Zacks Research Has Negative View of Palomar FY2026 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research decreased their FY2026 earnings per share (EPS) estimates for Palomar in a research note issued to investors on Thursday, October 1st. Zacks Research analyst Team now forecasts that the company will post earnings of $9.17 per share for the year, down from their previous forecast of $9.18. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Palomar’s current full-year earnings is $9.30 per share. Zacks Research also issued estimates for Palomar’s Q1 2027 earnings at $2.33 EPS, Q3 2027 earnings at $2.81 EPS, Q4 2027 earnings at $2.75 EPS, FY2027 earnings at $10.19 EPS and Q3 2028 earnings at $2.29 EPS.

Several other analysts also recently weighed in on the company. Piper Sandler lifted their target price on Palomar from $132.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Palomar from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 24th. Evercore set a $152.00 price target on shares of Palomar in a research note on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Palomar from $150.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Palomar from $166.00 to $167.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $162.75.

Palomar Price Performance

PLMR opened at $126.88 on Monday. The business has a fifty day moving average of $131.60 and a 200 day moving average of $125.48. The stock has a market cap of $3.34 billion, a P/E ratio of 17.05 and a beta of 0.35. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.30. Palomar has a 52-week low of $100.81 and a 52-week high of $147.62.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.17. Palomar had a return on equity of 23.28% and a net margin of 18.61%.The firm had revenue of $314.42 million for the quarter, compared to the consensus estimate of $621.52 million. During the same period in the prior year, the business posted $1.76 earnings per share.

Palomar Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 19th. Palomar’s dividend payout ratio is currently 24.19%.

Insiders Place Their Bets

In other news, CEO Mac Armstrong sold 3,500 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $134.98, for a total transaction of $472,430.00. Following the transaction, the chief executive officer owned 318,888 shares of the company’s stock, valued at approximately $43,043,502.24. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Rodolphe Herve sold 1,207 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $135.35, for a total value of $163,367.45. Following the transaction, the chief operating officer owned 3,548 shares in the company, valued at approximately $480,221.80. This represents a 25.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 16,322 shares of company stock worth $2,198,116. 3.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Palomar

Several large investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its stake in shares of Palomar by 81.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock valued at $40,000 after purchasing an additional 132 shares in the last quarter. Quantbot Technologies LP bought a new position in Palomar in the second quarter worth approximately $43,000. Frazier Financial Advisors LLC bought a new position in Palomar in the second quarter worth approximately $51,000. Parallel Advisors LLC lifted its holdings in Palomar by 638.3% during the first quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock worth $53,000 after buying an additional 383 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Palomar during the second quarter worth $98,000. Institutional investors own 90.25% of the company’s stock.

About Palomar

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products for risks that may be underserved by standard insurance carriers. The company focuses on markets where specialized underwriting expertise is important, including catastrophe-exposed property and other complex commercial and personal insurance risks.

Its offerings include commercial and residential property coverage, casualty insurance, specialty programs, and other products designed for areas such as earthquake, wind, flood, and other natural catastrophe exposures.