NASDAQ:PLMRPalomar Stock Price, Forecast & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PLMR shares have 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 earnings results on Tuesday, May, 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. The business earned $38.02 million during 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 quarter in the prior year, the firm earned $0.52 EPS. View Palomar's earnings history.

7 analysts have issued 12-month price targets for Palomar's stock. Their forecasts range from $36.00 to $95.00. On average, they expect Palomar's share price to reach $67.67 in the next year. This suggests that the stock has a possible downside of 25.4%. View analysts' price targets for Palomar.

News articles about PLMR stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Palomar earned a news sentiment score of -3.2 on InfoTrie's scale. They also gave headlines about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Palomar.

Palomar saw a increase in short interest in 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), 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 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.

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]