Zacks Research Predicts Palomar’s Q2 Earnings (NASDAQ:PLMR)

Palomar Holdings, Inc. (NASDAQ:PLMR) – Investment analysts at Zacks Research upped their Q2 2026 earnings per share estimates for shares of Palomar in a research report issued on Monday, March 16th. Zacks Research analyst Team now forecasts that the company will post earnings of $2.00 per share for the quarter, up from their prior estimate of $1.95. The consensus estimate for Palomar’s current full-year earnings is $5.99 per share. Zacks Research also issued estimates for Palomar’s Q3 2026 earnings at $2.57 EPS, Q4 2026 earnings at $2.34 EPS, FY2026 earnings at $8.98 EPS and Q3 2027 earnings at $2.76 EPS.

Other analysts also recently issued reports about the stock. Weiss Ratings upgraded shares of Palomar from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price objective on shares of Palomar from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Evercore assumed coverage on Palomar in a report on Monday, February 9th. They issued an “outperform” rating and a $150.00 target price on the stock. Wall Street Zen downgraded Palomar from a “buy” rating to a “hold” rating in a research report on Sunday, March 1st. Finally, Keefe, Bruyette & Woods increased their price target on Palomar from $170.00 to $171.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $163.00.

Palomar Stock Performance

Shares of NASDAQ:PLMR opened at $116.15 on Wednesday. The firm has a fifty day moving average price of $125.15 and a 200 day moving average price of $123.12. Palomar has a fifty-two week low of $107.75 and a fifty-two week high of $175.85. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 16.18 and a beta of 0.46.

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

Insider Activity at Palomar

In other Palomar news, insider Jonathan Knutzen sold 281 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $128.04, for a total transaction of $35,979.24. Following the completion of the transaction, the insider owned 27,579 shares in the company, valued at $3,531,215.16. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Jon Christianson sold 522 shares of Palomar stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $128.04, for a total transaction of $66,836.88. Following the completion of the transaction, the president directly owned 65,919 shares of the company’s stock, valued at $8,440,268.76. The trade was a 0.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,999 shares of company stock valued at $7,253,229 over the last quarter. 3.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in 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 acquiring an additional 22,346 shares during the period. Osaic Holdings Inc. increased its position in Palomar by 93.7% during the 2nd quarter. Osaic Holdings Inc. now owns 19,370 shares of the company’s stock valued at $2,933,000 after purchasing an additional 9,371 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Palomar in the 3rd quarter valued at about $1,459,000. Sumitomo Mitsui Trust Group Inc. raised 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 valued at $53,258,000 after purchasing an additional 45,665 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its position in shares of Palomar by 14.6% in the 3rd quarter. Public Sector Pension Investment Board now owns 104,449 shares of the company’s stock worth $12,194,000 after purchasing an additional 13,270 shares during the period. 90.25% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Palomar

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Zacks published a bullish primer highlighting Palomar as a strong growth stock, reinforcing the company’s growth narrative and appeal to growth-oriented investors. Here’s Why Palomar (PLMR) is a Strong Growth Stock
• Positive Sentiment: A separate Zacks piece reiterated three reasons growth investors shouldn’t overlook Palomar, underscoring earnings power, margin profile and recent top‑line momentum. This supportive coverage can help sustain buyer interest. 3 Reasons Why Growth Investors Shouldn’t Overlook Palomar (PLMR)
• Positive Sentiment: Coverage aggregated by AmericanBankingNews reports that some brokers have boosted estimates for Palomar, providing short-term support to the stock from analyst upgrades/estimate raises. Zacks Research Brokers Boost Earnings Estimates for Palomar
• Neutral Sentiment: Sector roundup coverage (Q4 earnings roundup) placed Palomar in the context of property & casualty peers — useful for relative valuation but not a direct catalyst. Q4 Earnings Roundup: Palomar Holdings (NASDAQ:PLMR)
• Negative Sentiment: Zacks Research issued a series of mixed estimate revisions: small upward tweaks to Q2 and Q4 2026, but downward revisions to Q3 2026/Q3 2027 and a slight trim to FY2026 EPS (from $9.00 to $8.98). The net effect is a modest downgrade to near‑term guidance expectations, which likely contributed to selling pressure. (Market commentary summarized from analyst notes.)

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.