Zacks Research Estimates Palomar’s Q1 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Equities researchers at Zacks Research upped their Q1 2027 earnings per share estimates for shares of Palomar in a research report issued on Monday, March 16th. Zacks Research analyst Team now forecasts that the company will earn $2.51 per share for the quarter, up from their prior estimate of $2.46. The consensus estimate for Palomar’s current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar’s Q2 2027 earnings at $2.37 EPS, FY2027 earnings at $9.66 EPS and FY2028 earnings at $11.83 EPS.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Wednesday, February 11th. The company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.18. Palomar had a net margin of 22.50% and a return on equity of 22.77%. The firm had revenue of $253.36 million for the quarter, compared to analyst estimates of $204.58 million. During the same period in the previous year, the firm earned $1.52 EPS. Palomar’s revenue was up 62.7% on a year-over-year basis.

Several other brokerages have also commented on PLMR. Wall Street Zen lowered shares of Palomar from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Keefe, Bruyette & Woods lifted their target price on shares of Palomar from $170.00 to $171.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. Evercore began coverage on Palomar in a research report on Monday, February 9th. They issued an “outperform” rating and a $150.00 target price on the stock. JPMorgan Chase & Co. upped their price target on Palomar from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings upgraded Palomar from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Palomar presently has an average rating of “Buy” and an average price target of $163.00.

Palomar Price Performance

Shares of PLMR stock opened at $119.05 on Tuesday. Palomar has a 1-year low of $107.75 and a 1-year high of $175.85. The firm has a market cap of $3.18 billion, a PE ratio of 16.58 and a beta of 0.46. The company has a 50-day moving average of $125.66 and a two-hundred day moving average of $123.21.

Insiders Place Their Bets

In related news, President Jon Christianson sold 522 shares of Palomar stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $128.04, for a total value of $66,836.88. Following the completion of the sale, the president owned 65,919 shares in the company, valued at approximately $8,440,268.76. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Knutzen sold 281 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $128.04, for a total transaction of $35,979.24. Following the completion of the sale, the insider directly owned 27,579 shares in the company, valued at $3,531,215.16. This represents a 1.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,999 shares of company stock valued at $7,253,229 in the last three months. 3.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Palomar

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its stake in Palomar by 81.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock worth $40,000 after purchasing an additional 132 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Palomar in the fourth quarter valued at about $215,000. Summit Global Investments raised its stake in Palomar by 1.7% during the fourth quarter. Summit Global Investments now owns 4,646 shares of the company’s stock valued at $626,000 after buying an additional 79 shares in the last quarter. Caitlin John LLC raised its stake in Palomar by 23,887.5% during the fourth quarter. Caitlin John LLC now owns 1,919 shares of the company’s stock valued at $259,000 after buying an additional 1,911 shares in the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in Palomar by 6.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 15,275 shares of the company’s stock worth $1,888,000 after buying an additional 971 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

About Palomar

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.