What is Zacks Research’s Forecast for Palomar Q2 Earnings?

Palomar Holdings, Inc. (NASDAQ:PLMR) – Stock analysts at Zacks Research boosted their Q2 2025 earnings per share estimates for shares of Palomar in a research note issued to investors on Monday, May 19th. Zacks Research analyst S. Sarkar now forecasts that the company will post earnings per share of $1.42 for the quarter, up from their prior forecast of $1.41. The consensus estimate for Palomar’s current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar’s FY2025 earnings at $6.26 EPS, FY2026 earnings at $7.37 EPS, Q1 2027 earnings at $2.16 EPS and FY2027 earnings at $8.64 EPS.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.26. Palomar had a return on equity of 19.76% and a net margin of 21.23%. The firm had revenue of $174.63 million for the quarter, compared to analyst estimates of $161.97 million. During the same quarter last year, the company earned $1.09 EPS.

A number of other equities research analysts also recently weighed in on PLMR. Piper Sandler raised their target price on Palomar from $133.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a report on Thursday, February 13th. JPMorgan Chase & Co. raised Palomar from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $150.00 in a report on Tuesday, April 8th. Jefferies Financial Group raised their price objective on Palomar from $145.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 11th. Finally, Truist Financial raised their price objective on Palomar from $150.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $148.33.

Palomar Price Performance

Palomar stock opened at $161.54 on Wednesday. The stock’s fifty day moving average price is $145.73 and its two-hundred day moving average price is $122.74. Palomar has a one year low of $77.28 and a one year high of $165.00. The firm has a market cap of $4.32 billion, a PE ratio of 36.06 and a beta of 0.51.

Insider Transactions at Palomar

In related news, CEO Mac Armstrong sold 3,202 shares of the business’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $153.04, for a total value of $490,034.08. Following the completion of the sale, the chief executive officer now directly owns 70,186 shares of the company’s stock, valued at $10,741,265.44. The trade was a 4.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO T Christopher Uchida sold 1,000 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $139.00, for a total value of $139,000.00. Following the completion of the sale, the chief financial officer now directly owns 10,172 shares of the company’s stock, valued at $1,413,908. The trade was a 8.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,202 shares of company stock valued at $3,265,129. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Palomar

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Palomar by 5.6% in the 4th quarter. Principal Financial Group Inc. now owns 147,540 shares of the company’s stock valued at $15,579,000 after buying an additional 7,875 shares in the last quarter. Atlas Capital Advisors Inc. increased its holdings in Palomar by 175.5% during the 4th quarter. Atlas Capital Advisors Inc. now owns 141,284 shares of the company’s stock worth $14,918,000 after purchasing an additional 90,000 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in Palomar by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,837 shares of the company’s stock worth $616,000 after purchasing an additional 145 shares in the last quarter. Jump Financial LLC increased its holdings in Palomar by 146.1% during the 4th quarter. Jump Financial LLC now owns 6,885 shares of the company’s stock worth $727,000 after purchasing an additional 4,087 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Palomar by 28.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 40,688 shares of the company’s stock worth $4,296,000 after purchasing an additional 9,036 shares in the last quarter. 90.25% of the stock is owned by institutional investors.

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.