Recent Investment Analysts’ Ratings Updates for Palomar (PLMR)

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) 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

In related news, President Jon Christianson sold 819 shares of the business’s stock in a transaction on Wednesday, January 1st. The stock was sold at an average price of $105.86, for a total transaction of $86,699.34. Following the transaction, the president now directly owns 55,126 shares in the company, valued at $5,835,638.36. The trade was a 1.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO T Christopher Uchida sold 1,030 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $110.85, for a total value of $114,175.50. Following the completion of the sale, the chief financial officer now owns 15,994 shares of the company’s stock, valued at approximately $1,772,934.90. This trade represents a 6.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 38,485 shares of company stock worth $4,098,195 in the last 90 days. 4.30% of the stock is owned by corporate insiders.

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.