Zacks Research Has Pessimistic View of Palomar Q3 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR) – Equities research analysts at Zacks Research cut their Q3 2026 EPS estimates for Palomar in a report released on Monday, June 29th. Zacks Research analyst Team now anticipates that the company will earn $2.42 per share for the quarter, down from their prior estimate of $2.63. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Palomar’s current full-year earnings is $8.96 per share. Zacks Research also issued estimates for Palomar’s FY2026 earnings at $8.59 EPS and Q1 2028 earnings at $3.18 EPS.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.14. The firm had revenue of $278.94 million during the quarter, compared to analyst estimates of $557.79 million. Palomar had a return on equity of 22.62% and a net margin of 20.11%.The business’s quarterly revenue was up 59.7% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS.

PLMR has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their target price on Palomar from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, May 26th. Keefe, Bruyette & Woods reduced their price objective on shares of Palomar from $186.00 to $159.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Weiss Ratings upgraded shares of Palomar from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Finally, Piper Sandler dropped their target price on shares of Palomar from $151.00 to $132.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Palomar currently has a consensus rating of “Moderate Buy” and an average price target of $147.75.

Palomar Stock Up 0.0%

Shares of Palomar stock opened at $126.33 on Tuesday. Palomar has a one year low of $100.81 and a one year high of $156.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.49. The stock’s 50-day moving average is $115.35 and its 200 day moving average is $122.51. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 17.59 and a beta of 0.44.

Hedge Funds Weigh In On Palomar

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in Palomar by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 2,698,278 shares of the company’s stock valued at $363,620,000 after purchasing an additional 67,038 shares during the period. Janus Henderson Group PLC raised its holdings in Palomar by 17.4% during the first quarter. Janus Henderson Group PLC now owns 933,993 shares of the company’s stock worth $111,664,000 after buying an additional 138,368 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Palomar by 13.8% during the fourth quarter. Westfield Capital Management Co. LP now owns 840,226 shares of the company’s stock worth $113,229,000 after buying an additional 101,698 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Palomar by 72.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 785,165 shares of the company’s stock valued at $105,809,000 after buying an additional 328,993 shares in the last quarter. Finally, Stephens Investment Management Group LLC lifted its stake in shares of Palomar by 3.0% in the first quarter. Stephens Investment Management Group LLC now owns 714,914 shares of the company’s stock valued at $85,432,000 after buying an additional 20,597 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.

Insider Transactions at Palomar

In related news, CEO Mac Armstrong sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $112.96, for a total transaction of $395,360.00. Following the transaction, the chief executive officer directly owned 329,388 shares of the company’s stock, valued at approximately $37,207,668.48. This represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, President Jon Christianson sold 1,937 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $128.62, for a total value of $249,136.94. Following the completion of the transaction, the president owned 65,919 shares in the company, valued at approximately $8,478,501.78. The trade was a 2.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,634 shares of company stock valued at $2,291,441 over the last ninety days. 3.70% of the stock is currently owned by corporate insiders.

Palomar Company Profile

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.