NASDAQ:PLMR

Palomar Stock Forecast, Price & News

$77.90
+1.47 (+1.92 %)
(As of 06/17/2021 12:00 AM ET)
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Today's Range
$76.16
$79.73
50-Day Range
$62.95
$79.88
52-Week Range
$61.01
$121.87
Volume154,564 shs
Average Volume220,932 shs
Market Capitalization$1.99 billion
P/E Ratio185.48
Dividend YieldN/A
Beta-0.28
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About Palomar

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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MarketRank

Overall MarketRank

1.92 out of 5 stars

Finance Sector

271st out of 1,974 stocks

Fire, Marine, & Casualty Insurance Industry

28th out of 93 stocks

Analyst Opinion: 3.4Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Palomar (NASDAQ:PLMR) Frequently Asked Questions

Is Palomar a buy right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Palomar stock.
View analyst ratings for Palomar
or view top-rated stocks.

What stocks does MarketBeat like better than Palomar?

Wall Street analysts have given Palomar a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Palomar wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Palomar's next earnings date?

Palomar is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Palomar
.

How were Palomar's earnings last quarter?

Palomar Holdings, Inc. (NASDAQ:PLMR) released its quarterly earnings results on Wednesday, May, 5th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.22. The business earned $49.98 million during the quarter, compared to analyst estimates of $51.11 million. Palomar had a trailing twelve-month return on equity of 4.16% and a net margin of 6.26%.
View Palomar's earnings history
.

How has Palomar's stock been impacted by COVID-19?

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 64.0% and is now trading at $77.90.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for PLMR?

4 brokers have issued 12 month target prices for Palomar's shares. Their forecasts range from $94.00 to $125.00. On average, they expect Palomar's share price to reach $104.20 in the next year. This suggests a possible upside of 33.8% from the stock's current price.
View analysts' price targets for Palomar
or view top-rated stocks among Wall Street analysts.

Who are Palomar's key executives?

Palomar's management team includes the following people:
  • Mr. D. McDonald Armstrong, Founder, CEO & Chairman
  • Mr. Heath Adam Fisher, Pres & Co-Founder (Age 47, Pay $429.25k)
  • Mr. Toshio Christopher Uchida, Chief Financial Officer (Age 47, Pay $408.55k)
  • Mr. Jon Marcus Christianson, Chief Underwriting Officer (Age 41, Pay $448.75k)
  • Mr. William Bold, Chief Strategy Officer (Age 52, Pay $331.46k)
  • Mr. Britt Morries, Chief Operating Officer (Age 49)
  • Ms. Elizabeth Whitaker Seitz, Chief Accounting Officer
  • Mr. Mark Brose, Chief Technology Officer
  • Ms. Angela L. Grant, Chief Legal Officer & Corp. Sec. (Age 52)
  • Mr. Kyle Morgan, Sr. VP of Corp. Devel. & Strategy

Who are some of Palomar's key 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), The 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 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.

What is Palomar's stock symbol?

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

Who are Palomar's major shareholders?

Palomar's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.82%), Amundi Asset Management US Inc. (5.94%), Nordea Investment Management AB (4.01%), Price T Rowe Associates Inc. MD (3.96%), Villere ST Denis J & Co. LLC (3.62%) and Sumitomo Mitsui Trust Holdings Inc. (2.99%). Company insiders that own Palomar stock include Andrew T Robinson, Britt Morries, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard H Taketa, Robert E Dowdell, T Christopher Uchida and Vi Gp Aiv Ltd Genstar.
View institutional ownership trends for Palomar
.

Which institutional investors are selling Palomar stock?

PLMR stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Blair William & Co. IL, Jupiter Asset Management Ltd., Federated Hermes Inc., The Manufacturers Life Insurance Company, King Luther Capital Management Corp, FIL Ltd, and Artemis Investment Management LLP. Company insiders that have sold Palomar company stock in the last year include Andrew T Robinson, Britt Morries, Heath A Fisher, Jon Christianson, Mac Armstrong, Michelle Antoinette Johnson, Robert E Dowdell, and T Christopher Uchida.
View insider buying and selling activity for Palomar
or view top insider-selling stocks.

Which institutional investors are buying Palomar stock?

PLMR stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, Villere ST Denis J & Co. LLC, Oak Ridge Investments LLC, Amundi Asset Management US Inc., BlackRock Inc., Kornitzer Capital Management Inc. KS, Brown Advisory Inc., and Goldman Sachs Group Inc.. Company insiders that have bought Palomar stock in the last two years include Martha Notaras, Richard H Taketa, and Robert E Dowdell.
View insider buying and selling activity for Palomar
or or view top insider-buying stocks.

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 $77.90.

How much money does Palomar make?

Palomar has a market capitalization of $1.99 billion and generates $168.46 million in revenue each year. The company earns $6.26 million in net income (profit) each year or $0.35 on an earnings per share basis.

How many employees does Palomar have?

Palomar employs 122 workers across the globe.

What is Palomar's official website?

The official website for Palomar is www.palomarspecialty.com.

Where are Palomar's headquarters?

Palomar is headquartered at 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037.

How can I contact Palomar?

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]


This page was last updated on 6/18/2021 by MarketBeat.com Staff
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