Palomar (NASDAQ:PLMR) Announces Earnings Results, Beats Estimates By $0.45 EPS

Palomar (NASDAQ:PLMR) released its quarterly earnings results on Wednesday. The company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.45, FiscalAI reports. Palomar had a net margin of 17.60% and a return on equity of 25.42%. The business had revenue of $386.59 million for the quarter, compared to analyst estimates of $754.28 million. During the same period last year, the firm earned $2.01 earnings per share.

Palomar Price Performance

PLMR traded up $0.03 on Friday, hitting $155.70. 345,790 shares of the stock were exchanged, compared to its average volume of 262,964. Palomar has a 12 month low of $100.81 and a 12 month high of $162.08. The business has a 50-day moving average of $134.47 and a two-hundred day moving average of $126.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 19.49 and a beta of 0.28.

Palomar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Tuesday, November 17th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, November 17th. Palomar’s payout ratio is 22.53%.

Analyst Ratings Changes

A number of analysts have issued reports on PLMR shares. Evercore set a $152.00 price objective on shares of Palomar in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of Palomar from $167.00 to $156.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Truist Financial lifted their price target on shares of Palomar from $168.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday. Weiss Ratings cut Palomar from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, October 30th. Finally, Keefe, Bruyette & Woods increased their price target on Palomar from $166.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Palomar has a consensus rating of “Moderate Buy” and a consensus target price of $164.80.

Key Headlines Impacting Palomar

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Palomar reported adjusted Q3 earnings of $3.01 per share, above analysts’ $2.56 consensus and up from $2.01 a year earlier. Strong premium growth and investment income helped lift results, and the company raised its 2026 earnings guidance. Article: PLMR Q3 Earnings Beat Estimates on Strong Premium Growth
• Positive Sentiment: Analysts raised their targets after the results: Piper Sandler moved its target to $174 and kept an Overweight rating, while Truist raised its target to $175 and maintained a Buy rating. Higher targets may support investor confidence in the growth outlook. Article: Truist Adjusts Price Target on Palomar
• Neutral Sentiment: Palomar also has a quarterly dividend of $0.45 per share scheduled for Dec. 2, with a Nov. 17 record date. The payout offers income to shareholders but is a less direct catalyst than earnings and guidance. Article: Palomar Holdings Company Information

Insider Activity

In other Palomar news, President Jon Christianson sold 528 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $127.75, for a total value of $67,452.00. Following the transaction, the president directly owned 66,970 shares of the company’s stock, valued at $8,555,417.50. This trade represents a 0.78% 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 sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jonathan Knutzen sold 296 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $127.75, for a total transaction of $37,814.00. Following the completion of the transaction, the insider owned 28,250 shares of the company’s stock, valued at $3,608,937.50. The trade was a 1.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 12,115 shares of company stock valued at $1,619,923. Corporate insiders own 3.70% of the company’s stock.

Palomar Company Profile

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products in markets that may be underserved by traditional insurers. The company focuses on risks that are complex, difficult to place or exposed to natural catastrophes, using specialized underwriting and risk-management capabilities.

Its offerings include residential and commercial earthquake insurance, inland marine coverage, specialty property insurance, casualty products, workers’ compensation and other tailored insurance solutions.