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. Since then, PLMR shares have increased by 72.1% and is now trading at $81.75. 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, topping the Thomson Reuters' consensus estimate of $0.39 by $0.11. The business had revenue of $38.02 million for the quarter, compared to the consensus estimate of $35.72 million. Palomar had a net margin of 28.53% and a return on equity of 18.64%. During the same period last year, the company earned $0.52 earnings per share. View Palomar's earnings history.

7 brokerages have issued twelve-month target prices for Palomar's shares. Their forecasts range from $36.00 to $70.00. On average, they expect Palomar's share price to reach $55.33 in the next year. This suggests that the stock has a possible downside of 32.3%. View analysts' price targets for Palomar.

News articles about PLMR stock have been trending very negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Palomar earned a news impact score of -3.2 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near future. View the latest news aboutPalomar.

Some companies that are related to Palomar include American Financial Group (AFG), Kemper (KMPR), Hanover Insurance Group (THG), RLI (RLI), Kinsale Capital Group (KNSL), Enstar Group (ESGR), Selective Insurance Group (SIGI), Axis Capital (AXS), White Mountains Insurance Group (WTM), National General (NGHC), Mercury General (MCY), Horace Mann Educators (HMN), Amerisafe (AMSF), James River Group (JRVR) and Safety Insurance Group (SAFT). 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 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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.32%), Alliancebernstein L.P. (3.52%), Driehaus Capital Management LLC (2.34%), Champlain Investment Partners LLC (2.30%), Loomis Sayles & Co. L P (2.28%) and Bank of New York Mellon Corp (2.16%). 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 Alliancebernstein L.P., LGT Capital Partners LTD., EAM Investors LLC, JPMorgan Chase & Co., Invesco Ltd., EAM Global Investors LLC, Peregrine Capital Management LLC, and Morgan Stanley. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Blair William & Co. IL, Sumitomo Mitsui Trust Holdings Inc., Bank of New York Mellon Corp, Driehaus Capital Management LLC, Champlain Investment Partners LLC, Emerald Advisers LLC, and State Street Corp. 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 $81.75.

Palomar has a market capitalization of $1.98 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]