Zacks Research Issues Positive Forecast for Palomar Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR) – Stock analysts at Zacks Research upped their Q1 2025 earnings per share estimates for shares of Palomar in a report issued on Wednesday, February 26th. Zacks Research analyst S. Sarkar now expects that the company will earn $1.40 per share for the quarter, up from their previous forecast of $1.29. The consensus estimate for Palomar’s current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar’s Q2 2025 earnings at $1.41 EPS, Q3 2025 earnings at $1.47 EPS, Q4 2025 earnings at $1.85 EPS, FY2025 earnings at $6.15 EPS, Q1 2026 earnings at $1.45 EPS, Q2 2026 earnings at $1.46 EPS, Q3 2026 earnings at $1.93 EPS, Q4 2026 earnings at $2.41 EPS, FY2026 earnings at $7.26 EPS and FY2027 earnings at $8.59 EPS.

Palomar (NASDAQ:PLMR) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. Palomar had a return on equity of 19.76% and a net margin of 21.23%.

Several other brokerages also recently weighed in on PLMR. Keefe, Bruyette & Woods increased their price target on Palomar from $136.00 to $152.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Piper Sandler increased their price target on Palomar from $133.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. JPMorgan Chase & Co. increased their price target on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Finally, Truist Financial increased their target price on shares of Palomar from $112.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Palomar currently has an average rating of “Moderate Buy” and an average price target of $127.33.

Palomar Stock Performance

Shares of PLMR opened at $127.18 on Monday. The business’s 50-day moving average is $111.69 and its two-hundred day moving average is $103.84. The company has a market capitalization of $3.39 billion, a P/E ratio of 28.39 and a beta of 0.38. Palomar has a fifty-two week low of $71.54 and a fifty-two week high of $130.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new position in Palomar in the 4th quarter valued at about $26,000. Farther Finance Advisors LLC lifted its stake in Palomar by 490.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $43,000 after purchasing an additional 378 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Palomar by 536.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 414 shares of the company’s stock worth $43,000 after purchasing an additional 349 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Palomar by 63.2% in the 4th quarter. Jones Financial Companies Lllp now owns 493 shares of the company’s stock worth $52,000 after purchasing an additional 191 shares in the last quarter. Finally, Covestor Ltd lifted its stake in Palomar by 20.2% in the 3rd quarter. Covestor Ltd now owns 1,076 shares of the company’s stock worth $102,000 after purchasing an additional 181 shares in the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palomar

In related news, insider Angela L. Grant sold 1,505 shares of the firm’s stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of $105.86, for a total value of $159,319.30. Following the transaction, the insider now directly owns 2,534 shares of the company’s stock, valued at approximately $268,249.24. This trade represents a 37.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO T Christopher Uchida sold 552 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $123.26, for a total transaction of $68,039.52. Following the completion of the transaction, the chief financial officer now directly owns 15,683 shares in the company, valued at $1,933,086.58. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 38,485 shares of company stock valued at $4,098,195 in the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

About Palomar

Palomar Holdings, Inc, a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance.