Zacks Research Equities Analysts Lower Earnings Estimates for Palomar Holdings, Inc. (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Zacks Research lowered their Q1 2025 earnings estimates for Palomar in a report issued on Tuesday, October 8th. Zacks Research analyst S. Sarkar now forecasts that the company will post earnings of $1.29 per share for the quarter, down from their previous estimate of $1.30. The consensus estimate for Palomar’s current full-year earnings is $4.37 per share. Zacks Research also issued estimates for Palomar’s Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $5.21 EPS.

Other analysts have also recently issued reports about the company. Truist Financial upped their price objective on Palomar from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Evercore ISI raised their price objective on shares of Palomar from $90.00 to $99.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 6th. Keefe, Bruyette & Woods boosted their target price on Palomar from $96.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Piper Sandler increased their price target on Palomar from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group upped their price objective on Palomar from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

Palomar Trading Down 3.3 %

Shares of Palomar stock opened at $92.39 on Friday. The firm has a market cap of $2.31 billion, a PE ratio of 24.38 and a beta of 0.33. The stock has a 50 day moving average of $95.13 and a 200 day moving average of $87.24. Palomar has a 12 month low of $48.08 and a 12 month high of $103.40.

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

Insider Buying and Selling

In other news, CEO Mac Armstrong sold 12,227 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $91.08, for a total transaction of $1,113,635.16. Following the transaction, the chief executive officer now owns 47,082 shares of the company’s stock, valued at approximately $4,288,228.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO T Christopher Uchida sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $91.30, for a total value of $91,300.00. Following the sale, the chief financial officer now directly owns 24,094 shares in the company, valued at approximately $2,199,782.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mac Armstrong sold 12,227 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $91.08, for a total value of $1,113,635.16. Following the sale, the chief executive officer now owns 47,082 shares of the company’s stock, valued at approximately $4,288,228.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,305 shares of company stock valued at $4,856,333 over the last quarter. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Palomar

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its position in Palomar by 48.6% during the 3rd 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 stake 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 buying an additional 164 shares during the period. CWM LLC raised its position in Palomar by 15.7% during the second quarter. CWM LLC now owns 1,601 shares of the company’s stock worth $130,000 after acquiring an additional 217 shares during the period. Covestor Ltd lifted its stake in Palomar by 29.0% in the 1st quarter. Covestor Ltd now owns 1,183 shares of the company’s stock valued at $99,000 after buying an additional 266 shares in the last quarter. Finally, Texas Permanent School Fund Corp increased its stake in Palomar by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 21,644 shares of the company’s stock worth $1,814,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

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.