Palomar Holdings, Inc. (NASDAQ:PLMR) Stock Has Consensus Price Target of $162.75

Posted by George Bondi on Oct 1st, 2026

Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $162.75.

A number of brokerages have weighed in on PLMR. Weiss Ratings raised Palomar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. boosted their target price on Palomar from $150.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Piper Sandler increased their price target on Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on Palomar from $166.00 to $167.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Finally, Evercore set a $152.00 price objective on shares of Palomar in a research report on Friday, July 10th.

Read Our Latest Stock Analysis on PLMR

Insiders Place Their Bets

In other Palomar news, insider Jonathan Knutzen sold 296 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $127.75, for a total transaction of $37,814.00. Following the completion of the sale, the insider directly owned 28,250 shares in the company, valued at $3,608,937.50. This trade represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mac Armstrong sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $134.98, for a total value of $472,430.00. Following the sale, the chief executive officer owned 318,888 shares of the company’s stock, valued at approximately $43,043,502.24. This represents a 1.09% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,322 shares of company stock worth $2,198,116 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Institutional Trading of Palomar

Several hedge funds have recently added to or reduced their stakes in PLMR. BlackRock Inc. acquired a new position in Palomar in the 2nd quarter valued at $556,348,000. Jupiter Topco LLC acquired a new stake in shares of Palomar during the second quarter worth $132,166,000. Janus Henderson Group PLC lifted its holdings in shares of Palomar by 17.4% during the first quarter. Janus Henderson Group PLC now owns 933,993 shares of the company’s stock worth $111,664,000 after buying an additional 138,368 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Palomar by 13.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 840,226 shares of the company’s stock valued at $113,229,000 after acquiring an additional 101,698 shares during the period. Finally, Stephens Investment Management Group LLC boosted its position in shares of Palomar by 3.0% in the first quarter. Stephens Investment Management Group LLC now owns 714,914 shares of the company’s stock valued at $85,432,000 after acquiring an additional 20,597 shares during the period. 90.25% of the stock is owned by institutional investors and hedge funds.

Palomar Stock Performance

NASDAQ PLMR opened at $123.29 on Friday. The firm has a market capitalization of $3.24 billion, a P/E ratio of 16.57 and a beta of 0.39. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average price is $132.48 and its two-hundred day moving average price is $125.27. Palomar has a 1 year low of $100.81 and a 1 year high of $147.62.

Palomar (NASDAQ:PLMR – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.17. The company had revenue of $314.42 million during 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 quarter last year, the firm posted $1.76 EPS. As a group, research analysts anticipate that Palomar will post 9.31 EPS for the current year.

Palomar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $1.80 annualized dividend and a dividend yield of 1.5%. Palomar’s payout ratio is presently 24.19%.

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.