Palomar (PLMR)
Specialty insurer spanning earthquake, property, casualty, crop, and surety coverage.
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Underwrites specialty property and casualty insurance across earthquake, inland marine and property, casualty, crop, and surety and credit, earning premiums in admitted and excess-and-surplus markets. U.S.-focused distribution spans agents, brokers, program administrators, and carrier partners, while catastrophe exposure and reinsurance remain central to the model.
Underwrites specialty property and casualty coverage for individuals and businesses across earthquake, inland marine and property, casualty, crop, and surety and credit. Policies reach customers through retail agents, program administrators, wholesale brokers, and carrier partnerships in both admitted and excess-and-surplus markets. Granular risk selection, customized pricing, modest net limits, and extensive reinsurance support expansion into underserved niches.
Operates across the United States, with California still the largest premium source and a major catastrophe and regulatory exposure. Earthquake anchors the portfolio, while crop and surety broaden it beyond catastrophe-sensitive property; fronting continues for existing partners but is no longer a standalone growth category. Results depend on underwriting discipline, reinsurance availability and recoverability, distribution relationships, and state insurance regulation, while federally subsidized crop pricing is set by the government.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | Piper Sandler | Reiterate | Rating: —Target: $119 | Target: $165 |
| Jul 10, 2026 | Evercore ISI | Target | Target: $134 | Target: $152 |
| Oct 1, 2025 | Evercore ISI | Target | Target: $89 | Target: $134 |
| Apr 8, 2025 | JP Morgan | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.57B · Total debt $295.8M · Total assets $3.96B · Shareholders' equity $980.9M
- Revenue
- $314.4M
- Operating income
- $69.8M
- Net income
- $52.6M
HistoryDividendAnnual yield
| Institutions | 94.24% | 24.80M shares | |
|---|---|---|---|
| 351 holders · as of Jun 30, 2026 | |||
| Insiders | 7.92% | 2.08M shares | |
| 14 holders · as of Sep 22, 2026 | |||
| Adds to | 102.16% | ||
26.32M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 102.16%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.73% | 4.40M | as of Jun 30, 2026 |
AmundiInsider | 5.29% | 1.39M | filed Feb 14, 2022 |
Vanguard Portfolio Management LLCInstitution | 4.69% | 1.23M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.53% | 1.19M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.27% | 1.12M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 21, 2026 | Mac Armstrong | director, officer: CEO and Chairman | −3,500 | $134.98 |
| Sep 2, 2026 | Daryl Bradley | director | +1 | $131.96 |
| Aug 21, 2026 | Mac Armstrong | director, officer: CEO and Chairman | −3,500 | $130.60 |
| Aug 18, 2026 | Jon Christianson | officer: President | −528 | $127.75 |
| Aug 18, 2026 | T. Christopher Uchida | officer: Chief Financial Officer | −791 | $127.74 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Palomar | $130.53 | −0.77% | $3.49B | 17.7 | 12.1 | 3.2 | +210.1% |
| Kinsale Capital Group | $348.94 | −0.82% | $8.01B | 14.3 | 16.6 | 4.0 | −3.7% |
| Arch Capital Group | $95.32 | +0.39% | $33.17B | 7.4 | 10.1 | 1.7 | −22.3% |
| Skyward Specialty | $55.66 | −0.45% | $2.27B | 13.0 | 10.7 | 1.4 | +130.9% |
| HCI Group | $178.33 | −1.05% | $2.30B | 7.4 | 8.7 | 2.4 | +11.2% |
| Heritage Insurance | $33.61 | +0.33% | $1.01B | 4.8 | 6.7 | 1.3 | +3.0% |
| Universal Insurance | $43.16 | +0.30% | $1.20B | 5.7 | 10.0 | 0.7 | +55.3% |
| James River Group | $3.67 | −2.01% | $172.9M | 10.7 | 4.0 | 0.3 | −20.5% |
| Median | 7.4 | 10.0 | 1.4 | +3.0% |