NASDAQ:PLMR Palomar 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. $64.40 +2.46 (+3.97%) (As of 06/30/2022 04:00 PM ET) Add Compare Share Today's Range$60.71▼$64.4650-Day Range$51.18▼$66.5352-Week Range$44.01▼$97.18Volume115,256 shsAverage Volume155,807 shsMarket Capitalization$1.62 billionP/E Ratio38.33Dividend YieldN/APrice Target$80.80 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media 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 Stock Forecast (MarketRank)Overall MarketRank™2.61 out of 5 starsFinance Sector509th out of 1,394 stocksFire, Marine, & Casualty Insurance Industry28th out of 74 stocksAnalyst Opinion: 3.5Community Rank: 4.5Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 - 3.5 Analyst's Opinion Consensus RatingPalomar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $80.80, Palomar has a forecasted upside of 25.5% from its current price of $64.40.Amount of Analyst CoveragePalomar has only been the subject of 1 research reports in the past 90 days. Previous Next 4.5 Community Rank Outperform VotesPalomar has received 63 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPalomar has received 30 “underperform” votes. (Add your “underperform” vote.)Community SentimentPalomar has received 67.74% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Palomar and other stocks. Vote “Outperform” if you believe PLMR will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PLMR will underperform the S&P 500 over the long term. You may vote once every thirty days. 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 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 $29,585.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Palomar is held by insiders.Percentage Held by Institutions89.41% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 29.59% in the coming year, from $2.94 to $3.81 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 38.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 34.55.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 38.33, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.95.Price to Book Value per Share RatioPalomar has a P/B Ratio of 4.15. 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)Palomar Holdings, Inc., an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings. Palomar Holdings, Inc. was incorporated in 2013 and is headquartered in La Jolla, California.Read More PLMR Stock News HeadlinesJune 24, 2022 | americanbankingnews.comPiper Sandler Upgrades Palomar (NASDAQ:PLMR) to "Overweight"June 23, 2022 | foxnews.comCalifornia equity director blasts the parent 'resisters' to district's agenda in leaked meeting notes - Fox NewsJune 22, 2022 | benzinga.comPiper Sandler Upgrades Palomar Hldgs to Overweight - Benzinga - BenzingaJune 16, 2022 | finance.yahoo.comAM Best Affirms Credit Ratings of Palomar Holdings, Inc. and Its Member Companies - Yahoo FinanceJune 14, 2022 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) Expected to Earn FY2022 Earnings of $3.05 Per ShareJune 13, 2022 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In Palomar Holdings, Inc.'s (NASDAQ:PLMR) Stock?June 10, 2022 | nasdaq.comARGO or PLMR: Which P&C Stock is Better-Placed at the Moment? - NasdaqJune 4, 2022 | nasdaq.comPalomar (PLMR) Up 18.1% Since Last Earnings Report: Can It Continue? - NasdaqJune 3, 2022 | finance.yahoo.comPalomar (PLMR) Up 18.1% Since Last Earnings Report: Can It Continue?June 3, 2022 | finance.yahoo.comDoes Palomar (PLMR) Have the Potential to Rally 30% as Wall Street Analysts Expect?June 1, 2022 | finance.yahoo.comPalomar Holdings, Inc. Announces Participation in the William Blair 42nd Annual Growth Stock ConferenceMay 31, 2022 | globenewswire.comPalomar Holdings, Inc. Announces the Successful Completion of June 1 Reinsurance Renewal - GlobeNewswireMay 31, 2022 | finance.yahoo.comPalomar Holdings, Inc. Announces the Successful Completion of June 1 Reinsurance RenewalSee More Headlines Industry, 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/ACompany Calendar Last Earnings5/04/2022Today7/01/2022Next Earnings (Estimated)8/03/2022Fiscal Year End12/31/2022Price Target and Rating Average Stock Price Forecast$80.80 High Stock Price Forecast$87.00 Low Stock Price Forecast$70.00 Forecasted Upside/Downside+25.5%Consensus RatingBuy Rating Score (0-4)3 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.68 Trailing P/E Ratio38.33 Forward P/E Ratio21.90 P/E GrowthN/ANet Income$45.85 million Net Margins15.82% Pretax Margin20.28% Return on Equity13.53% Return on Assets5.76% Debt Debt-to-Equity RatioN/A Current Ratio0.51 Quick Ratio0.51 Sales & Book Value Annual Sales$247.79 million Price / Sales6.54 Cash Flow$2.33 per share Price / Cash Flow27.65 Book Value$15.51 per share Price / Book4.15Miscellaneous Outstanding Shares25,180,000Free Float24,072,000Market Cap$1.62 billion OptionableNot Optionable Beta0.19 Palomar Frequently Asked Questions Should I buy or sell Palomar stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Palomar stock. View analyst ratings for Palomar or view top-rated stocks. What is Palomar's stock price forecast for 2022? 5 Wall Street analysts have issued twelve-month price targets for Palomar's shares. Their PLMR stock forecasts range from $70.00 to $87.00. On average, they anticipate Palomar's share price to reach $80.80 in the next year. This suggests a possible upside of 25.5% from the stock's current price. View analysts' price targets for Palomar or view top-rated stocks among Wall Street analysts. How has Palomar's stock performed in 2022? Palomar's stock was trading at $64.77 on January 1st, 2022. Since then, PLMR shares have decreased by 0.6% and is now trading at $64.40. View the best growth stocks for 2022 here. When is Palomar's next earnings date? Palomar is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022. View our earnings forecast for Palomar. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) issued its earnings results on Wednesday, May, 4th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $79.39 million for the quarter, compared to analysts' expectations of $76.89 million. Palomar had a net margin of 15.82% and a trailing twelve-month return on equity of 13.53%. During the same quarter in the prior year, the business posted $0.73 earnings per share. View Palomar's earnings history. Who are Palomar's key executives? Palomar's management team includes the following people: Mr. D. McDonald Armstrong, Founder, CEO & ChairmanMr. Jon Marcus Christianson, Pres (Age 42, Pay $594.69k)Mr. Toshio Christopher Uchida, Chief Financial Officer (Age 47, Pay $655.54k) (LinkedIn Profile)Mr. Jonathan Blake Knutzen, Chief Risk Officer (Age 50, Pay $477.88k)Ms. Elizabeth Whitaker Seitz, Chief Accounting OfficerMr. Mark Brose, Chief Technology OfficerMs. Angela Leann Grant, Chief Legal Officer & Corp. Sec. (Age 53)Mr. Kyle Morgan, Sr. VP of Corp. Devel. & StrategyMr. John MacDonald, Sr. VP of MarketingMs. Michelle Antoinette Johnson, Chief Talent & Diversity Officer (Age 46) Who are some of Palomar's key competitors? Some companies that are related to Palomar include RLI (RLI), Kinsale Capital Group (KNSL), Selective Insurance Group (SIGI), The Hanover Insurance Group (THG), AXIS Capital (AXS), Enstar Group (ESGR), White Mountains Insurance Group (WTM), Kemper (KMPR), Mercury General (MCY), Horace Mann Educators (HMN), Safety Insurance Group (SAFT), ProAssurance (PRA), Employers (EIG), Lemonade (LMND) and AMERISAFE (AMSF). View all of PLMR's competitors. 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 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. What is Palomar's stock symbol? Palomar trades on the NASDAQ under the ticker symbol "PLMR." How do I buy shares of Palomar? 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. Compare Top Brokerages Here. What is Palomar's stock price today? One share of PLMR stock can currently be purchased for approximately $64.40. How much money does Palomar make? Palomar (NASDAQ:PLMR) has a market capitalization of $1.62 billion and generates $247.79 million in revenue each year. The company earns $45.85 million in net income (profit) each year or $1.68 on an earnings per share basis. How many employees does Palomar have? Palomar 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 Palomar is www.palomarspecialty.com. The company can be reached via phone at (619) 567-5290, via email at [email protected], or via fax at 619-567-6954. This page (NASDAQ:PLMR) was last updated on 7/1/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 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. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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