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 stock has increased by 108.0% and is now trading at $98.84.
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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."
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Palomar is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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Palomar Holdings Inc (NASDAQ:PLMR) announced its quarterly earnings results on Tuesday, August, 4th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.49 by $0.03. Palomar had a return on equity of 18.64% and a net margin of 28.53%. During the same quarter in the prior year, the company posted $0.36 EPS.
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7 Wall Street analysts have issued 12 month target prices for Palomar's stock. Their forecasts range from $36.00 to $95.00. On average, they anticipate Palomar's stock price to reach $67.67 in the next year. This suggests that the stock has a possible downside of 31.5%.
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News stories about PLMR stock have been trending neutral on Wednesday, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Palomar earned a coverage optimism score of 0.2 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days.
View the latest news about Palomar.

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), Hanover Insurance Group (THG), National General (NGHC), Enstar Group (ESGR), Lemonade (LMND), Axis Capital (AXS), 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), 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 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.

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

Palomar's stock is owned by a number of retail and institutional investors. Top institutional investors include Emerald Advisers LLC (1.96%), Emerald Mutual Fund Advisers Trust (1.83%), Peregrine Capital Management LLC (1.43%), Sumitomo Mitsui Trust Holdings Inc. (1.34%), Redwood Investments LLC (0.76%) and Kornitzer Capital Management Inc. KS (0.64%). 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.
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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, UBS Group AG, Chartwell Investment Partners LLC, Strs Ohio, and Parallel Advisors 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, 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 Principal Financial Group Inc., Oak Ridge Investments LLC, Emerald Mutual Fund Advisers Trust, Summit Creek Advisors LLC, First Trust Advisors LP, WINTON GROUP Ltd, Emerald Advisers LLC, and Comerica Bank.
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 $98.84.

Palomar has a market capitalization of $2.40 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]