 | finance.yahoo.comIs Now The Time To Put Palomar Holdings (NASDAQ:PLMR) On Your Watchlist?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive PLMR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Palomar and its competitors with MarketBeat's FREE daily newsletter. Email Address PLMR Company Calendar Last Earnings2/15/2023Today3/28/2023Next Earnings (Estimated)5/03/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Fire, marine, & casualty insurance Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:PLMR CUSIPN/A CIK1761312 Webwww.palomarspecialty.com Phone(619) 567-5290Fax619-567-6954Employees151Year FoundedN/APrice Target and Rating Average Stock Price Forecast$72.00 High Stock Price Forecast$105.00 Low Stock Price Forecast$55.00 Forecasted Upside/Downside+33.5%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.03 Trailing P/E Ratio26.58 Forward P/E Ratio16.60 P/E GrowthN/ANet Income$52.17 million Net Margins15.95% Pretax Margin20.65% Return on Equity17.13% Return on Assets5.71% Debt Debt-to-Equity RatioN/A Current Ratio0.47 Quick Ratio0.47 Sales & Book Value Annual Sales$327.09 million Price / Sales4.12 Cash Flow$3.07 per share Price / Cash Flow17.58 Book Value$15.25 per share Price / Book3.54Miscellaneous Outstanding Shares24,980,000Free Float23,884,000Market Cap$1.35 billion OptionableNot Optionable Beta0.06 Key ExecutivesMac ArmstrongChairman & Chief Executive OfficerJon ChristiansonPresident & Chief Operating OfficerChris UchidaSecretary, Chief Financial & Accounting OfficerMark BroseChief Technology OfficerKyle MorganSenior VP-Corporate Development & StrategyKey CompetitorsHorace Mann EducatorsNYSE:HMNSiriusPointNYSE:SPNTEmployersNYSE:EIGSafety Insurance GroupNASDAQ:SAFTMercury GeneralNYSE:MCYView All CompetitorsInsiders & InstitutionsT Christopher UchidaSold 1,000 sharesTotal: $55,000.00 ($55.00/share)Voya Investment Management LLCBought 449 shares on 2/28/2023Ownership: 0.059%Jon ChristiansonSold 4,000 sharesTotal: $240,000.00 ($60.00/share)Teachers Retirement System of The State of KentuckyBought 1,148 shares on 2/22/2023Ownership: 0.031%Macquarie Group Ltd.Sold 9,883 shares on 2/21/2023Ownership: 0.118%View All Insider TransactionsView All Institutional Transactions PLMR Stock - Frequently Asked Questions Should I buy or sell Palomar stock right now? 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PLMR shares. View PLMR analyst ratings or view top-rated stocks. What is Palomar's stock price forecast for 2023? 7 equities research analysts have issued 12 month price targets for Palomar's shares. Their PLMR share price forecasts range from $55.00 to $105.00. On average, they predict the company's share price to reach $72.00 in the next year. This suggests a possible upside of 33.5% from the stock's current price. View analysts price targets for PLMR or view top-rated stocks among Wall Street analysts. How have PLMR shares performed in 2023? Palomar's stock was trading at $45.16 at the start of the year. Since then, PLMR shares have increased by 19.5% and is now trading at $53.95. View the best growth stocks for 2023 here. When is Palomar's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. View our PLMR earnings forecast. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) released its quarterly earnings results on Wednesday, February, 15th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $83.37 million for the quarter, compared to the consensus estimate of $86.32 million. Palomar had a trailing twelve-month return on equity of 17.13% and a net margin of 15.95%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share. What ETFs hold Palomar's stock? ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include SPDR S&P Insurance ETF (KIE), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Financials ETF (PSCF), ERShares NextGen Entrepreneurs ETF (ERSX), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), Principal U.S. Small-Cap Multi-Factor ETF (PSC), iShares S&P Small-Cap 600 Growth ETF (IJT) and Vanguard S&P Small-Cap 600 Growth ETF (VIOG). What other stocks do shareholders of Palomar own? 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), Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU). When did Palomar IPO? (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) acted as the underwriters for the IPO and Evercore ISI, William Blair, Sandler O'Neill + Partners and SunTrust Robinson Humphrey were co-managers. What is Palomar's stock symbol? Palomar trades on the NASDAQ under the ticker symbol "PLMR." Who are Palomar's major shareholders? Palomar's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Nordea Investment Management AB (4.87%), T. Rowe Price Investment Management Inc. (4.75%), Villere ST Denis J & Co. LLC (4.04%), Sumitomo Mitsui Trust Holdings Inc. (3.73%), Stephens Investment Management Group LLC (2.93%) and Emerald Advisers LLC (2.12%). Insiders that own company stock include Andrew T Robinson, Britt Morries, Heath A Fisher, Jon Christianson, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard H Taketa, Richard Rosso, Robert E Dowdell, Robert E Dowdell, T Christopher Uchida, Vi Gp Aiv Ltd Genstar and William Bold. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Palomar's stock price today? One share of PLMR stock can currently be purchased for approximately $53.95. How much money does Palomar make? Palomar (NASDAQ:PLMR) has a market capitalization of $1.35 billion and generates $327.09 million in revenue each year. The company earns $52.17 million in net income (profit) each year or $2.03 on an earnings per share basis. How many employees does Palomar have? The company employs 151 workers across the globe. How can I contact Palomar? Palomar's mailing address is 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037. The official website for the company is www.palomarspecialty.com. The company can be reached via phone at (619) 567-5290, via email at investors@palomarspecialty.com, or via fax at 619-567-6954. This page (NASDAQ:PLMR) was last updated on 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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