Zacks Research Weighs in on Palomar Holdings, Inc.’s Q1 2025 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Stock analysts at Zacks Research cut their Q1 2025 EPS estimates for Palomar in a research note issued to investors on Tuesday, October 8th. Zacks Research analyst S. Sarkar now forecasts that the company will earn $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.

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

Palomar Price Performance

PLMR opened at $96.17 on Friday. The company has a market capitalization of $2.41 billion, a PE ratio of 25.37 and a beta of 0.33. The business has a 50-day moving average of $95.13 and a 200-day moving average of $87.24. Palomar has a fifty-two week low of $48.08 and a fifty-two week high of $103.40.

Palomar (NASDAQ:PLMR) last issued 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. Palomar had a return on equity of 20.83% and a net margin of 21.63%. The company had revenue of $123.08 million for the quarter, compared to analyst estimates of $338.74 million. During the same period last year, the company earned $0.72 earnings per share. The company’s quarterly revenue was up 47.0% compared to the same quarter last year.

Insider Buying and Selling

In other news, CFO T Christopher Uchida sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $91.30, for a total value of $91,300.00. Following the completion of the sale, the chief financial officer now directly owns 24,094 shares in the company, valued at $2,199,782.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CFO T Christopher Uchida sold 1,000 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $91.30, for a total transaction of $91,300.00. Following the completion of the transaction, the chief financial officer now owns 24,094 shares in the company, valued at approximately $2,199,782.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Jon Christianson sold 2,000 shares of Palomar stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $91.35, for a total value of $182,700.00. Following the completion of the sale, the president now directly owns 51,761 shares of the company’s stock, valued at approximately $4,728,367.35. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 52,305 shares of company stock valued at $4,856,333 over the last 90 days. 4.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Palomar

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in shares of Palomar during the first quarter valued at about $602,000. Picton Mahoney Asset Management boosted its holdings in Palomar by 1,940.6% in the 1st quarter. Picton Mahoney Asset Management now owns 39,690 shares of the company’s stock worth $3,329,000 after buying an additional 37,745 shares during the period. Quadrature Capital Ltd grew its holdings in Palomar by 155.9% during the 1st quarter. Quadrature Capital Ltd now owns 22,773 shares of the company’s stock valued at $1,906,000 after buying an additional 13,873 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Palomar by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 300,213 shares of the company’s stock valued at $24,362,000 after purchasing an additional 43,841 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Palomar by 1,634.6% in the second quarter. Victory Capital Management Inc. now owns 177,678 shares of the company’s stock valued at $14,419,000 after acquiring an additional 167,435 shares during the period. 90.25% of the stock is currently owned by institutional investors.

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.