FY2026 EPS Estimates for Palomar Lifted by Zacks Research

Palomar Holdings, Inc. (NASDAQ:PLMR) – Zacks Research lifted their FY2026 earnings estimates for shares of Palomar in a research note issued on Tuesday, December 24th. Zacks Research analyst S. Sarkar now anticipates that the company will post earnings of $6.64 per share for the year, up from their prior forecast of $6.55. The consensus estimate for Palomar’s current full-year earnings is $4.33 per share.

Several other brokerages have also issued reports on PLMR. Keefe, Bruyette & Woods lifted their target price on shares of Palomar from $120.00 to $136.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Piper Sandler upped their target price on shares of Palomar from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. raised their price target on Palomar from $93.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group upped their price objective on Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.67.

Palomar Trading Down 0.8 %

Shares of PLMR opened at $104.39 on Friday. Palomar has a 12-month low of $54.50 and a 12-month high of $112.90. The company has a market cap of $2.76 billion, a PE ratio of 24.80 and a beta of 0.36. The stock has a 50-day moving average price of $102.81 and a 200-day moving average price of $95.27.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $148.50 million during the quarter, compared to analyst estimates of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same quarter last year, the company earned $0.80 earnings per share.

Hedge Funds Weigh In On Palomar

Several hedge funds and other institutional investors have recently modified their holdings of PLMR. State Street Corp boosted its position in Palomar by 3.0% during the 3rd quarter. State Street Corp now owns 1,097,702 shares of the company’s stock valued at $103,919,000 after acquiring an additional 32,151 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Palomar by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 600,092 shares of the company’s stock valued at $56,822,000 after purchasing an additional 18,335 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Palomar by 15.0% during the second quarter. Dimensional Fund Advisors LP now owns 508,870 shares of the company’s stock valued at $41,295,000 after purchasing an additional 66,478 shares in the last quarter. Emerald Advisers LLC grew its stake in Palomar by 1.9% in the third quarter. Emerald Advisers LLC now owns 449,973 shares of the company’s stock worth $42,599,000 after purchasing an additional 8,601 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in Palomar by 24.5% in the third quarter. Westfield Capital Management Co. LP now owns 394,408 shares of the company’s stock worth $37,339,000 after purchasing an additional 77,552 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Buying and Selling

In other Palomar news, CEO Mac Armstrong sold 7,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $96.28, for a total value of $673,960.00. Following the completion of the sale, the chief executive officer now owns 433,388 shares in the company, valued at approximately $41,726,596.64. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Jon Christianson sold 3,805 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $103.04, for a total value of $392,067.20. Following the completion of the sale, the president now directly owns 51,926 shares of the company’s stock, valued at $5,350,455.04. The trade was a 6.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,356 shares of company stock valued at $2,855,805 over the last three months. 4.30% of the stock is owned by company insiders.

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.