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Palomar Holdings, Inc.

PLMR · NASDAQ

Market closed$135.44$1.21 (+0.90%)After hours $135.44 · 0.00%

Key statistics

Previous close$134.23
Open$136.72
Day high$138.67
Day low$134.25
52-week high$147.62
52-week low$100.81
Market cap3.59B
Volume277.20K
Average volume300.73K
P/E ratio16.28
Forward P/E—
EPS8.32
Dividend yield0.00%

Market context

Why it moved

PLMR (Palomar Holdings) edged higher today, supported by broad market resilience and continued investor interest in specialty insurance companies benefiting from strong underwriting performance and favorable pricing trends in catastrophe-exposed lines.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Palomar Holdings edged higher, outperforming the broader financial services sector as investors responded to a confluence of positive catalysts. The company recently raised its full-year 2026 net profit guidance and approved a $200 million share buyback, with analysts at Piper Sandler lifting their price target to $165 and Keefe, Bruyette & Woods raising theirs to $166 — both with bullish ratings. A Simply Wall St analysis suggests PLMR may be ~15% undervalued near current levels. Meanwhile, peer Travelers posted a strong Q2 EPS beat, lending positive read-through to the P&C insurance sector, even as broader markets faced headwinds from AI-driven tech weakness and U.S.-Iran geopolitical tensions.

0.9014

July 16, 2026Palomar Holdings rose nearly 2% on above-average volume, buoyed by a combination of company-specific catalysts and a constructive financial sector backdrop. The specialty insurer drew fresh attention after raising its full-year 2026 net profit guidance and approving a $200 million share buyback, with Simply Wall St estimating shares could be roughly 15% undervalued relative to fair value. Analyst sentiment remains broadly positive, with Keefe Bruyette & Woods lifting its target to $166 (Outperform) and Piper Sandler raising its target to $165 (Overweight), while the consensus stands at a Moderate Buy with an average target near $158. The financial sector ETF (XLF) also closed near a 52-week high, providing a tailwind for insurers.

1.9288

July 16, 2026Palomar Holdings closed down ~3.2%, pulling back from its recent run-up near 52-week highs, as sector-wide pressure weighed on property & casualty insurers following Progressive's notable decline after reporting higher catastrophe losses and a deteriorating combined ratio. The selloff comes despite constructive analyst sentiment—Keefe, Bruyette & Woods recently raised its price target to $166 (Outperform) and Piper Sandler lifted its target to $165 (Overweight)—reflecting confidence in Palomar's specialty insurance model and 59.7% year-over-year revenue growth posted last quarter. Insider selling by the CEO and President in recent weeks and HSBC trimming its stake added modest overhead pressure.

-3.2189

July 14, 2026Palomar Holdings slipped in after-hours trading, underperforming a largely steady financial sector (XLF down just 0.09% in extended hours), as a broader P&C insurance sector headwind emerged. RBC Capital Markets flagged pricing pressures and elevated catastrophe losses as key risks heading into Q2 earnings, while peer Progressive fell over 3% after reporting a higher combined ratio. Meanwhile, Keefe, Bruyette & Woods recently raised its price target on Palomar to $166 (Outperform), and Evercore set a $152 target, keeping the Moderate Buy consensus intact at $150.

-2.5147

July 14, 2026Palomar Holdings rose as the broader financial services sector found relative shelter amid a risk-off session driven by renewed U.S.-Iran military strikes and surging oil prices. The specialty insurer's gains came alongside a fresh Keefe, Bruyette & Woods price target raise to $166 (Outperform), and as AM Best reported the U.S. P/C industry notched its strongest performance in a decade for 2025. With a consensus "Moderate Buy" and $150 average target, investors appear to be leaning into Palomar's defensive low-beta (0.41) profile and strong Q1 beat ($2.31 EPS vs. $2.17 estimate), even as insider sales and above-average volume draw some scrutiny.

2.5796

July 11, 2026Palomar Holdings fell amid a broader pullback after recently hitting a 52-week high of $147.44, with Morgan Stanley filing Form 144 to sell up to 118,750 shares adding near-term supply pressure. The decline follows a sharp ~38% surge over the prior month driven by a Q1 earnings beat ($2.31 vs. $2.17 EPS expected), raised 2026 guidance, and a new $450M unsecured credit facility—though Zacks trimmed its Q1 2027 EPS estimate and JPMorgan cut its price target to $150 (while keeping an Overweight rating), reflecting mixed analyst sentiment around the stock's premium valuation at roughly 19.5x earnings versus peers at 12x.

-2.2345

July 10, 2026Palomar Holdings fell nearly 4%, pulling back from its recent 52-week high as renewed US-Iran military escalation rattled broader financial markets and triggered risk-off sentiment. The retreat comes after a remarkable run fueled by the company raising its 2026 adjusted net income guidance, securing a new $450M unsecured credit facility, and posting Q1 EPS of $2.31 — beating estimates by $0.14 on 59.7% year-over-year revenue growth. Keefe, Bruyette & Woods lifted its price target to $166 (outperform), yet the stock remains at a premium valuation of ~19.5x earnings versus the industry's 12.2x, keeping some analysts cautious even as fair value estimates center around $154.

-3.695

July 8, 2026Palomar Holdings edged lower in regular trading and extended its decline in after-hours, giving back some of its recent sharp gains after hitting a new 52-week high. Investor attention remains focused on the company's raised 2026 adjusted net income guidance, a new $450M unsecured credit facility, and a strong Q1 earnings beat ($2.31 EPS vs. $2.17 expected). Keefe, Bruyette & Woods lifted its price target to $166 (from $162) with an 'Outperform' rating, though broader market risk-off sentiment tied to renewed U.S.-Iran tensions and surging oil prices weighed on financial stocks broadly.

-0.53

Zacks Investment Research · July 19, 2026PLMR Stock Declines 39.1% in a Year: What Should Investors Do Now?MarketBeat · July 19, 2026Bessemer Group Inc. Reduces Stock Position in Palomar Holdings, Inc. $PLMRAd Hoc News · July 9, 2026PLMR stock stays supported by specialty insurance growthMoomoo · July 8, 2026KBW Maintains Palomar Holdings(PLMR.US) With Buy Rating, Raises Target Price to $166TradingView · June 26, 2026PLMR Stock Declines 39.1% in a Year: What Should Investors Do Now?Stock Titan · May 29, 2026Palomar secures $3.92B in quake cover, raises 2026 adjusted net income guidanceQuiver Quantitative · February 2, 2026Palomar Holdings, Inc. Schedules Release of Fourth Quarter and Full Year 2025 Results and Conference Call

Peers

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