Palomar Holdings, Inc. (NASDAQ:PLMR) Forecasted to Post FY2025 Earnings of $4.38 Per Share

Palomar Holdings, Inc. (NASDAQ:PLMR) – Stock analysts at Zacks Research raised their FY2025 earnings per share estimates for Palomar in a report released on Wednesday, April 10th. Zacks Research analyst T. De now forecasts that the company will post earnings per share of $4.38 for the year, up from their previous forecast of $4.36. The consensus estimate for Palomar’s current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Palomar’s Q4 2025 earnings at $1.49 EPS.

Several other research firms also recently commented on PLMR. JPMorgan Chase & Co. downgraded Palomar from an “overweight” rating to a “neutral” rating and increased their target price for the company from $79.00 to $85.00 in a research report on Monday. Evercore ISI increased their target price on Palomar from $68.00 to $86.00 and gave the company an “in-line” rating in a research report on Thursday. Piper Sandler increased their target price on Palomar from $80.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. Truist Financial increased their target price on Palomar from $72.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, Keefe, Bruyette & Woods increased their target price on Palomar from $88.00 to $89.00 and gave the company an “outperform” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Palomar has an average rating of “Moderate Buy” and a consensus target price of $87.50.

Palomar Stock Down 1.8 %

NASDAQ:PLMR opened at $75.54 on Thursday. The stock’s 50-day simple moving average is $74.54 and its 200 day simple moving average is $62.89. The firm has a market capitalization of $1.88 billion, a PE ratio of 24.62 and a beta of 0.21. Palomar has a twelve month low of $46.09 and a twelve month high of $86.25.

Palomar (NASDAQ:PLMR) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $102.35 million for the quarter, compared to analyst estimates of $95.07 million. Palomar had a return on equity of 19.35% and a net margin of 21.07%.

Institutional Investors Weigh In On Palomar

Several large investors have recently added to or reduced their stakes in PLMR. UBS Group AG grew its stake in Palomar by 7,440.0% during the third quarter. UBS Group AG now owns 377 shares of the company’s stock worth $32,000 after purchasing an additional 372 shares during the period. Signaturefd LLC grew its stake in Palomar by 59.4% during the fourth quarter. Signaturefd LLC now owns 593 shares of the company’s stock worth $33,000 after purchasing an additional 221 shares during the period. FMR LLC grew its stake in Palomar by 89.9% during the first quarter. FMR LLC now owns 864 shares of the company’s stock worth $48,000 after purchasing an additional 409 shares during the period. Lazard Asset Management LLC acquired a new stake in Palomar during the first quarter worth approximately $55,000. Finally, Atwood & Palmer Inc. grew its stake in Palomar by 66.7% during the first quarter. Atwood & Palmer Inc. now owns 750 shares of the company’s stock worth $63,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Insider Transactions at Palomar

In other news, CEO Mac Armstrong sold 952 shares of the firm’s stock in a transaction dated Saturday, January 27th. The stock was sold at an average price of $60.13, for a total transaction of $57,243.76. Following the completion of the transaction, the chief executive officer now directly owns 44,117 shares in the company, valued at $2,652,755.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Thomas A. Bradley acquired 1,500 shares of the stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of $74.30 per share, for a total transaction of $111,450.00. Following the completion of the transaction, the director now directly owns 1,500 shares of the company’s stock, valued at $111,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mac Armstrong sold 952 shares of the firm’s stock in a transaction that occurred on Saturday, January 27th. The stock was sold at an average price of $60.13, for a total value of $57,243.76. Following the sale, the chief executive officer now directly owns 44,117 shares of the company’s stock, valued at approximately $2,652,755.21. The disclosure for this sale can be found here. Insiders sold 37,509 shares of company stock worth $2,830,557 over the last ninety days. 4.40% of the stock is owned by insiders.

Palomar Company Profile

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.