NASDAQ:PLMR

Palomar - PLMR Stock Forecast, Price & News

$93.12

+2.36 (+2.60%)

(As of 10/6/2022 12:00 AM ET)

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Today's Range: $90.28
▼
$93.38
50-Day Range: $61.77
▼
$93.12
52-Week Range: $44.01
▼
$97.18

Volume: 151,279 shs
Average Volume: 149,086 shs
Market Capitalization: $2.35 billion

P/E Ratio: 52.31
Dividend Yield: N/A
Price Target: $85.83

Palomar MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 7.8% Downside
$85.83 Price Target
Short Interest: Bearish
3.71% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.22
Based on 11 Articles This Week
Insider Trading: Selling Shares
$6.88 M Sold Last Quarter
Proj. Earnings Growth: 25.82%
From $3.06 to $3.85 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.95 out of 5 stars

Finance Sector

719th out of 882 stocks

Fire, Marine, & Casualty Insurance Industry

37th out of 46 stocks

1.5

Analyst's Opinion

Consensus Rating
Palomar has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $85.83, Palomar has a forecasted downside of 7.8% from its current price of $93.12.
Amount of Analyst Coverage
Palomar has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.71% of the float of Palomar has been sold short.
Short Interest Ratio / Days to Cover
Palomar has a short interest ratio ("days to cover") of 6.8.
Change versus previous month
Short interest in Palomar has recently increased by 9.68%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Palomar does not currently pay a dividend.
Dividend Growth
Palomar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PLMR.

2.3

News and Social Media Coverage

News Sentiment
Palomar 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 0.44 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Palomar this week, compared to 3 articles on an average week.
Search Interest
1 people have searched for PLMR on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In 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 $6,880,482.00 in company stock.
Percentage Held by Insiders
Only 4.40% of the stock of Palomar is held by insiders.
Percentage Held by Institutions
86.83% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Palomar are expected to grow by 25.82% in the coming year, from $3.06 to $3.85 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palomar is 52.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palomar is 52.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 163.80.
Price to Book Value per Share Ratio
Palomar has a P/B Ratio of 6.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Palomar (NASDAQ:PLMR) Stock

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.

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PLMR Stock News Headlines

October 6, 2022 | reuters.com

A 'cataclysmic' celestial couple gone wrong - a star eats its mate - Reuters

October 5, 2022 | cnet.com

Astronomers Discover 'Cataclysmic' Star Pair, Confirming Decades-Old Prediction - CNET

October 5, 2022 | forbes.com

If You Defaulted on Student Loans, The Fresh Start Program Offers a Second Chance - Forbes

September 30, 2022 | finance.yahoo.com

Here's Why Hold Strategy is Apt for Palomar Holdings (PLMR)

September 23, 2022 | latimes.com

Maarten Schmidt dies; Caltech astronomer changed our understanding of the cosmos - Los Angeles Times

September 23, 2022 | benzinga.com

Expert Ratings for Palomar Hldgs - Palomar Hldgs (NASDAQ:PLMR) - Benzinga

September 21, 2022 | nasdaq.com

Those who invested in Palomar Holdings (NASDAQ:PLMR) three years ago are up 122% - Nasdaq

September 19, 2022 | finance.yahoo.com

Those who invested in Palomar Holdings (NASDAQ:PLMR) three years ago are up 122%

September 14, 2022 | finance.yahoo.com

The Global Die Bonder Equipment Market is expected to grow by $ 92.81 mn during 2022-2026, accelerating at a CAGR of 2.19% during the forecast period - Yahoo Finance

September 8, 2022 | benzinga.com

FG Finl Gr (NASDAQ:FGF), Palomar Hldgs (NASDAQ:PLMR), Fanhua (NASDAQ:FANH), GoHealth (NASDAQ:GOCO), Kempe - Benzinga

September 6, 2022 | finance.yahoo.com

Palomar Holdings, Inc. Announces Participation in the Barclays Global Financial Services Conference

September 2, 2022 | finance.yahoo.com

Palomar (PLMR) Up 17.1% Since Last Earnings Report: Can It Continue?

September 1, 2022 | finance.yahoo.com

Palomar Holdings, Inc. Announces Participation in the 2022 KBW Insurance Conference

August 12, 2022 | benzinga.com

Palomar President Sold $293K In Company Stock - Benzinga

August 8, 2022 | finance.yahoo.com

Sila Realty Trust, Inc. Acquires Escondido Inpatient Rehabilitation Facility from Harrison Street for $63.4 Million - Yahoo Finance

August 8, 2022 | businesswire.com

Sila Realty Trust, Inc. Acquires Escondido Inpatient Rehabilitation Facility from Harrison Street for $63.4 Million - Business Wire

August 5, 2022 | nasdaq.com

Palomar (PLMR) Q2 Earnings Beat, Revenues Miss Estimates - Nasdaq

August 4, 2022 | finance.yahoo.com

Palomar (PLMR) Q2 Earnings Beat, Revenues Miss Estimates - Yahoo Finance

August 4, 2022 | finance.yahoo.com

Palomar (PLMR) Q2 Earnings Beat, Revenues Miss Estimates

August 4, 2022 | investing.com

Palomar Holdings Inc. Tops Q2 EPS by 6c By Investing.com - Investing.com

August 3, 2022 | finance.yahoo.com

Palomar (PLMR) Surpasses Q2 Earnings Estimates

August 3, 2022 | globenewswire.com

Palomar Holdings, Inc. Reports Second Quarter 2022 Results - GlobeNewswire

August 3, 2022 | finance.yahoo.com

Palomar Holdings, Inc. Reports Second Quarter 2022 Results

August 2, 2022 | benzinga.com

Preview: Palomar Hldgs's Earnings - Benzinga

July 27, 2022 | globenewswire.com

Palomar Holdings, Inc. Announces New Partnership with Omaha National Group, Inc. - GlobeNewswire

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30 days | 90 days | 365 days | Advanced Chart

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PLMR Company Calendar

Last Earnings: 8/03/2022
Today: 10/06/2022
Next Earnings (Estimated): 11/02/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:PLMR
CUSIP: N/A
CIK: 1761312
Web: www.palomarspecialty.com
Phone: (619) 567-5290
Fax: 619-567-6954
Employees: 151
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $85.83
High Stock Price Forecast: $105.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: -7.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.78
Trailing P/E Ratio: 52.31
Forward P/E Ratio: 30.43
P/E Growth: N/A
Net Income: $45.85 million
Net Margins: 15.41%
Pretax Margin: 19.72%
Return on Equity: 14.95%
Return on Assets: 6.00%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.44
Quick Ratio: 0.44

Sales & Book Value

Annual Sales: $247.79 million
Price / Sales: 9.49
Cash Flow: $2.38 per share
Price / Cash Flow: 39.09
Book Value: $15.51 per share
Price / Book: 6.00

Miscellaneous

Outstanding Shares: 25,246,000
Free Float: 24,135,000
Market Cap: $2.35 billion
Optionable: Not Optionable
Beta: 0.01

Key Executives

Mr. D. McDonald Armstrong
Founder, CEO & Chairman

Mr. Jon Marcus Christianson (Age 42)
Pres
Comp: $594.69k

Mr. Toshio Christopher Uchida (Age 47)
Chief Financial Officer
Comp: $655.54k

Mr. Jonathan Blake Knutzen (Age 50)
Chief Risk Officer
Comp: $477.88k

Ms. Elizabeth Whitaker Seitz
Chief Accounting Officer

Mr. Mark Brose
Chief Technology Officer

Ms. Angela Leann Grant (Age 53)
Chief Legal Officer & Corp. Sec.

Mr. Kyle Morgan
Sr. VP of Corp. Devel. & Strategy

Mr. John MacDonald
Sr. VP of Marketing

Ms. Michelle Antoinette Johnson (Age 46)
Chief Talent & Diversity Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLMR Stock - Frequently Asked Questions

Should I buy or sell Palomar stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 6 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 2022?: 6 Wall Street analysts have issued 1-year price targets for Palomar's shares. Their PLMR share price forecasts range from $70.00 to $105.00. On average, they anticipate the company's stock price to reach $85.83 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
View analysts price targets for PLMR or view top-rated stocks among Wall Street analysts.
How have PLMR shares performed in 2022?: Palomar's stock was trading at $64.77 at the beginning of the year. Since then, PLMR stock has increased by 43.8% and is now trading at $93.12.
View the best growth stocks for 2022 here.
When is Palomar's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our PLMR earnings forecast.
How were Palomar's earnings last quarter?: Palomar Holdings, Inc. (NASDAQ:PLMR) posted its earnings results on Wednesday, August, 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $84.40 million for the quarter, compared to the consensus estimate of $87.23 million. Palomar had a net margin of 15.41% and a trailing twelve-month return on equity of 14.95%.
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 $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.
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 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 $93.12.
How much money does Palomar make?: Palomar (NASDAQ:PLMR) has a market capitalization of $2.35 billion and generates $247.79 million in revenue each year. The company earns $45.85 million in net income (profit) each year or $1.78 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 10/7/2022 by MarketBeat.com Staff

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Palomar - PLMR Stock Forecast, Price & News

Palomar MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows