Palomar Holdings, Inc. (PLMR) Stock Price & Analysis
Palomar Holdings, Inc. (PLMR) closed at USD 144.53 on Thursday, October 22, 2026, up 3.85% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 139.17; the Oct 22, 2026 session ranged USD 138.91–145.16 on volume of 251,736 shares. Market capitalization is $3.83B, with a 52-week range of USD 100.81–147.62 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:01 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PLMR.md
Key facts (PLMR)
- Last four reported quarters (through Jun 30, 2026): revenue $1.09B, net income $203M (18.6% margin), free cash flow $415M (SEC filings).
- Valuation: P/E 18.9x (avg 20.0x at the last 3 fiscal year-ends), net debt $233M.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (8 analysts), mean target USD 159.17 (range 152–168).
- Total return with dividends: 1Y +27.6% vs S&P 500 +14.9%; 5Y +78.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2.59, revenue estimate $329M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PLMR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $248M | $327M | $376M | $554M | $876M | $1.09B |
| Net income | $45.8M | $52.2M | $79.2M | $118M | $197M | $203M |
| EPS (diluted) | $1.76 | $2.02 | $3.13 | $4.48 | $7.17 | — |
| Free cash flow | $87.8M | $169M | $116M | $261M | $409M | $415M |
| Net margin | 18.5% | 15.9% | 21.1% | 21.2% | 22.5% | 18.6% |
| Revenue growth | +47.1% | +32.0% | +14.9% | +47.3% | +58.2% | — |
| Cash + short-term investments | $50.3M | $68.1M | $51.5M | $80.4M | $107M | — |
| Total debt | — | — | — | — | $0K | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (PLMR)
P/E 18.9x · P/S 3.5x · EV/Sales 3.7x · P/FCF 9.2x · P/B 3.9x · FCF yield 10.83% · Earnings yield 5.30% · Buyback yield (TTM) 2.65% · Net debt $233M · EV $4.06B
P/E at fiscal year-ends: Dec 2025 18.8x, Dec 2024 23.6x, Dec 2023 17.7x.
Analysts (PLMR)
Consensus Buy (mean 1.75 on a 1–5 scale), 8 analysts; mean target USD 159.17 (low 152, high 168).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-09 | JP Morgan | Target lowered | Overweight | $167 → $156 |
| 2026-08-11 | Keefe, Bruyette & Woods | Target raised | Outperform | $166 → $167 |
| 2026-07-20 | JP Morgan | Target raised | Overweight | $150 → $167 |
| 2026-07-15 | Piper Sandler | Target raised | Overweight | $132 → $165 |
| 2026-07-08 | Keefe, Bruyette & Woods | Target raised | Outperform | $162 → $166 |
Total return (dividends reinvested) (PLMR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +27.6% | +78.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +27.7% | +12.3% |
| Volatility (annualized) | 34.8% | 42.9% |
| Max drawdown | -26.1% (Dec 2025→Jun 2026) | -52.5% (Nov 2021→Dec 2022) |
PLMR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Federal Crop Insurance | “Specific to our Crop portfolio, we purchase private reinsurance coverage which is applied to premiums and liabilities net of the inuring protection afforded by the Standard Reinsurance Agreement provided via the Federal Crop Insurance Corporation.” |
| Supplier | Torrey Pines Re | “In addition to reinsurance purchased from traditional reinsurers, we utilize collateralized protection from the insurance-linked securities market through catastrophe bonds issued via Torrey Pines Re Ltd., a Bermuda-domiciled special purpose insurer.” |
Quoted from the company's 10-K filed Feb 24, 2026.
PLMR company outlook (results filed Aug 4, 2026)
- “For the full year 2026, the Company expects to achieve adjusted net income of $270 million to $280 million.”
Quoted word-for-word from the SEC 8-K results press release.
PLMR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.59 | $2.59 | -0.2% | $328.7M | 7 |
| Next quarter (ends Dec 2026) | $2.86 | $2.83 | +0.9% | $319.2M | 6 |
| Current fiscal year (ends Dec 2026) | $10.05 | $9.90 | +1.6% | $1.19B | 7 |
| Next fiscal year (ends Dec 2027) | $11.30 | $11.20 | +0.8% | $1.48B | 6 |
Key Statistics (as of October 23, 2026 at 10:01 UTC)
| Price | USD 144.53 |
|---|---|
| Change | ▲ 3.85% (up) |
| Previous Close | USD 139.17 |
| Open | USD 140.17 |
| Day Range | USD 138.91 – 145.16 |
| 52-Week Range | USD 100.81 – 147.62 |
| Volume | 251,736 shares |
| Market Cap | $3.83B |
| Exchange | NMS |
Technical Analysis (PLMR)
Nexqual's technical model rates PLMR "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 10:01 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 68.38 (neutral) |
| vs SMA50 | Above (USD 131.96) |
| MACD | 2.83 (positive) |
Analyst Ratings (PLMR)
Wall Street analysts rate PLMR "Buy" based on 8 analysts, with a mean price target of USD 159.17 (range USD 152–168), per Nexqual as of October 23, 2026 at 10:01 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 159.17 |
| High Target | USD 168 |
| Low Target | USD 152 |
| Buy / Hold / Sell | 7 / 1 / 0 |
Earnings (PLMR)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 2.59 |
| Revenue Estimate | $328.71M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.36 vs est 2.21 ▲ beat |
| 2026-03-31 | USD 2.31 vs est 2.2 ▲ beat |
| 2025-12-31 | USD 2.24 vs est 2.09 ▲ beat |
| 2025-09-30 | USD 2.01 vs est 1.61 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Financials & Fundamentals (PLMR)
| Total Revenue | $1.09B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +54.70% |
| Gross Margin | +27.35% |
| Operating Margin | +23.77% |
| Profit Margin | +18.62% |
| ROE | +22.23% |
| Debt / Equity | 0.3 |
| Current Ratio | 0.54 |
| Total Cash | $62.69M |
| Total Debt | $295.77M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $414.77M (38.0% of revenue) |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Financial Health Score (PLMR)
Nexqual rates Palomar Holdings, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 10:01 UTC.
| Growth | Strong — Revenue +57% YoY (annual) |
|---|---|
| Profitability | Solid — Gross margin 27%, operating 24% (last 12 months) |
| Balance Sheet | Mixed — $63M cash and investments vs $296M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $415M (last 4 quarters to Jun 2026, SEC), 38% margin |
| Efficiency | Strong — ROE 22%, ROA 5.0% |
Ownership (PLMR)
| Insider Ownership | +2.74% |
|---|---|
| Institutional Ownership | +99.90% |
| Shares Outstanding | 26.50M |
| Float | 25.61M |
| Short % of Float | +3.42% |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
Leadership (PLMR)
Palomar Holdings, Inc. is led by D. McDonald Armstrong, Founder, CEO & Chairman of the Board, per Nexqual as of October 23, 2026 at 10:01 UTC.
| Founder, CEO & Chairman of the Board | D. McDonald Armstrong |
|---|---|
| President | Jon Marcus Christianson |
| Chief Financial Officer | Toshio Christopher Uchida |
| Chief Operating Officer | Rodolphe Herve |
Major Backers & Investors (PLMR)
Notable institutional backers of Palomar Holdings, Inc. include Jupiter Topco LLC, American Century Companies Inc, Stephens Investment Management Group LLC, according to Nexqual as of October 23, 2026 at 10:01 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Jupiter Topco LLC | 3.97% |
| American Century Companies Inc | 2.92% |
| Stephens Investment Management Group LLC | 2.78% |
| Sumitomo Mitsui Trust Group, Inc. | 2.71% |
| Hood River Capital Management LLC | 2.59% |
| Manager Directed Portfolios-Hood River Small-Cap Growth Fund | 1.31% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 16.73% |
| Vanguard Group | 9.22% |
| State Street | 4.27% |
| Geode Capital | 2.72% |
Source: Nexqual, October 23, 2026 at 10:01 UTC.
From Palomar Holdings, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)
Key Strengths & Strategy (as disclosed to the SEC)
- Our systems enable us to underwrite our personal lines business automatically within minutes by leveraging our proprietary modeling techniques to analyze data at the geocode or ZIP code level.
- Continue to invest in proprietary technology assets that deepen our competitive advantage.
- We offer coverage in both the admitted and excess and surplus lines ("E&S") markets, utilizing proprietary data analytics and a technology-enabled platform to support customized underwriting and pricing.
- We have built a proprietary operating platform that employs best practices derived from our management team's extensive prior experience.
Partnerships
- Laulima maintains Hawaii hurricane reinsurance coverage through a standalone XOL treaty, which provides per-occurrence coverage up to $735.0 million with a retention of $1.5 million.
Legal & Regulatory Risks (Item 1A, quoted)
- Claims arising from unpredictable and severe catastrophe events, including those caused by global climate change, could reduce or eliminate our earnings and stockholders' equity, particularly if such events occur with greater frequency or severity than historical experience, and could limit our ability to underwrite new insurance policies.
- Our reinsurers may not pay claims on a timely basis, or at all, which may materially adversely affect our business, financial condition, and results of operations.
- The models may not accurately reflect the impact on the economy of the area affected or the financial, judicial, political, or regulatory impacts on insurance claim payments during or following a catastrophe event.
- Our failure to accurately and timely evaluate and pay claims could materially and adversely affect our business, financial condition, results of operations, and prospects.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| LMND | Lemonade, Inc. | USD 45.41 | ▲ 0.29% |
| SLDE | Slide Insurance Holdings, Inc. | USD 27.75 | ▲ 2.36% |
| SKWD | Skyward Specialty Insurance Gro | USD 62.16 | ▲ 1.24% |
| WTM | White Mountains Insurance Group | USD 2,247.52 | ▲ 1.7% |
| SIGI | Selective Insurance Group, Inc. | USD 91.74 | ▲ 0.72% |
| HCI | HCI Group, Inc. | USD 206.68 | ▲ 1.11% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:01 UTC. This page is informational and not investment advice.
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