PLMR Outperforms Industry, Trades Near 52-Week High: Time to Exit?
Palomar's underwriting discipline, premium growth and diversified specialty platform support growth, while catastrophe losses and higher expenses remain risks.
Palomar's underwriting discipline, premium growth and diversified specialty platform support growth, while catastrophe losses and higher expenses remain risks.
From a technical perspective, Palomar (PLMR) is looking like an interesting pick, as it just reached a key level of support. PLMR recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
Palomar (PLMR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
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HCI, PGR, ALL and PLMR are positioned to stay resilient as CSU sees a milder 2026 hurricane season, prudent pricing, increased exposure and increased digitalization.
Investors need to pay close attention to PLMR stock based on the movements in the options market lately.
I retain my 'Buy' rating for Palomar Holdings, following my evaluation of management's disclosures at a recent investment conference. PLMR raised FY26 net profit guidance to $273M, implying a solid 26.3% growth, supported by reduced reinsurance pricing, portfolio diversification, and M&As. The company's FY2027/2028 margins are expected to be favorably impacted by operating leverage as it moves past the peak investment phase.
Palomar (PLMR) reported earnings 30 days ago. What's next for the stock?
Palomar targets stronger 2026 earnings through premium growth, specialty expansion and rising investment income.
By focusing on risks that most standard insurers avoid, including earthquakes, floods, and surplus lines, the company just posted its strongest quarter ever. Trading now near its 52-week low and with a new acquisition, Palomar is either a rare entry point into disciplined growth or a company that's one disaster away from a serious hit.
Full Year 2026 Adjusted Net Income Guidance Increased to $266 Million to $280 Million Full Year 2026 Adjusted Net Income Guidance Increased to $266 Million to $280 Million
LA JOLLA, Calif. , May 29, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) ("Palomar" or the "Company") today announced the successful completion of certain reinsurance programs incepting June 1, 2026, and increased the Company's full year 2026 adjusted net income guidance.
LA JOLLA, Calif., May 27, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (“Palomar”) today announced that Mac Armstrong, Chairman and Chief Executive Officer, and Chris Uchida, Chief Financial Officer, will present at the 46th Annual William Blair Annual Growth Stock Conference on Wednesday, June 3, 2026, at 12:00 pm CT. Management will also host a breakout meeting for interested investors at 12:40 pm CT as well as individual meetings throughout the day.
LA JOLLA, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the "Company") today announced that Scott Beiser has been appointed to the Company's Board of Directors, effective May 21, 2026.
Investors need to pay close attention to PLMR stock based on the movements in the options market lately.
Palomar NASDAQ: PLMR reported a strong start to 2026, with management highlighting broad-based premium growth, continued underwriting profitability and an increased full-year adjusted net income outlook during the company's first-quarter earnings call.
Palomar Holdings, Inc. (PLMR) Q1 2026 Earnings Call Transcript
PLMR beat Q1 estimates as revenues jump 58.7% on higher premiums and investment income despite rising expenses and weaker underwriting income.
Palomar (PLMR) came out with quarterly earnings of $2.31 per share, beating the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $1.87 per share a year ago.
The headline numbers for Palomar (PLMR) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.