NASDAQ:PLMR Palomar (PLMR) Stock Price, News & Analysis $95.01 -1.73 (-1.79%) (As of 09/20/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Palomar alerts: Email Address About Palomar Stock (NASDAQ:PLMR) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Get Palomar alerts:Sign Up Key Stats Today's Range$94.35▼$96.7450-Day Range$87.90▼$99.2252-Week Range$48.08▼$100.29Volume507,573 shsAverage Volume165,541 shsMarket Capitalization$2.38 billionP/E Ratio27.30Dividend YieldN/APrice Target$101.33Consensus RatingModerate Buy Company OverviewPalomar 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… The Perfect Storm for an EV Revolt (Ad)With constant talk about Artifical Intelligence, inflation, and the upcoming election clogging the airwaves... Not many people realize there’s a "perfect storm" for profits unfolding in the auto industry - today. Or that cars and trucks are actually the world’s biggest business. Click here for details... Palomar Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 77th PercentilePalomar scored higher than 77% of companies evaluated by MarketBeat, and ranked 306th out of 903 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion2.3 / 5Analyst RatingModerate Buy 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. Earnings and Valuation3.1 / 5Proj. Earnings Growth23.34% 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 27.30, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.Price to Earnings Ratio vs. SectorThe P/E ratio of Palomar is 27.30, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.06.Price to Book Value per Share RatioPalomar has a P/B Ratio of 4.98. 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. Short Interest3.0 / 5Short Interest LevelHealthy Percentage of Shares Shorted1.57% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently increased by 8.04%, indicating that investor sentiment is decreasing significantly. Dividend0.0 / 5Dividend StrengthN/A Dividend YieldPalomar does not currently pay a dividend.Dividend GrowthPalomar does not have a long track record of dividend growth. Sustainability and ESGN/AEnvironmental ScoreN/A Percentage of Shares Shorted1.57% of the float of Palomar has been sold short.Short Interest Ratio / Days to CoverPalomar has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Palomar has recently increased by 8.04%, indicating that investor sentiment is decreasing significantly. News and Social Media3.5 / 5News Sentiment1.21 News SentimentPalomar has a news sentiment score of 1.21. 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 0.64 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Palomar this week, compared to 4 articles on an average week.Search Interest12 people have searched for PLMR on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Palomar to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Company Ownership3.3 / 5Insider TradingSelling Shares Insider Buying vs. Insider SellingIn the past three months, Palomar insiders have sold 5,031.01% more of their company's stock than they have bought. Specifically, they have bought $89,420.00 in company stock and sold $4,588,146.00 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. 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 PLMR Stock News HeadlinesInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) President Sells 10,000 Shares of StockSeptember 10, 2024 | insidertrades.comInsider Selling: Palomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells 1,750 Shares of StockAugust 24, 2024 | insidertrades.comTrump’s “Tax Free” Retirement StrategySince 1924 — over one hundred years — the US dollar has lost nearly 18x its value. If you're planning on retiring any time soon... Every retirement dollar you have invested in paper assets will only continue to drop in value. We just released a Free Guide that reveals all the details.September 20, 2024 | Gold Safe Exchange (Ad)Palomar Holdings (NASDAQ:PLMR) delivers shareholders strong 22% CAGR over 5 years, surging 5.3% in the last week aloneSeptember 18 at 10:05 AM | finance.yahoo.comEquities Analysts Issue Forecasts for Palomar Holdings, Inc.'s Q1 2025 Earnings (NASDAQ:PLMR)September 16, 2024 | americanbankingnews.comPalomar Holdings Share Price (PLMR.US)September 14, 2024 | lse.co.ukPalomar Holdings, Inc. Announces Strategic Hire to Further Expand its Casualty FranchiseSeptember 9, 2024 | globenewswire.comPalomar Holdings, Inc. Announces Participation in the 2024 KBW Insurance ConferenceAugust 27, 2024 | globenewswire.comSee More Headlines 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 stock has increased by 71.2% and is now trading at $95.01. View the best growth stocks for 2024 here. How were Palomar's earnings last quarter? Palomar Holdings, Inc. (NASDAQ:PLMR) issued its earnings results on Monday, August, 5th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.16. The business's quarterly revenue 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 a price of $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? Top institutional investors of Palomar 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). Company Calendar Last Earnings8/05/2024Today9/20/2024Next 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+6.7%Consensus RatingModerate Buy Rating Score (0-4)2.57 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$3.48 Trailing P/E Ratio27.30 Forward P/E Ratio21.74 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$375.93 million Price / Sales6.32 Cash Flow$3.39 per share Price / Cash Flow28.00 Book Value$19.08 per share Price / Book4.98Miscellaneous Outstanding Shares25,010,000Free Float23,851,000Market Cap$2.38 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? 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