Equities Analysts Issue Forecasts for Palomar Holdings, Inc.’s Q1 2025 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research cut their Q1 2025 earnings estimates for Palomar in a report issued on Tuesday, October 8th. Zacks Research analyst S. Sarkar now expects that the company will post earnings of $1.29 per share for the quarter, down from their previous forecast of $1.30. The consensus estimate for Palomar’s current full-year earnings is $4.37 per share. Zacks Research also issued estimates for Palomar’s Q4 2025 earnings at $1.32 EPS and FY2025 earnings at $5.21 EPS.

Palomar (NASDAQ:PLMR) last released its quarterly earnings results on Monday, August 5th. The company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. The firm had revenue of $123.08 million for the quarter, compared to analyst estimates of $338.74 million. Palomar had a return on equity of 20.83% and a net margin of 21.63%. The business’s revenue was up 47.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 EPS.

PLMR has been the subject of a number of other research reports. Keefe, Bruyette & Woods lifted their target price on shares of Palomar from $96.00 to $113.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price objective on Palomar from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Evercore ISI upped their target price on Palomar from $90.00 to $99.00 and gave the company an “in-line” rating in a research report on Tuesday, August 6th. Piper Sandler boosted their price target on Palomar from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their price target on Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $105.50.

Palomar Stock Performance

Palomar stock opened at $96.17 on Friday. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 25.37 and a beta of 0.33. Palomar has a 52-week low of $48.08 and a 52-week high of $103.40. The firm has a 50 day moving average price of $95.25 and a two-hundred day moving average price of $87.34.

Institutional Investors Weigh In On Palomar

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLMR. Vanguard Group Inc. increased its position in shares of Palomar by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,403,520 shares of the company’s stock valued at $201,487,000 after acquiring an additional 40,453 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of Palomar by 5.5% during the 1st quarter. Champlain Investment Partners LLC now owns 1,340,795 shares of the company’s stock worth $112,399,000 after purchasing an additional 69,615 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Palomar by 15.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 508,870 shares of the company’s stock worth $41,295,000 after buying an additional 66,478 shares during the last quarter. Artemis Investment Management LLP grew its position in Palomar by 12.9% during the third quarter. Artemis Investment Management LLP now owns 383,276 shares of the company’s stock valued at $36,285,000 after buying an additional 43,812 shares during the period. Finally, Driehaus Capital Management LLC increased its holdings in Palomar by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 300,213 shares of the company’s stock worth $24,362,000 after buying an additional 43,841 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Activity

In other Palomar news, CEO Mac Armstrong sold 12,773 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $88.19, for a total value of $1,126,450.87. Following the transaction, the chief executive officer now directly owns 59,309 shares of the company’s stock, valued at approximately $5,230,460.71. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Mac Armstrong sold 12,773 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $88.19, for a total value of $1,126,450.87. Following the completion of the sale, the chief executive officer now directly owns 59,309 shares of the company’s stock, valued at approximately $5,230,460.71. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Jon Christianson sold 2,000 shares of Palomar stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $91.35, for a total transaction of $182,700.00. Following the transaction, the president now directly owns 51,761 shares in the company, valued at $4,728,367.35. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,305 shares of company stock worth $4,856,333 over the last quarter. 4.30% of the stock is currently 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.