Palomar (PLMR) Projected to Post Earnings on Monday

Palomar (NASDAQ:PLMR) will likely be posting its Q2 2025 quarterly earnings results before the market opens on Monday, August 4th. Analysts expect Palomar to post earnings of $1.68 per share and revenue of $173.86 million for the quarter.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.61 by $0.26. The company had revenue of $174.63 million during the quarter, compared to analyst estimates of $161.97 million. Palomar had a net margin of 21.99% and a return on equity of 20.56%. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, analysts expect Palomar to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Palomar Stock Down 2.2%

NASDAQ PLMR opened at $129.62 on Friday. The company has a fifty day moving average of $150.60 and a two-hundred day moving average of $139.18. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 25.87 and a beta of 0.44. Palomar has a 52 week low of $82.54 and a 52 week high of $175.85.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLMR. Wall Street Zen downgraded Palomar from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Evercore ISI lifted their target price on Palomar from $163.00 to $168.00 and gave the stock an “in-line” rating in a research report on Friday, May 30th. JPMorgan Chase & Co. upgraded Palomar from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $115.00 to $150.00 in a research report on Tuesday, April 8th. Truist Financial lifted their target price on Palomar from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods decreased their target price on Palomar from $205.00 to $204.00 and set an “outperform” rating for the company in a research report on Monday, June 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.17.

Insider Activity at Palomar

In related news, CFO T Christopher Uchida sold 500 shares of Palomar stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $143.10, for a total value of $71,550.00. Following the completion of the sale, the chief financial officer directly owned 6,920 shares in the company, valued at $990,252. The trade was a 6.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy Carter sold 473 shares of Palomar stock in a transaction dated Saturday, June 28th. The shares were sold at an average price of $153.65, for a total value of $72,676.45. Following the completion of the sale, the insider owned 361 shares of the company’s stock, valued at $55,467.65. The trade was a 56.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,164 shares of company stock worth $3,061,089 over the last three months. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Palomar

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in shares of Palomar in the first quarter valued at about $66,000. United Services Automobile Association bought a new stake in shares of Palomar in the first quarter valued at about $223,000. Royal Bank of Canada raised its holdings in shares of Palomar by 49.1% in the first quarter. Royal Bank of Canada now owns 2,956 shares of the company’s stock valued at $406,000 after acquiring an additional 974 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Palomar by 5.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,427 shares of the company’s stock worth $2,115,000 after purchasing an additional 791 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Palomar in the first quarter worth about $4,723,000. 90.25% of the stock is currently owned by institutional investors.

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.