JPMorgan Chase & Co. Has Lowered Expectations for Palomar (NASDAQ:PLMR) Stock Price

Posted by Brian Himes on Oct 9th, 2026

Palomar (NASDAQ:PLMR – Get Free Report) had its price objective cut by JPMorgan Chase & Co. from $167.00 to $156.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 19.35% from the stock’s previous close.

PLMR has been the topic of a number of other research reports. 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 research report on Monday, August 10th. Piper Sandler upped their price target on shares of Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Palomar from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, September 24th. Zacks Research upgraded Palomar from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 30th. Finally, Evercore set a $152.00 target price on Palomar in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $160.00.

Check Out Our Latest Report on Palomar

Palomar Price Performance

PLMR traded down $0.73 during midday trading on Friday, hitting $130.71. The stock had a trading volume of 69,151 shares, compared to its average volume of 259,772. Palomar has a 1 year low of $100.81 and a 1 year high of $147.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.50 and a current ratio of 0.50. The business has a fifty day moving average of $131.18 and a 200 day moving average of $125.66. The company has a market cap of $3.44 billion, a P/E ratio of 17.57 and a beta of 0.35.

Palomar (NASDAQ:PLMR – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.19 by $0.17. The firm had revenue of $314.42 million for the quarter, compared to the consensus estimate of $621.52 million. Palomar had a net margin of 18.61% and a return on equity of 23.28%. During the same period last year, the firm posted $1.76 earnings per share. As a group, equities analysts forecast that Palomar will post 9.3 earnings per share for the current fiscal year.

Insider Activity at Palomar

In other Palomar news, CEO Mac Armstrong sold 3,500 shares of Palomar stock in a transaction on Monday, September 21st. The stock was sold at an average price of $134.98, for a total transaction of $472,430.00. Following the completion of the transaction, the chief executive officer owned 318,888 shares in the company, valued at approximately $43,043,502.24. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jonathan Knutzen sold 296 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $127.75, for a total value of $37,814.00. Following the transaction, the insider owned 28,250 shares of the company’s stock, valued at $3,608,937.50. The trade was a 1.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 16,322 shares of company stock worth $2,198,116 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in shares of Palomar by 123.2% in the third quarter. Farther Finance Advisors LLC now owns 790 shares of the company’s stock worth $97,000 after buying an additional 436 shares in the last quarter. Artemis Investment Management LLP raised its holdings in Palomar by 0.6% in the 3rd quarter. Artemis Investment Management LLP now owns 335,986 shares of the company’s stock worth $41,424,000 after acquiring an additional 2,018 shares during the last quarter. Moody National Bank Trust Division bought a new position in Palomar in the 3rd quarter valued at approximately $216,000. Sequoia Financial Advisors LLC purchased a new stake in Palomar during the 2nd quarter valued at $221,000. Finally, Tidal Investments LLC boosted its stake in Palomar by 41.3% during the 2nd quarter. Tidal Investments LLC now owns 16,583 shares of the company’s stock valued at $2,096,000 after purchasing an additional 4,847 shares during the last quarter. 90.25% of the stock is owned by hedge funds and other institutional investors.

Palomar Company Profile

(Get Free Report)

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products for risks that may be underserved by standard insurance carriers. The company focuses on markets where specialized underwriting expertise is important, including catastrophe-exposed property and other complex commercial and personal insurance risks.

Its offerings include commercial and residential property coverage, casualty insurance, specialty programs, and other products designed for areas such as earthquake, wind, flood, and other natural catastrophe exposures.