A number of research firms have changed their ratings and price targets for Palomar (NASDAQ: PLMR):
- 2/18/2025 – Palomar had its price target raised by analysts at Keefe, Bruyette & Woods from $136.00 to $152.00. They now have an “outperform” rating on the stock.
- 2/14/2025 – Palomar had its price target raised by analysts at Piper Sandler from $133.00 to $150.00. They now have an “overweight” rating on the stock.
- 2/14/2025 – Palomar had its price target raised by analysts at Truist Financial Co. from $112.00 to $150.00. They now have a “buy” rating on the stock.
- 2/13/2025 – Palomar had its “market perform” rating reaffirmed by analysts at JMP Securities.
- 1/6/2025 – Palomar had its price target raised by analysts at Piper Sandler from $119.00 to $133.00. They now have an “overweight” rating on the stock.
Palomar Trading Down 0.8 %
Shares of NASDAQ:PLMR opened at $127.18 on Wednesday. The company has a market capitalization of $3.39 billion, a PE ratio of 28.39 and a beta of 0.38. Palomar Holdings, Inc. has a 12-month low of $71.54 and a 12-month high of $130.60. The business’s fifty day simple moving average is $111.69 and its 200-day simple moving average is $103.84.
Palomar (NASDAQ:PLMR – Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.13. Palomar had a return on equity of 19.76% and a net margin of 21.23%. Research analysts predict that Palomar Holdings, Inc. will post 5.99 EPS for the current year.
Insider Buying and Selling
Institutional Trading of Palomar
Large investors have recently bought and sold shares of the stock. Dakota Wealth Management lifted its stake in shares of Palomar by 3.1% during the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock worth $324,000 after buying an additional 92 shares during the period. Farther Finance Advisors LLC lifted its position in Palomar by 21.8% during the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company’s stock worth $58,000 after acquiring an additional 99 shares during the period. State of Alaska Department of Revenue grew its stake in Palomar by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 15,042 shares of the company’s stock valued at $1,588,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of Palomar by 0.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,352,000 after purchasing an additional 100 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in shares of Palomar by 2.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 5,837 shares of the company’s stock worth $616,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.
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.
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