What is Zacks Research’s Forecast for Palomar Q3 Earnings?

Palomar Holdings, Inc. (NASDAQ:PLMR) – Zacks Research decreased their Q3 2026 EPS estimates for shares of Palomar in a report issued on Friday, April 17th. Zacks Research analyst Team now expects that the company will post earnings of $2.57 per share for the quarter, down from their prior estimate of $2.58. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Palomar’s current full-year earnings is $8.97 per share. Zacks Research also issued estimates for Palomar’s Q4 2026 earnings at $2.37 EPS, FY2026 earnings at $8.95 EPS and Q3 2027 earnings at $3.21 EPS.

PLMR has been the topic of several other research reports. Wall Street Zen lowered shares of Palomar from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. JPMorgan Chase & Co. boosted their price objective on shares of Palomar from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings lowered shares of Palomar from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, April 7th. Evercore initiated coverage on shares of Palomar in a research note on Monday, February 9th. They set an “outperform” rating and a $150.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Palomar from $183.00 to $186.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Palomar has an average rating of “Buy” and an average target price of $161.75.

Palomar Trading Down 0.1%

Shares of PLMR opened at $132.41 on Tuesday. Palomar has a 1-year low of $107.75 and a 1-year high of $175.85. The firm’s 50-day moving average price is $124.19 and its 200-day moving average price is $124.22. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 18.44 and a beta of 0.54.

Palomar (NASDAQ:PLMR) last announced its earnings results on Wednesday, February 11th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.18. The firm 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 for the quarter was up 62.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS.

Insider Buying and Selling at Palomar

In other news, President Jon Christianson sold 1,937 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $128.62, for a total value of $249,136.94. Following the transaction, the president owned 65,919 shares in the company, valued at approximately $8,478,501.78. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Angela L. Grant sold 260 shares of the company’s stock in a transaction that occurred on Saturday, January 31st. The stock was sold at an average price of $121.75, for a total transaction of $31,655.00. Following the completion of the transaction, the insider owned 7,033 shares in the company, valued at approximately $856,267.75. This represents a 3.57% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 66,632 shares of company stock valued at $8,177,085 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Palomar by 14.0% in the third quarter. Principal Financial Group Inc. now owns 182,255 shares of the company’s stock worth $21,278,000 after buying an additional 22,346 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Palomar by 93.7% in the second quarter. Osaic Holdings Inc. now owns 19,370 shares of the company’s stock worth $2,933,000 after buying an additional 9,371 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Palomar in the third quarter worth approximately $1,459,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Palomar by 11.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 456,172 shares of the company’s stock worth $53,258,000 after buying an additional 45,665 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Palomar by 14.6% in the third quarter. Public Sector Pension Investment Board now owns 104,449 shares of the company’s stock worth $12,194,000 after buying an additional 13,270 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

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.