FY2025 Earnings Estimate for Palomar Holdings, Inc. Issued By Zacks Research (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research raised their FY2025 earnings estimates for Palomar in a research report issued on Wednesday, April 10th. Zacks Research analyst T. De now expects that the company will earn $4.38 per share for the year, up from their prior forecast of $4.36. The consensus estimate for Palomar’s current full-year earnings is $3.82 per share. Zacks Research also issued estimates for Palomar’s Q4 2025 earnings at $1.49 EPS.

PLMR has been the topic of several other reports. Truist Financial increased their price target on shares of Palomar from $72.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. downgraded shares of Palomar from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $79.00 to $85.00 in a research report on Monday. Jefferies Financial Group raised shares of Palomar from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $88.00 in a research note on Thursday, March 14th. Evercore ISI lifted their price objective on shares of Palomar from $66.00 to $68.00 and gave the stock an “in-line” rating in a research note on Thursday, February 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Palomar from $88.00 to $89.00 and gave the stock an “outperform” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.50.

Palomar Stock Down 0.4 %

Shares of Palomar stock opened at $76.94 on Thursday. Palomar has a twelve month low of $46.09 and a twelve month high of $86.25. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 24.66 and a beta of 0.21. The company’s 50 day moving average is $74.20 and its 200 day moving average is $62.79.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings results on Wednesday, February 14th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $102.35 million for the quarter, compared to analysts’ expectations of $95.07 million. Palomar had a net margin of 21.07% and a return on equity of 19.35%.

Institutional Trading of Palomar

Large investors have recently made changes to their positions in the business. UBS Group AG boosted its holdings in shares of Palomar by 7,440.0% in the 3rd quarter. UBS Group AG now owns 377 shares of the company’s stock valued at $32,000 after acquiring an additional 372 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Palomar by 59.4% in the 4th quarter. Signaturefd LLC now owns 593 shares of the company’s stock valued at $33,000 after acquiring an additional 221 shares during the last quarter. Atwood & Palmer Inc. boosted its holdings in shares of Palomar by 66.7% in the 1st quarter. Atwood & Palmer Inc. now owns 750 shares of the company’s stock valued at $63,000 after acquiring an additional 300 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Palomar in the 1st quarter valued at $55,000. Finally, FMR LLC boosted its holdings in shares of Palomar by 89.9% in the 1st quarter. FMR LLC now owns 864 shares of the company’s stock valued at $48,000 after acquiring an additional 409 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palomar

In other news, President Jon Christianson sold 423 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $60.13, for a total value of $25,434.99. Following the completion of the sale, the president now owns 70,612 shares in the company, valued at approximately $4,245,899.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, President Jon Christianson sold 423 shares of Palomar stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $60.13, for a total value of $25,434.99. Following the transaction, the president now owns 70,612 shares of the company’s stock, valued at approximately $4,245,899.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas A. Bradley acquired 1,500 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $74.30 per share, for a total transaction of $111,450.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $111,450. The disclosure for this purchase can be found here. Insiders sold 39,509 shares of company stock worth $2,950,557 in the last 90 days. 4.40% of the stock is owned by corporate insiders.

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.