Palomar Stock Forecast, Price & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PLMR stock has increased by 98.5% and is now trading at $94.29.
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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, resulting in a consensus recommendation of "Buy."
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Palomar is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Palomar.

Palomar Holdings Inc (NASDAQ:PLMR) issued its quarterly earnings results on Tuesday, August, 4th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.49 by $0.03. The company earned $42.37 million during the quarter, compared to analysts' expectations of $37.24 million. Palomar had a return on equity of 17.46% and a net margin of 28.80%. During the same period in the previous year, the business earned $0.36 EPS.
View Palomar's earnings history.

5 analysts have issued 1 year target prices for Palomar's stock. Their forecasts range from $55.00 to $125.00. On average, they expect Palomar's stock price to reach $85.33 in the next year. This suggests that the stock has a possible downside of 9.5%.
View analysts' price targets for Palomar.

Some companies that are related to Palomar include RenaissanceRe (RNR), Everest Re Group (RE), Alleghany (Y), CNA Financial (CNA), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), American Financial Group (AFG), Kinsale Capital Group (KNSL), Kemper (KMPR), RLI (RLI), AXIS Capital (AXS), Enstar Group (ESGR), National General (NGHC), The Hanover Insurance Group (THG), Selective Insurance Group (SIGI) and White Mountains Insurance Group (WTM).
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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).

(PLMR) raised $63 million in an initial public offering 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.

Palomar trades on the NASDAQ under the ticker symbol "PLMR."

Palomar's stock is owned by a number of retail and institutional investors. Top institutional investors include Peregrine Capital Management LLC (1.01%), CWM LLC (0.33%), Ziegler Capital Management LLC (0.28%), Summit Creek Advisors LLC (0.14%), State of Alaska Department of Revenue (0.08%) and Syntal Capital Partners LLC (0.05%). 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 sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC, Syntal Capital Partners LLC, CWM LLC, Conestoga Capital Advisors LLC, Summit Creek Advisors LLC, and Nisa Investment Advisors LLC. Company insiders that have sold Palomar company stock in the last year 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 insider buying and selling activity for Palomar.

PLMR stock was bought by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, Louisiana State Employees Retirement System, State of Alaska Department of Revenue, Envestnet Asset Management Inc., and Crossmark Global Holdings Inc..
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 $94.29.

Palomar has a market capitalization of $2.40 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]