Piper Sandler Issues Positive Forecast for Palomar (NASDAQ:PLMR) Stock Price

Palomar (NASDAQ:PLMR) had its price target raised by investment analysts at Piper Sandler from $165.00 to $174.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler‘s price target points to a potential upside of 11.77% from the stock’s previous close.

PLMR has been the subject of a number of other research reports. Truist Financial set a $175.00 target price on Palomar in a report on Thursday. Zacks Research downgraded shares of Palomar from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 29th. Keefe, Bruyette & Woods raised their target price on shares of Palomar from $166.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of Palomar from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Palomar from $167.00 to $156.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $164.80.

Palomar Trading Up 8.1%

NASDAQ:PLMR opened at $155.67 on Friday. Palomar has a 52 week low of $100.81 and a 52 week high of $162.08. The firm has a 50 day moving average of $134.47 and a 200 day moving average of $126.76. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.48 and a beta of 0.28.

Palomar (NASDAQ:PLMR) last released its quarterly earnings results on Wednesday, November 4th. The company reported $3.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.45. Palomar had a net margin of 17.60% and a return on equity of 25.42%. The business had revenue of $386.59 million for the quarter, compared to analyst estimates of $754.28 million. During the same period in the previous year, the company earned $2.01 earnings per share. As a group, sell-side analysts anticipate that Palomar will post 9.27 earnings per share for the current fiscal year.

Insider Activity

In other Palomar news, insider Jonathan Knutzen sold 296 shares of Palomar stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $127.75, for a total value of $37,814.00. Following the completion of the sale, the insider directly owned 28,250 shares of the company’s stock, valued at approximately $3,608,937.50. The trade was a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO T. Christopher Uchida sold 791 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $127.74, for a total value of $101,042.34. Following the completion of the transaction, the chief financial officer owned 16,238 shares of the company’s stock, valued at $2,074,242.12. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 12,115 shares of company stock worth $1,619,923. 3.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Palomar

Several institutional investors have recently added to or reduced their stakes in PLMR. Rockefeller Capital Management L.P. boosted its stake in Palomar by 81.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock worth $40,000 after buying an additional 132 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Palomar in the 2nd quarter valued at about $43,000. Frazier Financial Advisors LLC acquired a new position in shares of Palomar during the 2nd quarter valued at about $51,000. Fortitude Family Office LLC increased its stake in shares of Palomar by 5,050.0% during the 3rd quarter. Fortitude Family Office LLC now owns 412 shares of the company’s stock valued at $51,000 after acquiring an additional 404 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Palomar by 638.3% during the 1st quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock worth $53,000 after acquiring an additional 383 shares during the period. 90.25% of the stock is currently owned by institutional investors and hedge funds.

More Palomar News

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Palomar reported third-quarter adjusted EPS of $3.01, up from $2.01 a year earlier and above analysts’ $2.56 consensus. Net income also rose to $65.3 million from $51.5 million. The earnings beat and year-over-year growth support the positive view of the quarter. Palomar Q3 2026 results
• Positive Sentiment: Truist raised its price target to $175 from $168 and maintained a Buy rating, signaling continued analyst confidence in PLMR’s prospects. Truist price target update
• Neutral Sentiment: Palomar declared a quarterly dividend of $0.45 per share, payable December 2 to shareholders of record November 17. The dividend adds income for shareholders but is a modest yield-based catalyst. Palomar dividend information

About Palomar

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products in markets that may be underserved by traditional insurers. The company focuses on risks that are complex, difficult to place or exposed to natural catastrophes, using specialized underwriting and risk-management capabilities.

Its offerings include residential and commercial earthquake insurance, inland marine coverage, specialty property insurance, casualty products, workers’ compensation and other tailored insurance solutions.