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 90.9% and is now trading at $90.6850. 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) released its quarterly earnings results on Tuesday, May, 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.39 by $0.11. The business earned $38.02 million during the quarter, compared to analysts' expectations 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 Wall Street analysts 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 share 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 stories about PLMR stock have been trending somewhat positive on Friday, InfoTrie reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Palomar earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. 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 volume of 374,000 shares, the short-interest ratio is presently 4.7 days. Currently, 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), Kinsale Capital Group (KNSL), Enstar Group (ESGR), 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 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 many different 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 acquired 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 $90.69.

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]