Zacks Research Issues Positive Estimate for Palomar Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR) – Equities researchers at Zacks Research raised their Q3 2026 earnings estimates for shares of Palomar in a research note issued to investors on Monday, October 28th. Zacks Research analyst S. Sarkar now anticipates that the company will post earnings per share of $1.37 for the quarter, up from their prior estimate of $1.33. The consensus estimate for Palomar’s current full-year earnings is $4.35 per share.

Palomar (NASDAQ:PLMR) last announced its earnings results on Monday, August 5th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.16. The company had revenue of $123.08 million during the quarter, compared to the consensus estimate of $338.74 million. Palomar had a net margin of 21.63% and a return on equity of 20.83%. Palomar’s revenue was up 47.0% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods increased their price target on Palomar from $96.00 to $113.00 and gave the company an “outperform” rating in a research note on Tuesday, August 13th. Piper Sandler lifted their target price on shares of Palomar from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Evercore ISI boosted their target price on shares of Palomar from $90.00 to $99.00 and gave the stock an “in-line” rating in a research report on Tuesday, August 6th. Jefferies Financial Group raised their price target on shares of Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Palomar from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Palomar currently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

Palomar Price Performance

Palomar stock opened at $92.92 on Thursday. Palomar has a 1-year low of $49.73 and a 1-year high of $103.40. The business has a fifty day moving average price of $96.02 and a 200-day moving average price of $88.72. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 26.70 and a beta of 0.33.

Insider Activity

In related news, President Jon Christianson sold 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $94.40, for a total transaction of $944,000.00. Following the completion of the transaction, the president now owns 51,926 shares of the company’s stock, valued at $4,901,814.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO T Christopher Uchida sold 1,750 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $94.00, for a total transaction of $164,500.00. Following the sale, the chief financial officer now directly owns 22,344 shares of the company’s stock, valued at $2,100,336. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Jon Christianson sold 10,000 shares of Palomar stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $94.40, for a total value of $944,000.00. Following the completion of the transaction, the president now owns 51,926 shares of the company’s stock, valued at approximately $4,901,814.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,520 shares of company stock valued at $3,626,486 in the last ninety days. Insiders own 4.30% of the company’s stock.

Institutional Trading of Palomar

Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in Palomar by 48.6% during the third quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $36,000 after acquiring an additional 125 shares during the period. Arizona State Retirement System raised its position in shares of Palomar by 2.4% during the 2nd quarter. Arizona State Retirement System now owns 6,961 shares of the company’s stock worth $565,000 after purchasing an additional 164 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Palomar by 1.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the company’s stock valued at $1,202,000 after buying an additional 200 shares in the last quarter. CWM LLC boosted its holdings in Palomar by 15.7% in the 2nd quarter. CWM LLC now owns 1,601 shares of the company’s stock worth $130,000 after buying an additional 217 shares during the last quarter. Finally, Covestor Ltd increased its stake in Palomar by 29.0% during the 1st quarter. Covestor Ltd now owns 1,183 shares of the company’s stock worth $99,000 after buying an additional 266 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Palomar Company Profile

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.