Palomar (NASDAQ:PLMR) COO Rodolphe Herve Sells 1,207 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR) COO Rodolphe Herve sold 1,207 shares of the stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $135.35, for a total transaction of $163,367.45. Following the sale, the chief operating officer directly owned 3,548 shares of the company’s stock, valued at approximately $480,221.80. This trade represents a 25.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Palomar Trading Down 0.3%

NASDAQ PLMR opened at $136.11 on Wednesday. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 18.96 and a beta of 0.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. Palomar Holdings, Inc. has a one year low of $100.81 and a one year high of $147.62. The company’s 50 day moving average price is $125.19 and its 200 day moving average price is $123.58.

Palomar (NASDAQ:PLMR) last released its quarterly earnings data on Tuesday, August 4th. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.17. Palomar had a net margin of 20.11% and a return on equity of 22.62%. The company had revenue of $314.42 million during the quarter, compared to the consensus estimate of $621.52 million. During the same period in the previous year, the firm earned $1.76 earnings per share. On average, sell-side analysts predict that Palomar Holdings, Inc. will post 8.9 EPS for the current year.

Palomar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, August 19th. This represents a $1.80 annualized dividend and a dividend yield of 1.3%.

Analyst Upgrades and Downgrades

PLMR has been the subject of several recent research reports. Zacks Research downgraded Palomar from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Evercore set a $152.00 price objective on Palomar in a research note on Friday, July 10th. Keefe, Bruyette & Woods upped their target price on Palomar from $162.00 to $166.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Piper Sandler increased their target price on Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded Palomar from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Palomar presently has an average rating of “Moderate Buy” and an average price target of $162.50.

Palomar News Roundup

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Palomar reported second-quarter EPS of $2.36, exceeding analysts’ $2.19 consensus estimate by $0.17 and rising from $1.76 in the prior-year quarter. The company also posted a 22.62% return on equity and a 20.11% net margin. Palomar Holdings, Inc. Reports Second Quarter 2026 Results
• Neutral Sentiment: COO Rodolphe Herve sold 1,207 shares worth approximately $163,367. The filing said the transaction was intended to cover tax-withholding obligations tied to vested equity awards, making it less indicative of a bearish view on the company. Palomar insider transaction
• Negative Sentiment: Revenue was reported at $314.42 million, well below the approximately $621.5 million analyst expectation cited in the earnings coverage. Even with the EPS beat, the reported top-line miss could raise concerns about growth and operating performance. Palomar Q2 Earnings Snapshot
• Negative Sentiment: Zacks Research lowered its fiscal 2028 EPS estimate to $10.45 from $10.62 and maintained a “Hold” rating. The revision signals somewhat weaker longer-term earnings expectations, although the current-year consensus remains $8.90 per share. Palomar analyst estimate revision

Hedge Funds Weigh In On Palomar

Several institutional investors and hedge funds have recently made changes to their positions in PLMR. Geneos Wealth Management Inc. acquired a new stake in shares of Palomar during the fourth quarter worth approximately $32,000. Kestra Advisory Services LLC acquired a new stake in Palomar in the fourth quarter valued at $33,000. Rockefeller Capital Management L.P. raised its holdings in Palomar by 81.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock valued at $40,000 after acquiring an additional 132 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Palomar during the 4th quarter valued at $54,000. Finally, Parallel Advisors LLC boosted its stake in Palomar by 638.3% during the 1st quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock valued at $53,000 after acquiring an additional 383 shares during the last quarter. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

About Palomar

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.