Palomar Holdings

PLMR · NASDAQ

$140.53+$2.70 (+1.96%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $137.83

PLMR analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 9 analysts

Average $150.41 (+7.0% upside)

Low: $73.50
Now: $140.53
High: $176.40

Upgrades and downgrades

The latest rating actions, newest first

PLMR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Oct 9, 2026	Maintains	Overweight	$167.00 → $156.00	81%
Keefe, Bruyette & Woods	Aug 11, 2026	Maintains	Outperform	$166.00 → $167.00	68%
JP Morgan	Jul 20, 2026	Maintains	Overweight	$150.00 → $167.00	81%
Piper Sandler	Jul 15, 2026	Maintains	Overweight	$132.00 → $165.00	73%
Keefe, Bruyette & Woods	Jul 8, 2026	Maintains	Outperform	$162.00 → $166.00	68%
JP Morgan	May 26, 2026	Maintains	Overweight	$160.00 → $150.00	81%
Keefe, Bruyette & Woods	May 13, 2026	Maintains	Outperform	$186.00 → $159.00	68%
Piper Sandler	May 11, 2026	Maintains	Overweight	$151.00 → $132.00	73%
Keefe, Bruyette & Woods	Apr 7, 2026	Maintains	Outperform	$183.00 → $186.00	68%
JP Morgan	Feb 23, 2026	Maintains	Overweight	$155.00 → $160.00	81%

The case for and against

Updated Jan 26, 2026

Bull case

Palomar Holdings Inc. is poised for a positive financial trajectory, with expectations of improving core loss ratios in the property and casualty insurance sector as pricing peaks translate into enhanced profitability. The company's strong performance indicators, including raised earnings per share (EPS) estimates for 2025, 2026, and 2027, highlight a potential for robust growth fueled by higher net-to-gross earned premium ratios and lower loss ratios. Furthermore, despite temporary challenges such as unusual loss ratios and cyclicality, the market is likely to recognize the company's underlying profitability, suggesting a favorable outlook for Palomar's stock performance.

Bear case

Palomar Holdings Inc. has recently experienced significant underperformance in its stock, primarily due to a slowdown in growth for its earthquake gross written premiums (GWP) and a higher-than-expected core loss ratio reported in the second quarter of 2025. Additionally, the company faces substantial risks, including potential decreases in reinsurance availability or increases in pricing, which could exacerbate financial challenges if catastrophe losses exceed conservatively modeled scenarios. Furthermore, a high level of ceded premiums related to its crop insurance segment results in a lower net-to-gross ratio, negatively impacting overall profitability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.