NASDAQ:PLMR - Palomar 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 (WHO). Since then, PLMR shares have increased by 16.9% and is now trading at $55.54. View which stocks have been mosted 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 Thursday, May 21st 2020. View our earnings forecast for Palomar.

Palomar Holdings Inc (NASDAQ:PLMR) issued its quarterly earnings data on Tuesday, February, 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.51 by $0.03. The business earned $33.45 million during the quarter, compared to the consensus estimate of $34.87 million. Palomar had a net margin of 9.37% and a return on equity of 20.80%. View Palomar's earnings history.

7 brokerages have issued 1 year price targets for Palomar's shares. Their forecasts range from $36.00 to $70.00. On average, they expect Palomar's share price to reach $51.60 in the next year. This suggests that the stock has a possible downside of 7.1%. View analysts' price targets for Palomar.

News headlines about PLMR stock have been trending negative on Sunday, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Palomar earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news aboutPalomar.

Palomar saw a increase in short interest in February. As of February 14th, there was short interest totaling 980,600 shares, an increase of 12.0% from the January 30th total of 875,800 shares. Based on an average daily volume of 302,500 shares, the short-interest ratio is presently 3.2 days. Currently, 5.2% of the shares of the stock are short sold. View Palomar's Current Options Chain.

Some companies that are related to Palomar include Kemper (KMPR), RLI (RLI), Hanover Insurance Group (THG), Enstar Group (ESGR), Axis Capital (AXS), White Mountains Insurance Group (WTM), Selective Insurance Group (SIGI), Kinsale Capital Group (KNSL), Mercury General (MCY), National General (NGHC), Horace Mann Educators (HMN), ProAssurance (PRA), Safety Insurance Group (SAFT), State Auto Financial (STFC) and Amerisafe (AMSF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), InMode (INMD), Qorvo (QRVO), AbbVie (ABBV), Alibaba Group (BABA), Metlife (MET), Paycom Software (PAYC), Taiwan Semiconductor Mfg. (TSM) and Verizon Communications (VZ).

(PLMR) raised $63 million in an initial public offering (IPO) 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) 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 institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (3.74%), Peregrine Capital Management LLC (1.82%), Driehaus Capital Management LLC (1.52%), Champlain Investment Partners LLC (1.49%), Blackstone Group Inc (1.18%) and Emerald Mutual Fund Advisers Trust (1.17%). Company insiders that own Palomar stock include Andrew T Robinson, George L Estes III, Heath A Fisher, Jon Christianson, Mac Armstrong, Robert E Dowdell 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 Nuveen Asset Management LLC, Driehaus Capital Management LLC, Point72 Asset Management L.P., Schroder Investment Management Group, Redwood Investments LLC, Kornitzer Capital Management Inc. KS, Axiom International Investors LLC DE, and EAM Investors 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, 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 Emerald Mutual Fund Advisers Trust, Emerald Advisers LLC, Alliancebernstein L.P., CWM LLC, State Street Corp, Blackstone Group Inc, Geode Capital Management LLC, and Champlain Investment Partners LLC. 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 $55.54.

Palomar has a market capitalization of $1.35 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.  View additional information about Palomar.

The official website for Palomar is http://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]