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NASDAQ:PLMR

Palomar - PLMR Stock Forecast, Price & News

$53.86
-0.07 (-0.13%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$53.48
$54.46
50-Day Range
$49.22
$61.04
52-Week Range
$43.63
$95.20
Volume
57,969 shs
Average Volume
156,883 shs
Market Capitalization
$1.35 billion
P/E Ratio
26.53
Dividend Yield
N/A
Price Target
$72.00

Palomar MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
33.7% Upside
$72.00 Price Target
Short Interest
Healthy
2.49% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.22mentions of Palomar in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$295,000 Sold Last Quarter
Proj. Earnings Growth
20.31%
From $3.25 to $3.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Finance Sector

191st out of 891 stocks

Fire, Marine, & Casualty Insurance Industry

9th out of 47 stocks


PLMR stock logo

About Palomar (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. operates as an insurance holding company. The firm focuses on the residential and commercial earthquake markets in earthquake-exposed states such as California, Oregon, Washington and states with exposure to the New Madrid Seismic Zone. It offers property and casualty insurance. The company was founded by Armstrong Mac & Fisher Heath on October 4, 2013 and is headquartered in La Jolla, CA.

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PLMR Stock News Headlines

Palomar (NASDAQ:PLMR) Trading Down 2.7%
Palomar (NASDAQ:PLMR) Trading Up 6.3%
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Palomar (PLMR) Q4 Earnings Surpass Estimates
Palomar (PLMR) Q3 Earnings Miss, Rise Y/Y, View Tightened
Palomar (PLMR) Q3 Earnings and Revenues Lag Estimates
Palomar Holdings, Inc. Reports Third Quarter 2022 Results
See More Headlines
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PLMR Company Calendar

Last Earnings
2/15/2023
Today
3/28/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PLMR
Employees
151
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$72.00
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$55.00
Forecasted Upside/Downside
+33.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$52.17 million
Pretax Margin
20.65%

Debt

Sales & Book Value

Annual Sales
$327.09 million
Cash Flow
$3.07 per share
Book Value
$15.25 per share

Miscellaneous

Free Float
23,884,000
Market Cap
$1.35 billion
Optionable
Not Optionable
Beta
0.06

Key Executives

  • Mac ArmstrongMac Armstrong
    Chairman & Chief Executive Officer
  • Jon ChristiansonJon Christianson
    President & Chief Operating Officer
  • Chris Uchida
    Secretary, Chief Financial & Accounting Officer
  • Mark Brose
    Chief Technology Officer
  • Kyle Morgan
    Senior VP-Corporate Development & Strategy













PLMR Stock - Frequently Asked Questions

Should I buy or sell Palomar stock right now?

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

What is Palomar's stock price forecast for 2023?

7 equities research analysts have issued 12 month price targets for Palomar's shares. Their PLMR share price forecasts range from $55.00 to $105.00. On average, they predict the company's share price to reach $72.00 in the next year. This suggests a possible upside of 33.5% from the stock's current price.
View analysts price targets for PLMR
or view top-rated stocks among Wall Street analysts.

How have PLMR shares performed in 2023?

Palomar's stock was trading at $45.16 at the start of the year. Since then, PLMR shares have increased by 19.5% and is now trading at $53.95.
View the best growth stocks for 2023 here
.

When is Palomar's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our PLMR earnings forecast
.

How were Palomar's earnings last quarter?

Palomar Holdings, Inc. (NASDAQ:PLMR) released its quarterly earnings results on Wednesday, February, 15th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The business had revenue of $83.37 million for the quarter, compared to the consensus estimate of $86.32 million. Palomar had a trailing twelve-month return on equity of 17.13% and a net margin of 15.95%. The firm's quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.74 earnings per share.

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), Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU).

When did Palomar IPO?

(PLMR) raised $63 million in an initial public offering (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 institutional and retail investors. Top institutional shareholders include Nordea Investment Management AB (4.87%), T. Rowe Price Investment Management Inc. (4.75%), Villere ST Denis J & Co. LLC (4.04%), Sumitomo Mitsui Trust Holdings Inc. (3.73%), Stephens Investment Management Group LLC (2.93%) and Emerald Advisers LLC (2.12%). Insiders that own company stock include Andrew T Robinson, Britt Morries, Heath A Fisher, Jon Christianson, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard H Taketa, Richard Rosso, Robert E Dowdell, Robert E Dowdell, T Christopher Uchida, Vi Gp Aiv Ltd Genstar and William Bold.
View institutional ownership trends
.

How do I buy shares of Palomar?

Shares of PLMR stock 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 $53.95.

How much money does Palomar make?

Palomar (NASDAQ:PLMR) has a market capitalization of $1.35 billion and generates $327.09 million in revenue each year. The company earns $52.17 million in net income (profit) each year or $2.03 on an earnings per share basis.

How many employees does Palomar have?

The company employs 151 workers across the globe.

How can I contact Palomar?

Palomar's mailing address is 7979 IVANHOE AVENUE SUITE 500, LA JOLLA CA, 92037. The official website for the company is www.palomarspecialty.com. The company can be reached via phone at (619) 567-5290, via email at investors@palomarspecialty.com, or via fax at 619-567-6954.

This page (NASDAQ:PLMR) was last updated on 3/28/2023 by MarketBeat.com Staff