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S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
The Most Bought AI Stock by Congress Isn’t NVIDIA
5 Dividend Kings Stocks to Load Up on Now
Palantir Technologies: Bearish Sentiment, Bullish Chart Signals
Chinese leader Xi issues a positive message at a meeting with US business leaders as ties improve
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
NASDAQ:PLMR

Palomar (PLMR) Stock Price, News & Analysis

$84.25
+0.42 (+0.50%)
(As of 03/27/2024 ET)
Today's Range
$83.50
$85.51
50-Day Range
$58.27
$84.25
52-Week Range
$46.09
$86.25
Volume
170,389 shs
Average Volume
166,124 shs
Market Capitalization
$2.10 billion
P/E Ratio
27.00
Dividend Yield
N/A
Price Target
$77.00

Palomar MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
8.6% Downside
$77.00 Price Target
Short Interest
Healthy
2.05% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.80mentions of Palomar in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$3.10 M Sold Last Quarter
Proj. Earnings Growth
20.16%
From $3.82 to $4.59 Per Share

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 stars

Finance Sector

470th out of 844 stocks

Fire, Marine, & Casualty Insurance Industry

28th out of 50 stocks

PLMR stock logo

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.

PLMR Stock Price History

PLMR Stock News Headlines

4x Better than Bitcoin
4x 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.
4x Better than Bitcoin
4x 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.
CINF May 2024 130.000 call
PLMR Jul 2024 40.000 put
PLMR Jul 2024 90.000 call
PLMR Apr 2024 75.000 call
Palomar Holdings Inc (PLMR)
Palomar: Positive Guidance Isn't Fully Priced In
WRB Mar 2024 90.000 call
Palomar Holdings Inc Insider Sells Company Shares
Palomar's (PLMR) Q4 Earnings and Revenues Top, Rise Y/Y
JMP Securities Reaffirms Their Hold Rating on Palomar Holdings (PLMR)
See More Headlines
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Company Calendar

Last Earnings
2/14/2024
Today
3/27/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Fire, marine, & casualty insurance
Sub-Industry
N/A
Current Symbol
NASDAQ:PLMR
Employees
213
Year Founded
N/A

Price 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 Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
$79.20 million
Pretax Margin
27.57%

Debt

Sales & Book Value

Annual Sales
$375.93 million
Cash Flow
$3.51 per share
Book Value
$19.08 per share

Miscellaneous

Free Float
23,775,000
Market Cap
$2.10 billion
Optionable
Optionable
Beta
0.21
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Key Executives

  • Mr. D. McDonald Armstrong
    Founder, CEO & Chairman of the Board
  • Mr. Jon Marcus Christianson (Age 44)
    President
    Comp: $632.73k
  • Mr. Toshio Christopher UchidaMr. Toshio Christopher Uchida (Age 50)
    Chief Financial Officer
    Comp: $673.87k
  • Ms. Angela Leann Grant (Age 55)
    Chief Legal Officer & Corporate Secretary
    Comp: $477.41k
  • Mr. Jonathan Blake Knutzen (Age 52)
    Chief Risk Officer
    Comp: $551.11k
  • Ms. Elizabeth Whitaker Seitz
    EVP Treasury & Financial Operations & Chief Accounting Officer
  • Mr. Mark Brose
    Chief Technology Officer
  • Mr. Kyle Morgan
    Senior Vice President of Corporate Development & Strategy
  • Mr. John MacDonald
    Senior Vice President of Marketing
  • Mr. Jake ArmstrongMr. Jake Armstrong
    Senior Vice President of Underwriting

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

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