NASDAQ:PLMR Palomar (PLMR) Stock Price, News & Analysis $94.51 -1.57 (-1.63%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$93.26▼$95.9850-Day Range$80.39▼$99.2252-Week Range$48.08▼$100.29Volume123,860 shsAverage Volume164,841 shsMarket Capitalization$2.36 billionP/E Ratio27.16Dividend YieldN/APrice Target$101.33 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Palomar alerts: Email Address Palomar MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.57 Rating ScoreUpside/Downside7.2% Upside$101.33 Price TargetShort InterestHealthy1.45% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.02Based on 4 Articles This WeekInsider TradingSelling Shares$3.64 M Sold Last QuarterProj. Earnings Growth23.34%From $4.37 to $5.39 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.80 out of 5 starsFinance Sector271st out of 871 stocksFire, Marine, & Casualty Insurance Industry23rd out of 53 stocks 2.3 Analyst's Opinion Consensus RatingPalomar has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoveragePalomar has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.Read more about Palomar's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.45% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently decreased by 27.60%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldPalomar does not currently pay a dividend.Dividend GrowthPalomar does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PLMR. Previous Next 2.8 News and Social Media Coverage News SentimentPalomar has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Palomar this week, compared to 4 articles on an average week.Search Interest15 people have searched for PLMR on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Palomar insiders have sold 3,975.31% more of their company's stock than they have bought. Specifically, they have bought $89,420.00 in company stock and sold $3,644,146.00 in company stock.Percentage Held by InsidersOnly 4.30% of the stock of Palomar is held by insiders.Percentage Held by Institutions90.25% of the stock of Palomar is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Palomar's insider trading history. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Palomar are expected to grow by 23.34% in the coming year, from $4.37 to $5.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Palomar is 27.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 27.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 32.61.Price to Book Value per Share RatioPalomar has a P/B Ratio of 4.95. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Palomar's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Timothy SykesTim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…Click here to see a unique election-year trade About Palomar Stock (NASDAQ:PLMR)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. It markets and distributes its products through retail agents, wholesale brokers, program administrators, and carrier partnerships. The company was formerly known as GC Palomar Holdings and changed its name to Palomar Holdings, Inc. The company was incorporated in 2013 and is headquartered in La Jolla, California.Read More PLMR Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PLMR Stock News HeadlinesAugust 24, 2024 | insidertrades.comInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells 1,750 Shares of StockAugust 13, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) Director Thomas A. Bradley Acquires 1,000 SharesSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…August 8, 2024 | insidertrades.comPalomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells $164,500.00 in StockSeptember 1, 2024 | americanbankingnews.comPalomar (NASDAQ:PLMR) Reaches New 1-Year High at $99.74August 28, 2024 | americanbankingnews.comPalomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells $173,250.00 in StockAugust 28, 2024 | americanbankingnews.comT Christopher Uchida Sells 1,750 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) StockAugust 27, 2024 | globenewswire.comPalomar Holdings, Inc. Announces Participation in the 2024 KBW Insurance ConferenceSeptember 7, 2024 | Timothy Sykes (Ad)Tim Sykes’ Urgent Trade Alert: “Make this move now”WARNING: 80 Wall Street banks are gearing up for MASSIVE D.C. shock This $2 trillion D.C. shock is NOT about Trump or Biden dropping out of the race…August 21, 2024 | ca.finance.yahoo.comPLMR Oct 2024 80.000 callAugust 14, 2024 | finance.yahoo.comPalomar Holdings, Inc. (PLMR)August 14, 2024 | markets.businessinsider.comKBW Reaffirms Their Buy Rating on Palomar Holdings (PLMR)August 8, 2024 | globenewswire.comPalomar Holdings, Inc. Announces Pricing of Public Offering of Common StockAugust 8, 2024 | globenewswire.comPalomar Holdings, Inc. Announces Proposed Public Offering of Common StockAugust 8, 2024 | finance.yahoo.comInsider Sale: CFO T Uchida Sells Shares of Palomar Holdings Inc (PLMR)August 6, 2024 | seekingalpha.comPalomar Holdings, Inc. (PLMR) Q2 2024 Earnings Call TranscriptAugust 6, 2024 | benzinga.comDecoding 6 Analyst Evaluations For Palomar HldgsAugust 6, 2024 | markets.businessinsider.comPalomar Holdings (PLMR) Gets a Buy from KBWSee More Headlines Receive PLMR Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Palomar and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/05/2024Today9/07/2024Next Earnings (Estimated)11/06/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Fire, marine, & casualty insurance Sub-IndustryInsurance Current SymbolNASDAQ:PLMR CUSIPN/A CIK1761312 Webwww.palomarspecialty.com Phone(619) 567-5290Fax619-567-6954Employees150Year FoundedN/APrice Target and Rating Average Stock Price Target$101.33 High Stock Price Target$113.00 Low Stock Price Target$88.00 Potential Upside/Downside+7.2%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.48 Trailing P/E Ratio27.16 Forward P/E Ratio21.63 P/E GrowthN/ANet Income$79.20 million Net Margins21.63% Pretax Margin28.19% Return on Equity20.83% Return on Assets5.55% Debt Debt-to-Equity RatioN/A Current Ratio0.54 Quick Ratio0.54 Sales & Book Value Annual Sales$446.20 million Price / Sales5.28 Cash Flow$3.26 per share Price / Cash Flow29.00 Book Value$19.08 per share Price / Book4.95Miscellaneous Outstanding Shares24,923,000Free Float23,851,000Market Cap$2.36 billion OptionableOptionable Beta0.34 The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. D. McDonald ArmstrongFounder, CEO & Chairman of the BoardMr. Jon Marcus Christianson (Age 44)President Comp: $632.73kMr. Toshio Christopher Uchida (Age 50)Chief Financial Officer Comp: $673.87kMs. Angela Leann Grant (Age 55)Chief Legal Officer & Corporate Secretary Comp: $477.41kMr. Jonathan Blake Knutzen (Age 52)Chief Risk Officer Comp: $551.11kMs. Elizabeth Whitaker SeitzEVP Treasury & Financial Operations & Chief Accounting OfficerMr. Mark BroseChief Technology OfficerMr. Kyle MorganSenior Vice President of Corporate Development & StrategyMr. John MacDonaldSenior Vice President of MarketingMr. Jake ArmstrongSenior Vice President of UnderwritingMore ExecutivesKey CompetitorsHorace Mann EducatorsNYSE:HMNMercury GeneralNYSE:MCYSafety Insurance GroupNASDAQ:SAFTEmployersNYSE:EIGMediaAlphaNYSE:MAXView All CompetitorsInsiders & InstitutionsT Christopher UchidaSold 1,750 sharesTotal: $173,250.00 ($99.00/share)Truist Financial CorpBought 5,676 shares on 8/21/2024Ownership: 0.023%Driehaus Capital Management LLCBought 43,841 shares on 8/16/2024Ownership: 1.200%Algert Global LLCBought 5,896 shares on 8/16/2024Ownership: 0.151%NBW Capital LLCSold 1,329 shares on 8/15/2024Ownership: 0.375%View All Insider TransactionsView All Institutional Transactions PLMR Stock Analysis - Frequently Asked Questions How have PLMR shares performed this year? Palomar's stock was trading at $55.50 at the beginning of the year. Since then, PLMR shares have increased by 70.3% and is now trading at $94.51. View the best growth stocks for 2024 here. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) released its quarterly earnings results on Monday, August, 5th. The company reported $1.25 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.16. The company's revenue for the quarter was up 47.0% on a year-over-year basis. When did Palomar IPO? Palomar (PLMR) raised $63 million in an initial public offering (IPO) on Wednesday, April 17th 2019. The company issued 5,600,000 shares at $5.00-$17.62 per share. Barclays, J.P. Morgan and Keefe, Woods & Bruyette (A Stifel Company) acted as the underwriters for the IPO and Evercore ISI, William Blair, Sandler O'Neill + Partners and SunTrust Robinson Humphrey were co-managers. Who are Palomar's major shareholders? Palomar's top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (3.42%), Dimensional Fund Advisors LP (2.04%), American Century Companies Inc. (1.79%) and Emerald Advisers LLC (1.77%). Insiders that own company stock include Jon Christianson, Mac Armstrong, T Christopher Uchida, Jonathan Knutzen, Angela L Grant, Michelle Antoinette Johnson, William Bold, Robert E Dowdell, Martha Notaras and Heath A Fisher. View institutional ownership trends. How do I buy shares of Palomar? Shares of PLMR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Palomar own? Based on aggregate information from My MarketBeat watchlists, some other companies that Palomar investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), DocuSign (DOCU), CrowdStrike (CRWD), Taiwan Semiconductor Manufacturing (TSM), Teladoc Health (TDOC) and Trade Desk (TTD). This page (NASDAQ:PLMR) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. But the top investors keep buying wit...Crypto 101 Media | SponsoredThe solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase,...Deal Maker | SponsoredPre-IPO| 32,481% Growth: First Disruption to $martphones in 15 Years🤳45M Users | 32,481% Growth Rate Get in on the biggest disruption to smartphones in over a decade. 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