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Palomar Holdings Announces Share Repurchase Program

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Palomar Holdings Announces Share Repurchase Program

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Palomar Holdings ( (PLMR) ) has provided an announcement.

Palomar Holdings, Inc. reported significant financial growth in the second quarter of 2025, with net income rising to $46.5 million from $25.7 million in the same quarter of 2024. The company’s gross written premiums increased by 28.8% to $496.3 million, and the adjusted net income saw a 51.8% rise. The Board of Directors also approved a share repurchase program effective July 31, 2025, authorizing the buyback of up to $150 million of its outstanding shares by July 31, 2027. This move is expected to enhance shareholder value and reflects confidence in the company’s financial health and future prospects.

The most recent analyst rating on (PLMR) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Palomar Holdings stock, see the PLMR Stock Forecast page.

Spark’s Take on PLMR Stock

According to Spark, TipRanks’ AI Analyst, PLMR is a Outperform.

Palomar Holdings exhibits strong financial and technical performance with significant revenue growth and a bullish technical outlook. These positive factors are slightly offset by a high P/E ratio and the challenges discussed in the earnings call, such as the impact of wildfires on the California insurance market. Overall, the company’s strategic growth initiatives and strong equity position underpin a solid stock performance outlook.

To see Spark’s full report on PLMR stock, click here.

More about Palomar Holdings

Palomar Holdings, Inc. is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Other Property, Casualty, Fronting, and Crop. The company operates through its subsidiaries, including Palomar Specialty Insurance Company, Palomar Specialty Reinsurance Company Bermuda Ltd., and Palomar Excess and Surplus Insurance Company, all of which have strong financial strength ratings from A.M. Best.

Average Trading Volume: 313,016

Technical Sentiment Signal: Buy

Current Market Cap: $3.47B

For an in-depth examination of PLMR stock, go to TipRanks’ Overview page.

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