Palomar Holdings Inc (NASDAQ:PLMR) – Investment analysts at William Blair increased their FY2019 EPS estimates for shares of Palomar in a research note issued on Monday, December 16th, Zacks Investment Research reports. William Blair analyst A. Klauber now expects that the company will post earnings of $1.74 per share for the year, up from their prior forecast of $1.72. William Blair also issued estimates for Palomar’s FY2021 earnings at $2.70 EPS.
Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.01). The firm had revenue of $30.10 million during the quarter, compared to the consensus estimate of $30.09 million.
Several other research firms have also issued reports on PLMR. SunTrust Banks boosted their target price on shares of Palomar to $50.00 and gave the company a “positive” rating in a report on Wednesday, November 6th. They noted that the move was a valuation call. Barclays boosted their price objective on Palomar from $30.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their target price on Palomar from $48.00 to $57.00 and gave the company an “outperform” rating in a research report on Sunday, December 8th. JMP Securities started coverage on Palomar in a report on Wednesday, October 16th. They issued an “outperform” rating and a $50.00 target price for the company. Finally, Zacks Investment Research lowered Palomar from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Palomar currently has an average rating of “Buy” and a consensus price target of $45.17.
Shares of NASDAQ PLMR opened at $51.98 on Thursday. Palomar has a 52-week low of $18.06 and a 52-week high of $56.75. The company’s 50 day moving average price is $50.72 and its 200-day moving average price is $37.14.
In other Palomar news, major shareholder Vi Gp Aiv Ltd. Genstar sold 787,500 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $35.04, for a total value of $27,594,000.00.
Several large investors have recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new stake in Palomar during the third quarter worth $39,000. Strs Ohio purchased a new stake in Palomar in the 2nd quarter valued at $36,000. JPMorgan Chase & Co. bought a new position in Palomar during the 2nd quarter valued at $39,000. LPL Financial LLC bought a new position in Palomar during the 2nd quarter valued at $203,000. Finally, Parallel Advisors LLC bought a new position in Palomar during the 3rd quarter valued at $350,000. 54.61% of the stock is currently owned by institutional investors.
