Zacks Research Estimates Palomar’s Q3 Earnings (NASDAQ:PLMR)

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

A number of other research analysts also recently commented on PLMR. Piper Sandler increased their target price on Palomar from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lifted their price objective on shares of Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Truist Financial boosted their target price on shares of Palomar from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Keefe, Bruyette & Woods increased their price target on shares of Palomar from $96.00 to $113.00 and gave the company an “outperform” rating in a report on Tuesday, August 13th. Finally, Evercore ISI boosted their price objective on Palomar from $90.00 to $99.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.50.

Palomar Trading Down 0.4 %

Shares of Palomar stock opened at $92.92 on Thursday. The firm has a market cap of $2.32 billion, a PE ratio of 26.70 and a beta of 0.33. The stock has a 50 day moving average of $96.02 and a 200 day moving average of $88.72. Palomar has a 12 month low of $49.73 and a 12 month high of $103.40.

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

Insiders Place Their Bets

In other Palomar news, Director Thomas A. Bradley bought 1,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were purchased at an average price of $89.42 per share, with a total value of $89,420.00. Following the completion of the purchase, the director now owns 4,724 shares in the company, valued at $422,420.08. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Thomas A. Bradley bought 1,000 shares of the stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $89.42 per share, with a total value of $89,420.00. Following the completion of the purchase, the director now owns 4,724 shares of the company’s stock, valued at $422,420.08. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO T Christopher Uchida sold 1,750 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $94.00, for a total transaction of $164,500.00. Following the completion of the transaction, the chief financial officer now directly owns 22,344 shares in the company, valued at $2,100,336. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,520 shares of company stock valued at $3,626,486 over the last 90 days. Insiders own 4.30% of the company’s stock.

Institutional Trading of Palomar

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in Palomar during the 1st quarter valued at $602,000. Picton Mahoney Asset Management raised its holdings in shares of Palomar by 1,940.6% in the first quarter. Picton Mahoney Asset Management now owns 39,690 shares of the company’s stock valued at $3,329,000 after acquiring an additional 37,745 shares in the last quarter. Quadrature Capital Ltd lifted its stake in Palomar by 155.9% in the first quarter. Quadrature Capital Ltd now owns 22,773 shares of the company’s stock worth $1,906,000 after acquiring an additional 13,873 shares during the period. Driehaus Capital Management LLC grew its holdings in Palomar by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 300,213 shares of the company’s stock worth $24,362,000 after acquiring an additional 43,841 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Palomar by 1,634.6% during the 2nd quarter. Victory Capital Management Inc. now owns 177,678 shares of the company’s stock valued at $14,419,000 after purchasing an additional 167,435 shares during the period. Hedge funds and other institutional investors 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.