Zacks Research Estimates Palomar’s Q2 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research lifted their Q2 2026 earnings per share estimates for shares of Palomar in a note issued to investors on Monday, October 28th. Zacks Research analyst S. Sarkar now anticipates that the company will post earnings of $1.61 per share for the quarter, up from their prior estimate of $1.57. The consensus estimate for Palomar’s current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Palomar’s FY2026 earnings at $6.42 EPS.

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

Several other brokerages have also recently issued reports on PLMR. Keefe, Bruyette & Woods raised their target price on shares of Palomar from $96.00 to $113.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. Piper Sandler boosted their price objective on Palomar from $99.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Evercore ISI upped their target price on Palomar from $90.00 to $99.00 and gave the stock an “in-line” rating in a research note on Tuesday, August 6th. Truist Financial lifted their price target on Palomar from $100.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on Palomar from $88.00 to $91.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $105.50.

Palomar Trading Down 3.4 %

Shares of NASDAQ PLMR opened at $89.77 on Wednesday. The company has a 50 day simple moving average of $95.87 and a two-hundred day simple moving average of $88.73. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 25.80 and a beta of 0.33. Palomar has a 12 month low of $49.73 and a 12 month high of $103.40.

Insiders Place Their Bets

In other news, CFO T Christopher Uchida sold 1,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $94.00, for a total value of $164,500.00. Following the completion of the sale, the chief financial officer now directly owns 22,344 shares in the company, valued at $2,100,336. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Palomar news, CFO T Christopher Uchida sold 1,750 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $94.00, for a total transaction of $164,500.00. Following the transaction, the chief financial officer now directly owns 22,344 shares of the company’s stock, valued at $2,100,336. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Mac Armstrong sold 7,000 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $96.28, for a total transaction of $673,960.00. Following the sale, the chief executive officer now directly owns 433,388 shares of the company’s stock, valued at $41,726,596.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,520 shares of company stock worth $3,626,486. 4.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Palomar

Hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Palomar in the third quarter worth approximately $25,000. GAMMA Investing LLC lifted its holdings in Palomar by 48.6% in the 3rd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $36,000 after purchasing an additional 125 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Palomar by 490.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $43,000 after purchasing an additional 378 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Palomar during the 2nd quarter worth $49,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Palomar during the first quarter worth $59,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

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.