Zacks Research Estimates Palomar’s Q3 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research decreased their Q3 2026 EPS estimates for Palomar in a research note issued to investors on Friday, September 4th. Zacks Research analyst Team now forecasts that the company will earn $2.38 per share for the quarter, down from their prior estimate of $2.42. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Palomar’s current full-year earnings is $9.21 per share. Zacks Research also issued estimates for Palomar’s Q4 2026 earnings at $2.58 EPS, FY2026 earnings at $9.18 EPS, Q1 2027 earnings at $2.32 EPS, Q2 2027 earnings at $2.24 EPS, Q3 2027 earnings at $2.74 EPS, Q4 2027 earnings at $2.70 EPS, FY2027 earnings at $10.01 EPS, Q1 2028 earnings at $2.92 EPS, Q2 2028 earnings at $2.69 EPS and FY2028 earnings at $10.74 EPS.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler upped their target price on Palomar from $132.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Palomar from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on shares of Palomar from $150.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Keefe, Bruyette & Woods lifted their target price on shares of Palomar from $166.00 to $167.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Finally, Evercore set a $152.00 target price on shares of Palomar in a research report on Friday, July 10th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.75.

Palomar Stock Performance

Shares of NASDAQ PLMR opened at $132.92 on Friday. The business’s 50-day simple moving average is $134.39 and its 200-day simple moving average is $124.49. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.50 and a current ratio of 0.50. Palomar has a 52 week low of $100.81 and a 52 week high of $147.62. The firm has a market cap of $3.50 billion, a price-to-earnings ratio of 17.87 and a beta of 0.39.

Palomar (NASDAQ:PLMR) last posted its earnings results on Tuesday, August 4th. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.17. Palomar had a return on equity of 23.28% and a net margin of 18.61%.The company had revenue of $314.42 million for the quarter, compared to analyst estimates of $621.52 million. During the same period last year, the company earned $1.76 earnings per share.

Palomar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, August 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.4%. Palomar’s payout ratio is 24.19%.

Insider Activity at Palomar

In other news, CFO T. Christopher Uchida sold 791 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $127.74, for a total value of $101,042.34. Following the completion of the sale, the chief financial officer directly owned 16,238 shares of the company’s stock, valued at approximately $2,074,242.12. This represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Jon Christianson sold 6,863 shares of the company’s stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $139.50, for a total transaction of $957,388.50. Following the transaction, the president owned 66,478 shares of the company’s stock, valued at approximately $9,273,681. The trade was a 9.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 23,665 shares of company stock valued at $3,138,093. 3.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Palomar

Several hedge funds have recently made changes to their positions in the stock. Janus Henderson Group PLC boosted its position in Palomar by 17.4% in the first quarter. Janus Henderson Group PLC now owns 933,993 shares of the company’s stock valued at $111,664,000 after buying an additional 138,368 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Palomar by 652.7% in the fourth quarter. HighTower Advisors LLC now owns 17,613 shares of the company’s stock valued at $2,374,000 after acquiring an additional 15,273 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of Palomar by 19.8% in the 4th quarter. Stephens Investment Management Group LLC now owns 694,317 shares of the company’s stock worth $93,566,000 after acquiring an additional 114,859 shares in the last quarter. Deutsche Bank AG bought a new stake in Palomar during the 2nd quarter worth approximately $6,131,000. Finally, Westfield Capital Management Co. LP increased its holdings in Palomar by 13.8% during the 4th quarter. Westfield Capital Management Co. LP now owns 840,226 shares of the company’s stock valued at $113,229,000 after purchasing an additional 101,698 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Key Palomar News

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $9.18 from $8.59, FY2027 EPS to $10.01 from $9.70, and FY2028 EPS to $10.74 from $10.45. The firm also increased estimates for Q4 2026, Q1 2027, Q2 2027 and Q2 2028, indicating stronger anticipated earnings growth over the next several years.
• Positive Sentiment: Palomar’s acquisition of Gray Surety is expanding its scale, national distribution and business diversification. The transaction supports management’s longer-term growth strategy and could reduce reliance on individual insurance lines. PLMR’s Gray Surety Acquisition Boosts Scale and Diversification
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its current full-year consensus estimate remains $9.21 per share, close to the revised FY2026 forecast of $9.18, suggesting limited immediate change to the broader valuation view.
• Neutral Sentiment: The reported short-interest data showed zero shares short and a zero-day days-to-cover ratio, but the figures included an invalid percentage change and may not provide a meaningful trading signal.
• Negative Sentiment: Zacks reduced its Q3 2026 EPS estimate to $2.38 from $2.42, Q3 2027 to $2.74 from $2.79, Q4 2027 to $2.70 from $2.71, and Q1 2028 to $2.92 from $3.08. These downward revisions may weigh on near-term sentiment despite the stronger full-year outlook.

About Palomar

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.