Should I buy or sell Palomar stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 3 hold ratings and 4 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?

7 analysts have issued 1-year price objectives for Palomar's stock. Their PLMR share price targets range from $85.00 to $89.00. On average, they anticipate the company's share price to reach $87.50 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price. 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 at the beginning of the year. Since then, PLMR stock has increased by 41.7% and is now trading at $78.62. View the best growth stocks for 2024 here .

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) posted its quarterly earnings data on Wednesday, February, 14th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The company earned $102.35 million during the quarter, compared to analysts' expectations of $95.07 million. Palomar had a trailing twelve-month return on equity of 19.35% and a net margin of 21.07%.

What ETFs hold Palomar's stock?

ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include SPDR S&P Insurance ETF (KIE) , Harbor Corporate Culture Small Cap ETF (HAPS) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) . 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 many different retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (1.00%), Atlas Capital Advisors LLC (0.21%), Los Angeles Capital Management LLC (0.09%), Diversified Trust Co (0.05%) and Atwood & Palmer Inc. (0.00%). 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 , 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 .

NASDAQ:PLMR

Palomar (PLMR) Stock Price, News & Analysis

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Free PLMR Stock Alerts

$78.62

+1.72 (+2.24%)

(As of 10:53 AM ET)

Compare

Today's Range: $76.20
▼
$78.63
50-Day Range: $59.43
▼
$84.25
52-Week Range: $46.09
▼
$86.25

Volume: 26,739 shs
Average Volume: 155,068 shs
Market Capitalization: $1.96 billion

P/E Ratio: 25.20
Dividend Yield: N/A
Price Target: $87.50

Get Palomar alerts:

Palomar MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 11.3% Upside
$87.50 Price Target
Short Interest: Healthy
1.94% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.75
Based on 14 Articles This Week
Insider Trading: Selling Shares
$2.77 M Sold Last Quarter
Proj. Earnings Growth: 21.61%
From $3.84 to $4.67 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.

4.24 out of 5 stars

Finance Sector

223rd out of 835 stocks

Fire, Marine, & Casualty Insurance Industry

10th out of 49 stocks

3.3

Analyst's Opinion

Consensus Rating
Palomar has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Palomar has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
1.94% of the float of Palomar has been sold short.
Short Interest Ratio / Days to Cover
Palomar has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Palomar has recently decreased by 4.97%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Palomar does not currently pay a dividend.
Dividend Growth
Palomar does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PLMR.

3.2

News and Social Media Coverage

News Sentiment
Palomar has a news sentiment score of 0.75. 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 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Palomar this week, compared to 3 articles on an average week.
Search Interest
Only 5 people have searched for PLMR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
6 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Palomar insiders have sold 2,385.65% more of their company's stock than they have bought. Specifically, they have bought $111,450.00 in company stock and sold $2,770,257.00 in company stock.
Percentage Held by Insiders
Only 4.40% of the stock of Palomar is held by insiders.
Percentage Held by Institutions
90.25% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Palomar are expected to grow by 21.61% in the coming year, from $3.84 to $4.67 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Palomar is 25.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Palomar is 25.20, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.40.
Price to Book Value per Share Ratio
Palomar has a P/B Ratio of 4.12. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

PLMR Stock News Headlines

March 26, 2024 | insidertrades.com

Mac Armstrong Sells 7,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

March 19, 2024 | insidertrades.com

T Christopher Uchida Sells 2,500 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

April 18, 2024 | American Alternative (Ad)

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March 19, 2024 | insidertrades.com

Insider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) President Sells 10,000 Shares of Stock

April 18, 2024 | msn.com

Palomar Holdings (PLMR) Price Target Increased by 6.80% to 89.76

April 16, 2024 | americanbankingnews.com

Palomar's (PLMR) "Market Perform" Rating Reaffirmed at JMP Securities

April 15, 2024 | seekingalpha.com

Financial Stock On The Move: Palomar Holdings (SA Quant)

April 13, 2024 | americanbankingnews.com

Evercore ISI Increases Palomar (NASDAQ:PLMR) Price Target to $86.00

April 18, 2024 | American Alternative (Ad)

You won't believe what Citigroup just did to it's depositors

April 13, 2024 | americanbankingnews.com

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

April 12, 2024 | americanbankingnews.com

FY2025 EPS Estimates for Palomar Holdings, Inc. (NASDAQ:PLMR) Increased by Analyst

April 11, 2024 | finance.yahoo.com

Palomar Holdings' (NASDAQ:PLMR) earnings growth rate lags the 32% CAGR delivered to shareholders

April 11, 2024 | americanbankingnews.com

Keefe, Bruyette & Woods Increases Palomar (NASDAQ:PLMR) Price Target to $89.00

April 9, 2024 | americanbankingnews.com

Palomar (NASDAQ:PLMR) Downgraded to "Neutral" at JPMorgan Chase & Co.

April 9, 2024 | americanbankingnews.com

Palomar Holdings, Inc. (NASDAQ:PLMR) Receives Average Recommendation of "Moderate Buy" from Brokerages

April 4, 2024 | finance.yahoo.com

PLMR: Lowering target price to $90.00

April 1, 2024 | markets.businessinsider.com

Piper Sandler Reaffirms Their Buy Rating on Palomar Holdings (PLMR)

April 1, 2024 | markets.businessinsider.com

Critical Insights From Palomar Hldgs Analyst Ratings: What You Need To Know

March 18, 2024 | finance.yahoo.com

CINF May 2024 130.000 call

March 16, 2024 | ca.finance.yahoo.com

PLMR Jul 2024 40.000 put

March 16, 2024 | ca.finance.yahoo.com

PLMR Jul 2024 90.000 call

March 16, 2024 | finance.yahoo.com

PLMR Apr 2024 75.000 call

March 14, 2024 | markets.businessinsider.com

Palomar Holdings: Strong Buy on Robust Growth and Improved Reinsurance Terms

March 14, 2024 | benzinga.com

Decoding 4 Analyst Evaluations For Palomar Hldgs

March 8, 2024 | finance.yahoo.com

Director Thomas Bradley Acquires 1,500 Shares of Palomar Holdings Inc (PLMR)

March 6, 2024 | finance.yahoo.com

Palomar Holdings Inc's Chief Legal Officer Angela Grant Sells Company Shares

March 1, 2024 | globenewswire.com

Palomar Holdings, Inc. Appoints Thomas Bradley to its Board of Directors

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Fire, marine, & casualty insurance
Sub-Industry: N/A
Current Symbol: NASDAQ:PLMR
CUSIP: N/A
CIK: 1761312
Web: www.palomarspecialty.com
Phone: (619) 567-5290
Fax: 619-567-6954
Employees: 213
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $87.50
High Stock Price Target: $89.00
Low Stock Price Target: $85.00
Potential Upside/Downside: +13.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.12
Trailing P/E Ratio: 24.65
Forward P/E Ratio: 20.03
P/E Growth: N/A
Net Income: $79.20 million
Net Margins: 21.07%
Pretax Margin: 27.57%
Return on Equity: 19.35%
Return on Assets: 5.24%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.49
Quick Ratio: 0.49

Sales & Book Value

Annual Sales: $375.93 million
Price / Sales: 5.10
Cash Flow: $3.44 per share
Price / Cash Flow: 22.35
Book Value: $19.08 per share
Price / Book: 4.03

Miscellaneous

Outstanding Shares: 24,920,000
Free Float: 23,824,000
Market Cap: $1.92 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 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 Armstrong
Senior Vice President of Underwriting

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PLMR Stock Analysis - Frequently Asked Questions

Should I buy or sell Palomar stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last year. There are currently 3 hold ratings and 4 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?: 7 analysts have issued 1-year price objectives for Palomar's stock. Their PLMR share price targets range from $85.00 to $89.00. On average, they anticipate the company's share price to reach $87.50 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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 at the beginning of the year. Since then, PLMR stock has increased by 41.7% and is now trading at $78.62.
View the best growth stocks for 2024 here.
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) posted its quarterly earnings data on Wednesday, February, 14th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The company earned $102.35 million during the quarter, compared to analysts' expectations of $95.07 million. Palomar had a trailing twelve-month return on equity of 19.35% and a net margin of 21.07%.
What ETFs hold Palomar's stock?: ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include SPDR S&P Insurance ETF (KIE), Harbor Corporate Culture Small Cap ETF (HAPS) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).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 many different retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (1.00%), Atlas Capital Advisors LLC (0.21%), Los Angeles Capital Management LLC (0.09%), Diversified Trust Co (0.05%) and Atwood & Palmer Inc. (0.00%). 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, 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 4/18/2024 by MarketBeat.com Staff

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