What is Zacks Research's Estimate for Palomar Q2 Earnings?

Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) - Research analysts at Zacks Research raised their Q2 2026 EPS estimates for shares of Palomar in a research note issued to investors on Monday, October 28th. Zacks Research analyst S. Sarkar now anticipates that the company will post earnings per share of $1.61 for the quarter, up from their prior estimate of $1.57. The consensus estimate for Palomar's current full-year earnings is $4.35 per share. Zacks Research also issued estimates for Palomar's FY2026 earnings at $6.42 EPS.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings results on Monday, August 5th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.16. Palomar had a net margin of 21.63% and a return on equity of 20.83%. The company had revenue of $123.08 million during the quarter, compared to the consensus estimate of $338.74 million. During the same quarter last year, the firm earned $0.72 earnings per share. The firm's quarterly revenue was up 47.0% compared to the same quarter last year.

PLMR has been the subject of a number of other reports. Evercore ISI lifted their price target on shares of Palomar from $90.00 to $99.00 and gave the stock an "in-line" rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on Palomar from $88.00 to $91.00 and gave the company a "neutral" rating in a report on Thursday, July 11th. Truist Financial raised their price target on Palomar from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Keefe, Bruyette & Woods increased their target price on Palomar from $96.00 to $113.00 and gave the company an "outperform" rating in a report on Tuesday, August 13th. Finally, Piper Sandler boosted their price target on Palomar from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.50.

Palomar Stock Performance

Shares of PLMR stock traded down $0.38 during mid-day trading on Wednesday, hitting $92.92. The company's stock had a trading volume of 76,607 shares, compared to its average volume of 162,006. Palomar has a 52-week low of $49.73 and a 52-week high of $103.40. The business has a 50-day moving average price of $96.05 and a 200 day moving average price of $88.70. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 26.81 and a beta of 0.33.

Insider Activity at Palomar

In other news, President Jon Christianson sold 10,000 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $94.40, for a total transaction of $944,000.00. Following the completion of the sale, the president now directly owns 51,926 shares of the company's stock, valued at approximately $4,901,814.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, President Jon Christianson sold 10,000 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $94.40, for a total value of $944,000.00. Following the completion of the sale, the president now owns 51,926 shares in the company, valued at approximately $4,901,814.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mac Armstrong sold 7,000 shares of the firm's stock in a transaction on Monday, October 21st. The stock was sold at an average price of $96.28, for a total value of $673,960.00. Following the transaction, the chief executive officer now owns 433,388 shares in the company, valued at $41,726,596.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 37,520 shares of company stock worth $3,626,486 in the last quarter. 4.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Palomar in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC lifted its holdings in Palomar by 48.6% during the third quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $36,000 after buying an additional 125 shares during the period. Farther Finance Advisors LLC boosted its position in Palomar by 490.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock valued at $43,000 after acquiring an additional 378 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Palomar in the 2nd quarter valued at $49,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Palomar in the 1st quarter worth $59,000. 90.25% of the stock is currently owned by institutional investors.

About Palomar

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.