NASDAQ:PLMRPalomar Stock Price, Forecast & News

Palomar's stock was trading at $47.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PLMR shares have increased by 113.7% and is now trading at $101.55.
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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, November 2nd 2020.
View our earnings forecast for Palomar.

Palomar Holdings Inc (NASDAQ:PLMR) issued its quarterly earnings data on Tuesday, August, 4th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. 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 posted $0.36 earnings per share.
View Palomar's earnings history.

7 brokers have issued twelve-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 twelve months. This suggests that the stock has a possible downside of 33.4%.
View analysts' price targets for Palomar.

News stories about PLMR stock have trended negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Palomar earned a news sentiment score of -2.2 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.
View the latest news about Palomar.

Palomar saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,143,100 shares, an increase of 44.8% from the February 27th total of 789,600 shares. Based on an average daily trading volume, of 248,900 shares, the days-to-cover ratio is currently 4.6 days.
View Palomar's Short Interest.

Some companies that are related to Palomar include RenaissanceRe (RNR), Cna Financial (CNA), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Alleghany (Y), American Financial Group (AFG), Kemper (KMPR), Kinsale Capital Group (KNSL), RLI (RLI), Enstar Group (ESGR), Hanover Insurance Group (THG), National General (NGHC), Axis Capital (AXS), Lemonade (LMND), 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), AbbVie (ABBV), Trade Desk (TTD), Dynatrace (DT), Taiwan Semiconductor Mfg. (TSM), Bristol-Myers Squibb (BMY), Netflix (NFLX), ServiceNow (NOW) and Paypal (PYPL).

(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 many different institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (2.44%), Blair William & Co. IL (2.05%), Emerald Advisers LLC (1.96%), Emerald Mutual Fund Advisers Trust (1.83%), Peregrine Capital Management LLC (1.43%) and Sumitomo Mitsui Trust Holdings Inc. (1.34%). 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, Sumitomo Mitsui Trust Holdings Inc., RMB Capital Management LLC, CWM LLC, Macquarie Group Ltd., UBS Group AG, Chartwell Investment Partners LLC, and Strs Ohio. 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 KAMES CAPITAL plc, Principal Financial Group Inc., Bank of New York Mellon Corp, Oak Ridge Investments LLC, Emerald Mutual Fund Advisers Trust, Summit Creek Advisors LLC, Blair William & Co. IL, and First Trust Advisors LP.
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 $101.55.

Palomar has a market capitalization of $2.59 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]