FY2026 EPS Estimates for Palomar Lifted by DOWLING & PARTN

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at DOWLING & PARTN boosted their FY2026 earnings estimates for Palomar in a research note issued on Friday, August 14th. DOWLING & PARTN analyst N. Iacoviello now forecasts that the company will post earnings per share of $8.99 for the year, up from their prior estimate of $8.53. The consensus estimate for Palomar’s current full-year earnings is $9.06 per share.

Palomar (NASDAQ:PLMR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 EPS 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 business had revenue of $314.42 million for the quarter, compared to analyst estimates of $621.52 million. During the same quarter in the previous year, the company earned $1.76 EPS.

Several other research analysts also recently issued reports on PLMR. Keefe, Bruyette & Woods lifted their price target on Palomar from $166.00 to $167.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Palomar from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Piper Sandler increased their price target on shares of Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Zacks Research cut shares of Palomar from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. upped their target price on Palomar from $150.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.75.

Palomar Stock Up 4.7%

PLMR opened at $129.69 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.50 and a current ratio of 0.50. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 17.43 and a beta of 0.40. Palomar has a one year low of $100.81 and a one year high of $147.62. The business’s fifty day moving average is $129.91 and its two-hundred day moving average is $123.81.

Palomar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Wednesday, August 19th.

Insider Activity

In related news, COO Rodolphe Herve sold 1,207 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $135.35, for a total transaction of $163,367.45. Following the transaction, the chief operating officer owned 3,548 shares of the company’s stock, valued at approximately $480,221.80. This represents a 25.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mac Armstrong sold 3,500 shares of the firm’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 sale, the chief executive officer owned 329,388 shares in the company, valued at approximately $37,207,668.48. This trade represents a 1.05% 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. In the last three months, insiders sold 22,050 shares of company stock worth $2,875,050. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Palomar

Several hedge funds have recently made changes to their positions in PLMR. Geneos Wealth Management Inc. purchased a new stake in shares of Palomar in the fourth quarter valued at $32,000. Kestra Advisory Services LLC acquired a new position in Palomar in the fourth quarter valued at $33,000. Rockefeller Capital Management L.P. lifted its position in Palomar by 81.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock worth $40,000 after buying an additional 132 shares during the period. Quantbot Technologies LP purchased a new position in Palomar during the second quarter worth about $43,000. Finally, Frazier Financial Advisors LLC purchased a new position in Palomar during the second quarter worth about $51,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

About Palomar

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.