Palomar Stock Gets Weaker EPS Forecast from Zacks Research

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research dropped their FY2026 EPS estimates for shares of Palomar in a report released on Thursday, October 1st. Zacks Research analyst Team now forecasts that the company will post earnings per share of $9.17 for the year, down from their previous estimate of $9.18. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Palomar’s current full-year earnings is $9.30 per share. Zacks Research also issued estimates for Palomar’s Q1 2027 earnings at $2.33 EPS, Q3 2027 earnings at $2.81 EPS, Q4 2027 earnings at $2.75 EPS, FY2027 earnings at $10.19 EPS and Q3 2028 earnings at $2.29 EPS.

A number of other brokerages have also commented on PLMR. Keefe, Bruyette & Woods increased their price objective on Palomar from $166.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Evercore set a $152.00 target price on Palomar in a research report on Friday, July 10th. Piper Sandler upped their price target on Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised their price target on Palomar from $150.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Weiss Ratings upgraded Palomar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat, Palomar presently has a consensus rating of “Buy” and an average price target of $162.75.

Palomar Stock Performance

Shares of Palomar stock opened at $127.34 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a 50 day simple moving average of $131.93 and a 200 day simple moving average of $125.42. Palomar has a fifty-two week low of $100.81 and a fifty-two week high of $147.62. The firm has a market cap of $3.35 billion, a P/E ratio of 17.12 and a beta of 0.35.

Palomar (NASDAQ:PLMR) last announced its earnings results on Tuesday, August 4th. The company reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.17. Palomar had a net margin of 18.61% and a return on equity of 23.28%. The company had revenue of $314.42 million during the quarter, compared to the consensus estimate of $621.52 million. During the same period in the previous year, the firm posted $1.76 earnings per share.

Palomar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 19th. Palomar’s dividend payout ratio (DPR) is currently 24.19%.

Insider Buying and Selling

In other news, CFO T. Christopher Uchida sold 791 shares of Palomar stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $127.74, for a total transaction of $101,042.34. Following the transaction, the chief financial officer directly owned 16,238 shares of the company’s stock, valued at $2,074,242.12. This trade represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Jon Christianson sold 528 shares of Palomar stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $127.75, for a total value of $67,452.00. Following the transaction, the president owned 66,970 shares in the company, valued at approximately $8,555,417.50. This represents a 0.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 16,322 shares of company stock valued at $2,198,116. 3.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Palomar

Institutional investors and hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its holdings in Palomar by 81.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock worth $40,000 after buying an additional 132 shares during the period. Quantbot Technologies LP bought a new stake in shares of Palomar during the second quarter worth $43,000. Frazier Financial Advisors LLC bought a new stake in shares of Palomar during the second quarter worth $51,000. Parallel Advisors LLC raised its holdings in shares of Palomar by 638.3% during the first quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock worth $53,000 after acquiring an additional 383 shares during the period. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Palomar in the 2nd quarter valued at $98,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Palomar Company Profile

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products for risks that may be underserved by standard insurance carriers. The company focuses on markets where specialized underwriting expertise is important, including catastrophe-exposed property and other complex commercial and personal insurance risks.

Its offerings include commercial and residential property coverage, casualty insurance, specialty programs, and other products designed for areas such as earthquake, wind, flood, and other natural catastrophe exposures.