Keefe, Bruyette & Woods Reaffirms Outperform Rating for Palomar Holdings and Increases Price Target to $170
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2025
0mins
Should l Buy PLMR?
Source: Benzinga
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Analyst Views on PLMR
Wall Street analysts forecast PLMR stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 127.010
Low
155.00
Averages
164.67
High
171.00
Current: 127.010
Low
155.00
Averages
164.67
High
171.00
About PLMR
Palomar Holdings, Inc. is an insurance holding company. The Company provides property and casualty insurance products to individuals and businesses. It serves residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. It distributes its products through multiple channels, including retail agents, program administrators, wholesale brokers, and partnerships with other insurance companies. It offers residential and commercial earthquake products on an admitted and excess and surplus lines (E&S) basis. Its residential earthquake products insure against home damage, contents, appurtenant structures, and temporary housing costs following an earthquake. Its commercial earthquake products focus on providing coverage for benign commercial risks. Its Inland Marine and Other Property products include Inland Marine, Hawaii Hurricane, Commercial All Risk, Excess National Property, Residential Flood, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Palomar Holdings Q4 Earnings Exceed Expectations
- Strong Performance: Palomar Holdings reported a Q4 non-GAAP EPS of $2.24, beating expectations by $0.15, which highlights the company's robust market performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $253.36 million, representing a 62.7% year-over-year increase and exceeding market expectations by $48.78 million, reflecting strong business expansion and demand recovery.
- Positive 2026 Outlook: Palomar anticipates adjusted net income for 2026 to range between $260 million and $275 million, despite expected catastrophe losses of $8 million to $12 million, indicating confidence in future growth.
- Favorable Market Reaction: Following the earnings beat, Palomar Holdings may experience positive market performance, as investor optimism regarding its latest acquisition potential further solidifies its position in the industry.
See More
Palomar Holdings Set to Announce Q4 Earnings with Strong Estimates
- Earnings Announcement Date: Palomar Holdings is set to release its Q4 earnings on February 11th after market close, with a consensus EPS estimate of $2.09, reflecting a 37.5% year-over-year increase, indicating sustained profitability that could positively impact stock prices.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $204.58 million, representing a 40.5% year-over-year growth, which underscores the company's competitive position and business expansion capabilities, likely attracting more investor interest.
- Historical Performance Record: Over the past two years, Palomar has consistently beaten EPS and revenue estimates 100% of the time, which not only boosts market confidence in its financial stability but also sets a solid foundation for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and two downward adjustments, while revenue estimates experienced two upward and one downward revision, reflecting analysts' optimistic outlook on the company's future performance, potentially driving stock prices higher.
See More
BCP Successfully Sells Gray Surety Company
- Successful Transaction: BCP announced the successful closing of the sale of Gray Surety, marking another important milestone in its disciplined investment and value-creation strategy, showcasing its robust performance in the private equity sector.
- Significant Growth: Since BCP's investment in Gray Surety in 2021, the company has achieved substantial growth, expanded its national presence, and enhanced its reputation as a trusted surety partner to contractors, reflecting the effectiveness of BCP's operational approach in driving business expansion.
- Elevated Industry Position: As one of the top 50 surety carriers in the U.S., Gray Surety has solidified its leadership position in the midsized and emerging contractor market, operating with licenses in all 50 states and through 13 regional offices, demonstrating strong market competitiveness.
- Future Development Outlook: The President of Gray Surety expressed excitement about the partnership with Palomar Holdings, indicating that the company will continue to leverage BCP's support to drive business growth, suggesting ongoing expansion of its market influence under new collaboration.
See More
Palomar Holdings Announces Q4 and Full Year 2025 Earnings Release Date
- Earnings Release Schedule: Palomar Holdings will release its Q4 and full year 2025 results after market close on February 11, 2026, providing insights into the company's annual performance and future outlook, which may influence investor confidence.
- Conference Call Timing: The company will host a conference call at 12:00 p.m. (Eastern Time) on February 12, 2026, accessible by dialing 1-877-423-9813, aimed at offering financial data interpretation and a Q&A session to enhance transparency.
- Replay Information: A replay of the conference call will be available starting at 4:00 p.m. on February 12, 2026, accessible by dialing 1-844-512-2921, and will remain available until February 19, ensuring that investors who cannot participate live can still access the information.
- Online Webcast: Investors can also listen to a simultaneous webcast of the conference call via the investor relations section of the company's website, further expanding the information dissemination channels and enhancing interaction between the company and its investors.
See More
BCP Completes Sale of Gray Surety to Palomar Holdings
- Successful Transaction: BCP has successfully closed the sale of Gray Surety, marking another important milestone in its disciplined investment and value-creation strategy, showcasing its strong execution in the private equity sector.
- Investment Returns: Since BCP's investment in 2021, Gray Surety has achieved significant growth, expanded its national presence, and established itself as a trusted surety partner for contractors, further solidifying its market position.
- Industry Impact: As a surety carrier licensed in all 50 states, Gray Surety specializes in providing contract bonds to midsized and emerging contractors, enhancing BCP's influence in the services and infrastructure sector.
- Future Outlook: The President of Gray Surety noted that BCP's operational support has helped scale the business, and the company looks forward to continuing growth with Palomar Holdings, indicating a strong market outlook.
See More
Palomar Holdings CEO Sells $645,000 in Shares
- Executive Share Movement: On January 21, 2026, Palomar Holdings CEO Mac Armstrong indirectly sold 5,000 shares for approximately $645,000, representing 1.15% of his total ownership, reflecting confidence in market liquidity management.
- Transaction Context: This sale aligns with Armstrong's historical selling pattern, having executed similar 5,000-share sales periodically since January 2025, indicating a stable outlook on the company's stock price.
- Company Financial Overview: Palomar Holdings reported $778.36 million in revenue and $175.87 million in net income over the trailing twelve months, demonstrating strong performance in the specialty property and casualty insurance market, despite an 8% drop in stock price last month.
- Investor Outlook: Despite recent stock fluctuations, Wall Street remains bullish on Palomar, anticipating that the increasing frequency of natural disasters will drive long-term growth in the specialty insurance market, thereby bolstering investor confidence.
See More
Palomar Holdings Q4 Earnings Exceed Expectations
- Strong Performance: Palomar Holdings reported a Q4 non-GAAP EPS of $2.24, beating expectations by $0.15, which highlights the company's robust market performance and boosts investor confidence.
- Significant Revenue Growth: The company achieved Q4 revenue of $253.36 million, representing a 62.7% year-over-year increase and exceeding market expectations by $48.78 million, reflecting strong business expansion and demand recovery.
- Positive 2026 Outlook: Palomar anticipates adjusted net income for 2026 to range between $260 million and $275 million, despite expected catastrophe losses of $8 million to $12 million, indicating confidence in future growth.
- Favorable Market Reaction: Following the earnings beat, Palomar Holdings may experience positive market performance, as investor optimism regarding its latest acquisition potential further solidifies its position in the industry.
See More
Palomar Holdings Set to Announce Q4 Earnings with Strong Estimates
- Earnings Announcement Date: Palomar Holdings is set to release its Q4 earnings on February 11th after market close, with a consensus EPS estimate of $2.09, reflecting a 37.5% year-over-year increase, indicating sustained profitability that could positively impact stock prices.
- Revenue Growth Expectations: The anticipated revenue for Q4 is $204.58 million, representing a 40.5% year-over-year growth, which underscores the company's competitive position and business expansion capabilities, likely attracting more investor interest.
- Historical Performance Record: Over the past two years, Palomar has consistently beaten EPS and revenue estimates 100% of the time, which not only boosts market confidence in its financial stability but also sets a solid foundation for future performance.
- Estimate Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and two downward adjustments, while revenue estimates experienced two upward and one downward revision, reflecting analysts' optimistic outlook on the company's future performance, potentially driving stock prices higher.
See More
BCP Successfully Sells Gray Surety Company
- Successful Transaction: BCP announced the successful closing of the sale of Gray Surety, marking another important milestone in its disciplined investment and value-creation strategy, showcasing its robust performance in the private equity sector.
- Significant Growth: Since BCP's investment in Gray Surety in 2021, the company has achieved substantial growth, expanded its national presence, and enhanced its reputation as a trusted surety partner to contractors, reflecting the effectiveness of BCP's operational approach in driving business expansion.
- Elevated Industry Position: As one of the top 50 surety carriers in the U.S., Gray Surety has solidified its leadership position in the midsized and emerging contractor market, operating with licenses in all 50 states and through 13 regional offices, demonstrating strong market competitiveness.
- Future Development Outlook: The President of Gray Surety expressed excitement about the partnership with Palomar Holdings, indicating that the company will continue to leverage BCP's support to drive business growth, suggesting ongoing expansion of its market influence under new collaboration.
See More
Palomar Holdings Announces Q4 and Full Year 2025 Earnings Release Date
- Earnings Release Schedule: Palomar Holdings will release its Q4 and full year 2025 results after market close on February 11, 2026, providing insights into the company's annual performance and future outlook, which may influence investor confidence.
- Conference Call Timing: The company will host a conference call at 12:00 p.m. (Eastern Time) on February 12, 2026, accessible by dialing 1-877-423-9813, aimed at offering financial data interpretation and a Q&A session to enhance transparency.
- Replay Information: A replay of the conference call will be available starting at 4:00 p.m. on February 12, 2026, accessible by dialing 1-844-512-2921, and will remain available until February 19, ensuring that investors who cannot participate live can still access the information.
- Online Webcast: Investors can also listen to a simultaneous webcast of the conference call via the investor relations section of the company's website, further expanding the information dissemination channels and enhancing interaction between the company and its investors.
See More
BCP Completes Sale of Gray Surety to Palomar Holdings
- Successful Transaction: BCP has successfully closed the sale of Gray Surety, marking another important milestone in its disciplined investment and value-creation strategy, showcasing its strong execution in the private equity sector.
- Investment Returns: Since BCP's investment in 2021, Gray Surety has achieved significant growth, expanded its national presence, and established itself as a trusted surety partner for contractors, further solidifying its market position.
- Industry Impact: As a surety carrier licensed in all 50 states, Gray Surety specializes in providing contract bonds to midsized and emerging contractors, enhancing BCP's influence in the services and infrastructure sector.
- Future Outlook: The President of Gray Surety noted that BCP's operational support has helped scale the business, and the company looks forward to continuing growth with Palomar Holdings, indicating a strong market outlook.
See More
Palomar Holdings CEO Sells $645,000 in Shares
- Executive Share Movement: On January 21, 2026, Palomar Holdings CEO Mac Armstrong indirectly sold 5,000 shares for approximately $645,000, representing 1.15% of his total ownership, reflecting confidence in market liquidity management.
- Transaction Context: This sale aligns with Armstrong's historical selling pattern, having executed similar 5,000-share sales periodically since January 2025, indicating a stable outlook on the company's stock price.
- Company Financial Overview: Palomar Holdings reported $778.36 million in revenue and $175.87 million in net income over the trailing twelve months, demonstrating strong performance in the specialty property and casualty insurance market, despite an 8% drop in stock price last month.
- Investor Outlook: Despite recent stock fluctuations, Wall Street remains bullish on Palomar, anticipating that the increasing frequency of natural disasters will drive long-term growth in the specialty insurance market, thereby bolstering investor confidence.
See More
