FY2026 EPS Estimates for Palomar Boosted by Zacks Research

Palomar Holdings, Inc. (NASDAQ:PLMR) – Equities research analysts at Zacks Research lifted their FY2026 EPS estimates for shares of Palomar in a report issued on Tuesday, December 24th. Zacks Research analyst S. Sarkar now expects that the company will post earnings per share of $6.64 for the year, up from their prior forecast of $6.55. The consensus estimate for Palomar’s current full-year earnings is $4.33 per share.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price objective on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Jefferies Financial Group upped their price target on Palomar from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their target price on Palomar from $120.00 to $136.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. Finally, Piper Sandler upped their price target on shares of Palomar from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $111.67.

Palomar Stock Performance

Palomar stock opened at $104.39 on Friday. The firm’s 50-day moving average is $102.81 and its 200-day moving average is $95.27. The company has a market cap of $2.76 billion, a P/E ratio of 24.80 and a beta of 0.36. Palomar has a 1 year low of $54.50 and a 1 year high of $112.90.

Palomar (NASDAQ:PLMR) last announced its quarterly earnings results on Monday, November 4th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $148.50 million during the quarter, compared to analyst estimates of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same period in the prior year, the firm posted $0.80 earnings per share.

Hedge Funds Weigh In On Palomar

Several large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. bought a new position in Palomar in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of Palomar by 48.6% in the third quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $36,000 after acquiring an additional 125 shares during the period. Farther Finance Advisors LLC grew its position in shares of Palomar by 490.9% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $43,000 after purchasing an additional 378 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of Palomar during the 2nd quarter valued at $49,000. Finally, Covestor Ltd lifted its holdings in Palomar by 20.2% during the 3rd quarter. Covestor Ltd now owns 1,076 shares of the company’s stock worth $102,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Activity at Palomar

In other news, CFO T Christopher Uchida sold 1,030 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $97.65, for a total transaction of $100,579.50. Following the completion of the transaction, the chief financial officer now owns 17,543 shares in the company, valued at approximately $1,713,073.95. This represents a 5.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mac Armstrong sold 3,185 shares of Palomar stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $98.21, for a total value of $312,798.85. Following the completion of the sale, the chief executive officer now directly owns 50,312 shares of the company’s stock, valued at approximately $4,941,141.52. This trade represents a 5.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,356 shares of company stock valued at $2,855,805 in the last quarter. Insiders own 4.30% of the company’s stock.

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.