NASDAQ:PLMR Palomar (PLMR) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Free PLMR Stock Alerts $83.85 -0.22 (-0.26%) (As of 05/10/2024 ET) Add Compare Share Share Today's Range$82.45▼$84.3050-Day Range$73.30▼$85.1152-Week Range$46.09▼$86.25Volume104,312 shsAverage Volume169,720 shsMarket Capitalization$2.09 billionP/E Ratio24.09Dividend YieldN/APrice Target$89.17 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 Buy2.57 Rating ScoreUpside/Downside6.3% Upside$89.17 Price TargetShort InterestHealthy1.86% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.90Based on 14 Articles This WeekInsider TradingSelling Shares$3.31 M Sold Last QuarterProj. Earnings Growth20.45%From $4.01 to $4.83 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.3.88 out of 5 starsFinance Sector331st out of 876 stocksFire, Marine, & Casualty Insurance Industry27th out of 52 stocks 2.3 Analyst's Opinion Consensus RatingPalomar 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 CoveragePalomar has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Palomar's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.86% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently decreased by 7.05%, indicating that investor sentiment is improving 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 2.7 News and Social Media Coverage News SentimentPalomar has a news sentiment score of 0.90. 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 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 14 news articles for Palomar this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for PLMR on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% 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 1,588.54% more of their company's stock than they have bought. Specifically, they have bought $195,770.00 in company stock and sold $3,305,655.00 in company stock.Percentage Held by InsidersOnly 4.30% 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.Read more about Palomar's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 20.45% in the coming year, from $4.01 to $4.83 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 24.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.69.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 24.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.12.Price to Book Value per Share RatioPalomar has a P/B Ratio of 4.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Palomar's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… 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 HeadlinesMay 9, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) Director Thomas A. Bradley Buys 1,000 SharesApril 26, 2024 | insidertrades.comMac Armstrong Sells 7,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockMay 11, 2024 | Banyan Hill Publishing (Ad)The Best AI Stock to Own in the World Today is Trading for Just $25“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.April 25, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) CEO Sells $560,210.00 in StockApril 19, 2024 | insidertrades.comInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells 1,000 Shares of StockApril 19, 2024 | insidertrades.comInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) President Sells 2,000 Shares of StockMay 8, 2024 | americanbankingnews.comPiper Sandler Increases Palomar (NASDAQ:PLMR) Price Target to $90.00May 8, 2024 | americanbankingnews.comPalomar (NASDAQ:PLMR) PT Raised to $97.00May 11, 2024 | Banyan Hill Publishing (Ad)The Best AI Stock to Own in the World Today is Trading for Just $25“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.May 8, 2024 | americanbankingnews.comPalomar (NASDAQ:PLMR) Reaches New 52-Week High on Analyst UpgradeMay 6, 2024 | markets.businessinsider.com10 Analysts Have This To Say About Palomar HldgsMay 6, 2024 | seekingalpha.comPalomar: Above-Expectations Q1 Results Point To A Positive OutlookMay 6, 2024 | finance.yahoo.comWith 86% ownership of the shares, Palomar Holdings, Inc. (NASDAQ:PLMR) is heavily dominated by institutional ownersMay 4, 2024 | finance.yahoo.comPalomar Holdings Inc (PLMR) Q1 2024 Earnings Call Transcript Highlights: Robust Growth and ...May 4, 2024 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) Receives Average Rating of "Moderate Buy" from BrokeragesMay 2, 2024 | markets.businessinsider.comPLMR Stock Earnings: Palomar Hldgs Beats EPS, Misses Revenue for Q1 2024May 2, 2024 | finance.yahoo.comPalomar Holdings Inc (PLMR) Outperforms Analyst Expectations in Q1 2024 EarningsMay 2, 2024 | chron.comPalomar: Q1 Earnings SnapshotMay 2, 2024 | finance.yahoo.comPalomar Holdings, Inc. Reports First Quarter 2024 ResultsMay 2, 2024 | globenewswire.comPalomar Holdings, Inc. Reports First Quarter 2024 ResultsApril 23, 2024 | globenewswire.comPalomar Holdings, Inc. Announces First Quarter 2024 Financial Results Release Date and Conference CallApril 18, 2024 | finance.yahoo.comPalomar Holdings Inc (PLMR) Insider Sells SharesApril 18, 2024 | msn.comPalomar Holdings (PLMR) Price Target Increased by 6.80% to 89.76April 15, 2024 | seekingalpha.comFinancial Stock On The Move: Palomar Holdings (SA Quant)April 11, 2024 | finance.yahoo.comPalomar Holdings' (NASDAQ:PLMR) earnings growth rate lags the 32% CAGR delivered to shareholdersApril 4, 2024 | finance.yahoo.comPLMR: Lowering target price to $90.00April 1, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy 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 Earnings5/02/2024Today5/11/2024Next Earnings (Estimated)8/07/2024Fiscal 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$89.17 High Stock Price Target$97.00 Low Stock Price Target$85.00 Potential Upside/Downside+6.3%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.48 Trailing P/E Ratio24.09 Forward P/E Ratio20.91 P/E GrowthN/ANet Income$79.20 million Net Margins21.78% Pretax Margin28.47% Return on Equity19.94% Return on Assets5.33% Debt Debt-to-Equity RatioN/A Current Ratio0.52 Quick Ratio0.49 Sales & Book Value Annual Sales$375.93 million Price / Sales5.56 Cash Flow$3.41 per share Price / Cash Flow24.58 Book Value$20.13 per share Price / Book4.17Miscellaneous Outstanding Shares24,920,000Free Float23,851,000Market Cap$2.09 billion OptionableOptionable Beta0.24 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. 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:HMNSkyward Specialty Insurance GroupNASDAQ:SKWDView All CompetitorsInsiders & InstitutionsCovestor LtdBought 266 shares on 5/11/2024Ownership: 0.005%Vanguard Group Inc.Bought 40,453 shares on 5/10/2024Ownership: 9.644%Westfield Capital Management Co. LPSold 23,133 shares on 5/10/2024Ownership: 1.755%Blair William & Co. ILBought 5,189 shares on 5/9/2024Ownership: 0.646%State Board of Administration of Florida Retirement SystemBought 1,650 shares on 5/9/2024Ownership: 0.035%View All Insider TransactionsView All Institutional Transactions PLMR Stock Analysis - Frequently Asked Questions Should I buy or sell Palomar stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Palomar in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 brokers have issued 12-month price targets for Palomar's stock. Their PLMR share price targets range from $85.00 to $97.00. On average, they expect the company's share price to reach $89.17 in the next year. This suggests a possible upside of 6.3% 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 on January 1st, 2024. Since then, PLMR stock has increased by 51.1% and is now trading at $83.85. 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, August 7th 2024. View our PLMR earnings forecast. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) issued its quarterly earnings results on Thursday, May, 2nd. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.28. The company earned $108.39 million during the quarter, compared to the consensus estimate of $322.10 million. Palomar had a trailing twelve-month return on equity of 19.94% and a net margin of 21.78%. The firm's revenue for the quarter was up 29.1% compared to the same quarter last year. During the same period last year, the company posted $0.80 earnings per share. What ETFs hold Palomar's stock? ETFs with the largest weight of Palomar (NASDAQ:PLMR) stock in their portfolio include Invesco S&P SmallCap 600 GARP ETF (GRPZ), SPDR S&P Insurance ETF (KIE), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), First Trust Small Cap Growth AlphaDEX Fund (FYC) and First Trust Small Cap Core AlphaDEX Fund (FYX).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 IPO on Wednesday, April 17th 2019. The company issued 5,600,000 shares at $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) served 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.64%), Sumitomo Mitsui Trust Holdings Inc. (3.72%), Villere ST Denis J & Co. LLC (2.71%), Westfield Capital Management Co. LP (1.76%), Geneva Capital Management LLC (1.40%) and Artemis Investment Management LLP (1.00%). 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. 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