FY2026 EPS Estimates for Palomar Increased by Zacks Research

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

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

Palomar Price Performance

NASDAQ PLMR opened at $105.18 on Friday. Palomar has a 1 year low of $54.50 and a 1 year high of $112.90. The company has a market capitalization of $2.78 billion, a PE ratio of 24.98 and a beta of 0.36. The company has a fifty day moving average of $102.66 and a 200 day moving average of $95.06.

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

Insider Transactions at Palomar

In other Palomar news, President Jon Christianson sold 3,805 shares of the business’s stock in a transaction that occurred 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 owns 51,926 shares in the company, valued at approximately $5,350,455.04. The trade was a 6.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mac Armstrong sold 7,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $103.04, for a total value of $721,280.00. Following the transaction, the chief executive officer now directly owns 419,388 shares in the company, valued at approximately $43,213,739.52. This represents a 1.64 % 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 worth $2,855,805 in the last quarter. Company insiders own 4.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in Palomar by 214.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 165,685 shares of the company’s stock worth $13,445,000 after purchasing an additional 112,996 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Palomar by 8.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,833 shares of the company’s stock worth $636,000 after buying an additional 594 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Palomar in the 2nd quarter valued at about $49,000. Rhumbline Advisers increased its holdings in Palomar by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 68,490 shares of the company’s stock valued at $5,558,000 after acquiring an additional 947 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Palomar by 1,634.6% in the second 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 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.