Zacks Research Has Pessimistic View of Palomar Q1 Earnings

Palomar Holdings, Inc. (NASDAQ:PLMR) – Equities research analysts at Zacks Research lowered their Q1 2026 earnings per share estimates for shares of Palomar in a research note issued to investors on Thursday, April 9th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.00 for the quarter, down from their prior estimate of $2.07. The consensus estimate for Palomar’s current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar’s Q2 2026 earnings at $2.01 EPS, Q3 2026 earnings at $2.58 EPS, Q4 2026 earnings at $2.40 EPS, FY2026 earnings at $8.99 EPS, Q1 2027 earnings at $2.50 EPS and Q3 2027 earnings at $3.24 EPS.

Several other brokerages have also weighed in on PLMR. Wall Street Zen lowered shares of Palomar from a “buy” rating to a “hold” rating in a report on Sunday, March 1st. Weiss Ratings lowered Palomar from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods upped their price target on Palomar from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. Evercore assumed coverage on Palomar in a research note on Monday, February 9th. They set an “outperform” rating and a $150.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Palomar from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Palomar currently has a consensus rating of “Moderate Buy” and an average target price of $161.75.

Palomar Price Performance

Shares of PLMR stock opened at $130.89 on Monday. The firm has a market cap of $3.47 billion, a P/E ratio of 18.23 and a beta of 0.54. Palomar has a 1-year low of $107.75 and a 1-year high of $175.85. The firm’s 50-day simple moving average is $123.79 and its 200-day simple moving average is $123.70.

Palomar (NASDAQ:PLMR) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.18. The business had revenue of $253.36 million for the quarter, compared to analyst estimates of $204.58 million. Palomar had a net margin of 22.50% and a return on equity of 22.77%. The company’s revenue was up 62.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS.

Insiders Place Their Bets

In other news, CEO Mac Armstrong sold 3,500 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $120.58, for a total value of $422,030.00. Following the completion of the sale, the chief executive officer owned 339,888 shares in the company, valued at approximately $40,983,695.04. This trade represents a 1.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Jon Christianson sold 3,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $125.00, for a total value of $375,000.00. Following the completion of the sale, the president owned 62,919 shares of the company’s stock, valued at approximately $7,864,875. This trade represents a 4.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 63,808 shares of company stock valued at $7,814,365. Company insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLMR. Principal Financial Group Inc. lifted its holdings in shares of Palomar by 14.0% in the 3rd quarter. Principal Financial Group Inc. now owns 182,255 shares of the company’s stock worth $21,278,000 after purchasing an additional 22,346 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Palomar by 93.7% in the 2nd quarter. Osaic Holdings Inc. now owns 19,370 shares of the company’s stock worth $2,933,000 after purchasing an additional 9,371 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Palomar in the 3rd quarter worth approximately $1,459,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Palomar by 11.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 456,172 shares of the company’s stock worth $53,258,000 after purchasing an additional 45,665 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co bought a new stake in shares of Palomar in the 3rd quarter worth approximately $1,392,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Palomar Company Profile

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.