NASDAQ:PLMR Palomar (PLMR) Stock Price, News & Analysis → Warning: this could blow your mind (From DTI) (Ad) Free PLMR Stock Alerts $84.25 +0.42 (+0.50%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$83.50▼$85.5150-Day Range$58.27▼$84.2552-Week Range$46.09▼$86.25Volume170,389 shsAverage Volume166,124 shsMarket Capitalization$2.10 billionP/E Ratio27.00Dividend YieldN/APrice Target$77.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Palomar alerts: Email Address Palomar MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.83 Rating ScoreUpside/Downside8.6% Downside$77.00 Price TargetShort InterestHealthy2.05% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.80Based on 7 Articles This WeekInsider TradingSelling Shares$3.10 M Sold Last QuarterProj. Earnings Growth20.16%From $3.82 to $4.59 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.2.99 out of 5 starsFinance Sector470th out of 844 stocksFire, Marine, & Casualty Insurance Industry28th out of 50 stocks 1.4 Analyst's Opinion Consensus RatingPalomar has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $77.00, Palomar has a forecasted downside of 8.6% from its current price of $84.25.Amount of Analyst CoveragePalomar has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.05% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently increased by 23.72%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldPalomar does not currently pay a dividend.Dividend GrowthPalomar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PLMR. Previous Next 3.8 News and Social Media Coverage News SentimentPalomar has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Palomar this week, compared to 3 articles on an average week.Search Interest4 people have searched for PLMR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat Follows9 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Palomar insiders have sold 2,683.99% more of their company's stock than they have bought. Specifically, they have bought $111,450.00 in company stock and sold $3,102,752.00 in company stock.Percentage Held by InsidersOnly 4.40% of the stock of Palomar is held by insiders.Percentage Held by Institutions90.25% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 20.16% in the coming year, from $3.82 to $4.59 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 27.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 27.00, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 62.81.Price to Book Value per Share RatioPalomar has a P/B Ratio of 4.42. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad DTICBOE shift unlocks new weekend income strategyYou might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange. You're probably wondering, “Okay… But how does that affect me?” This perk now allows everyday traders like yourself to target extra income over the weekend. Check out this training for the full story! About Palomar Stock (NASDAQ:PLMR)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. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.Read More PLMR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PLMR Stock News HeadlinesMarch 26, 2024 | insidertrades.comMac Armstrong Sells 7,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockMarch 19, 2024 | insidertrades.comT Christopher Uchida Sells 2,500 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockMarch 28, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 19, 2024 | insidertrades.comInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) President Sells 10,000 Shares of StockMarch 17, 2024 | insidertrades.comThomas A. Bradley Acquires 1,500 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockMarch 14, 2024 | insidertrades.comInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells 2,000 Shares of StockMarch 19, 2024 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 2,500 Shares of StockMarch 19, 2024 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) President Jon Christianson Sells 10,000 Shares of StockMarch 28, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 18, 2024 | finance.yahoo.comCINF May 2024 130.000 callMarch 16, 2024 | ca.finance.yahoo.comPLMR Jul 2024 40.000 putMarch 16, 2024 | ca.finance.yahoo.comPLMR Jul 2024 90.000 callMarch 16, 2024 | finance.yahoo.comPLMR Apr 2024 75.000 callMarch 14, 2024 | markets.businessinsider.comPalomar Holdings: Strong Buy on Robust Growth and Improved Reinsurance TermsMarch 14, 2024 | benzinga.comDecoding 4 Analyst Evaluations For Palomar HldgsMarch 8, 2024 | finance.yahoo.comDirector Thomas Bradley Acquires 1,500 Shares of Palomar Holdings Inc (PLMR)March 6, 2024 | finance.yahoo.comPalomar Holdings Inc's Chief Legal Officer Angela Grant Sells Company SharesMarch 1, 2024 | globenewswire.comPalomar Holdings, Inc. Appoints Thomas Bradley to its Board of DirectorsFebruary 28, 2024 | investing.comPalomar Holdings Inc (PLMR)February 26, 2024 | finance.yahoo.comPalomar Holdings Full Year 2023 Earnings: Beats ExpectationsFebruary 24, 2024 | msn.comPalomar Holdings (PLMR) Price Target Increased by 18.29% to 81.80February 20, 2024 | seekingalpha.comPalomar: Positive Guidance Isn't Fully Priced InFebruary 17, 2024 | ca.finance.yahoo.comWRB Mar 2024 90.000 callFebruary 17, 2024 | finance.yahoo.comPalomar Holdings Inc Insider Sells Company SharesFebruary 16, 2024 | finance.yahoo.comPalomar Holdings, Inc. (NASDAQ:PLMR) Q4 2023 Earnings Call TranscriptFebruary 16, 2024 | finance.yahoo.comPalomar's (PLMR) Q4 Earnings and Revenues Top, Rise Y/YFebruary 16, 2024 | markets.businessinsider.comJMP Securities Reaffirms Their Hold Rating on Palomar Holdings (PLMR)See More Headlines Receive PLMR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Palomar and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/14/2024Today3/27/2024Next Earnings (Estimated)5/01/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryN/A Current SymbolNASDAQ:PLMR CUSIPN/A CIK1761312 Webwww.palomarspecialty.com Phone(619) 567-5290Fax619-567-6954Employees213Year FoundedN/APrice Target and Rating Average Stock Price Target$77.00 High Stock Price Target$88.00 Low Stock Price Target$63.00 Potential Upside/Downside-8.6%Consensus RatingModerate Buy Rating Score (0-4)2.83 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$3.12 Trailing P/E Ratio27.00 Forward P/E Ratio22.05 P/E GrowthN/ANet Income$79.20 million Net Margins21.07% Pretax Margin27.57% Return on Equity19.35% Return on Assets5.24% Debt Debt-to-Equity RatioN/A Current Ratio0.49 Quick Ratio0.49 Sales & Book Value Annual Sales$375.93 million Price / Sales5.57 Cash Flow$3.51 per share Price / Cash Flow24.03 Book Value$19.08 per share Price / Book4.42Miscellaneous Outstanding Shares24,870,000Free Float23,775,000Market Cap$2.10 billion OptionableOptionable Beta0.21 The Best High-Yield Dividend Stocks for 2024Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. D. McDonald ArmstrongFounder, CEO & Chairman of the BoardMr. Jon Marcus Christianson (Age 44)President Comp: $632.73kMr. Toshio Christopher Uchida (Age 50)Chief Financial Officer Comp: $673.87kMs. Angela Leann Grant (Age 55)Chief Legal Officer & Corporate Secretary Comp: $477.41kMr. Jonathan Blake Knutzen (Age 52)Chief Risk Officer Comp: $551.11kMs. Elizabeth Whitaker SeitzEVP Treasury & Financial Operations & Chief Accounting OfficerMr. Mark BroseChief Technology OfficerMr. Kyle MorganSenior Vice President of Corporate Development & StrategyMr. John MacDonaldSenior Vice President of MarketingMr. Jake ArmstrongSenior Vice President of UnderwritingMore ExecutivesKey CompetitorsSiriusPointNYSE:SPNTFidelis InsuranceNYSE:FIHLHamilton Insurance GroupNYSE:HGHorace Mann EducatorsNYSE:HMNMercury GeneralNYSE:MCYView All CompetitorsInsiders & InstitutionsQuadrature Capital LtdBought 8,900 shares on 3/25/2024Ownership: 0.036%PNC Financial Services Group Inc.Sold 700 shares on 3/22/2024Ownership: 0.022%Mac ArmstrongSold 7,000 sharesTotal: $578,340.00 ($82.62/share)Jon ChristiansonSold 10,000 sharesTotal: $820,900.00 ($82.09/share)T Christopher UchidaSold 2,500 sharesTotal: $204,975.00 ($81.99/share)View All Insider TransactionsView All Institutional Transactions PLMR Stock Analysis - Frequently Asked Questions Should I buy or sell Palomar stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PLMR shares. View PLMR analyst ratings or view top-rated stocks. What is Palomar's stock price target for 2024? 6 equities research analysts have issued 12 month target prices for Palomar's shares. Their PLMR share price targets range from $63.00 to $88.00. On average, they anticipate the company's stock price to reach $77.00 in the next year. This suggests that the stock has a possible downside of 8.6%. View analysts price targets for PLMR or view top-rated stocks among Wall Street analysts. How have PLMR shares performed in 2024? Palomar's stock was trading at $55.50 on January 1st, 2024. Since then, PLMR stock has increased by 51.8% and is now trading at $84.25. View the best growth stocks for 2024 here. Are investors shorting Palomar? Palomar saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 492,900 shares, an increase of 23.7% from the February 29th total of 398,400 shares. Based on an average trading volume of 158,700 shares, the days-to-cover ratio is presently 3.1 days. Approximately 2.1% of the company's stock are sold short. View Palomar's Short Interest. When is Palomar's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our PLMR earnings forecast. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) released its earnings results on Wednesday, February, 14th. The company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.09. The company earned $102.35 million during the quarter, compared to analyst estimates of $95.07 million. Palomar had a net margin of 21.07% and a trailing twelve-month return on equity of 19.35%. What ETFs hold Palomar's stock? ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include Harbor Corporate Culture Small Cap ETF (HAPS) and SPDR S&P Insurance ETF (KIE).iShares U.S. Insurance ETF (IAK). What other stocks do shareholders of Palomar own? Based on aggregate information from My MarketBeat watchlists, some companies that other Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), CrowdStrike (CRWD), Taiwan Semiconductor Manufacturing (TSM), Teladoc Health (TDOC), Trade Desk (TTD), Beyond Meat (BYND), Dynatrace (DT) and Roku (ROKU). When did Palomar IPO? Palomar (PLMR) raised $63 million in an initial public offering (IPO) on Wednesday, April 17th 2019. The company issued 5,600,000 shares at a price of $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) acted as the underwriters for the IPO and Evercore ISI, William Blair, Sandler O'Neill + Partners and SunTrust Robinson Humphrey were co-managers. Who are Palomar's major shareholders? Palomar's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.57%), Vanguard Group Inc. (9.50%), Stephens Investment Management Group LLC (4.36%), Villere ST Denis J & Co. LLC (3.90%), Sumitomo Mitsui Trust Holdings Inc. (3.86%) and Nordea Investment Management AB (3.52%). Insiders that own company stock include Angela L Grant, Britt Morries, Heath A Fisher, Jon Christianson, Jonathan Knutzen, Mac Armstrong, Martha Notaras, Michelle Antoinette Johnson, Richard Rosso, Robert E Dowdell, Robert E Dowdell, T Christopher Uchida, Thomas A Bradley and William Bold. View institutional ownership trends. How do I buy shares of Palomar? Shares of PLMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:PLMR) was last updated on 3/28/2024 by MarketBeat.com Staff From Our PartnersTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin AnalyticsThe 3rd Revolution in WarfareWeiss Ratings Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Palomar Holdings, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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