Palomar (PLMR) to Release Quarterly Earnings on Monday

Palomar (NASDAQ:PLMR) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect Palomar to post earnings of $1.61 per share and revenue of $161.97 million for the quarter.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. Palomar had a return on equity of 19.76% and a net margin of 21.23%. On average, analysts expect Palomar to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Palomar Price Performance

Shares of Palomar stock opened at $151.81 on Friday. Palomar has a 1 year low of $77.28 and a 1 year high of $155.87. The firm has a market cap of $4.06 billion, a PE ratio of 33.89 and a beta of 0.46. The company has a 50 day simple moving average of $137.79 and a two-hundred day simple moving average of $117.13.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JMP Securities reiterated a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. Keefe, Bruyette & Woods reduced their price objective on Palomar from $155.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Piper Sandler boosted their target price on Palomar from $133.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Palomar from a “neutral” rating to an “overweight” rating and increased their price target for the company from $115.00 to $150.00 in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group boosted their price objective on shares of Palomar from $145.00 to $168.00 and gave the stock a “buy” rating in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $148.33.

Insiders Place Their Bets

In other Palomar news, CEO Mac Armstrong sold 3,202 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $153.04, for a total transaction of $490,034.08. Following the completion of the transaction, the chief executive officer now owns 70,186 shares of the company’s stock, valued at $10,741,265.44. This represents a 4.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO T Christopher Uchida sold 552 shares of Palomar stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $123.26, for a total value of $68,039.52. Following the completion of the sale, the chief financial officer now owns 15,683 shares in the company, valued at approximately $1,933,086.58. This represents a 3.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 17,254 shares of company stock valued at $2,443,484 in the last ninety days. Company insiders own 3.70% of the company’s stock.

About Palomar

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.