Palomar (PLMR) Expected to Announce Earnings on Thursday

Palomar (NASDAQ:PLMR - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Thursday, May 1st. Analysts expect Palomar to post earnings of $1.61 per share and revenue of $161.97 million for the quarter.

Palomar (NASDAQ:PLMR - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. Palomar had a return on equity of 19.76% and a net margin of 21.23%. On average, analysts expect Palomar to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Palomar Trading Down 3.7 %

NASDAQ:PLMR traded down $5.67 during trading hours on Friday, hitting $147.48. The stock had a trading volume of 389,515 shares, compared to its average volume of 187,912. The business has a 50 day simple moving average of $135.21 and a two-hundred day simple moving average of $115.35. Palomar has a 1-year low of $77.17 and a 1-year high of $155.87. The company has a market cap of $3.94 billion, a PE ratio of 32.92 and a beta of 0.46.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Palomar in a research note on Thursday, February 13th. JPMorgan Chase & Co. upgraded Palomar from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $115.00 to $150.00 in a research note on Tuesday, April 8th. Jefferies Financial Group raised their price objective on Palomar from $145.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods reduced their target price on Palomar from $155.00 to $145.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler raised their price objective on shares of Palomar from $133.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.33.

Insider Activity at Palomar

In other news, insider Angela L. Grant sold 394 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $108.34, for a total transaction of $42,685.96. Following the sale, the insider now directly owns 4,485 shares in the company, valued at approximately $485,904.90. This represents a 8.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO T Christopher Uchida sold 507 shares of the business's stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $108.34, for a total value of $54,928.38. Following the transaction, the chief financial officer now owns 17,845 shares of the company's stock, valued at $1,933,327.30. This represents a 2.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,342 shares of company stock valued at $3,198,841. Corporate insiders own 3.70% of the company's stock.

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.