Palomar Holdings, Inc. · Property and casualty insurance

PLMR

Low riskNext report: Around Nov 5 (est.)

View price ↗

The short version

A high-quality, profitable business with growing sales.

Going well

Sales up 55% in the latest quarter vs a year ago
Profitable every year for 9 years
Sales up 58% last year

Money moves

Insiders sold $484K in the last 30 days, all through pre-planned sales
Institutions cut 1.6% from their holdings in the quarter ending June 2026 (168 bought, 158 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$141.05-0.6% that day

Company value: $3.7B; Share price times all shares
Price vs profit (P/E): 19.0x; You pay about $19 for each $1 of yearly profit
Price vs sales: 3.4x; Company value is 3.4 times a year of sales
Cash vs value: 2%; Cash as a share of company value

From PLMR's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$314.4M+55% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $1.1B, up 60% from the 12 months before. Over 5 years, sales grew about 39% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of PLMR. Starting points are the company's recent numbers.

Sales growth+30% a yearRecently: +60% a yearProfit margin19%Last 12 months: 18.6%P/E at the end19xToday: 19.0x. Many steady companies trade at 12x to 25xShare count change+2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$4.1B

Profit in 5 years$770M

Price these guesses point to$503.45+257% vs $141.05 todayAbout +29% a year, before dividends

What today's price needs: with a 19% margin and a 19x P/E, sales would have to grow about 0.8% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.23.6%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.22.5%
PassProfitable every yearSteady profits, not one good year.9 of 9 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$409.0M
MissShare count not growingNot diluting owners. Falling means buybacks.+6.5% in 3 years

Revenue: $876.0M; +58.2% vs prior year
5-year growth: +39.1%/yr; revenue, per year
Total debt: None; 0.00x equity
Free cash flow: $409.0M; 46.7% of revenue

From annual reports filed with the SEC. Gross margin doesn't apply to banks and insurers, so it isn't scored. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jun 30, 2026

Reported Aug 4

Revenue: $314.4M; +54.7% YoY
EPS: $1.94; vs $1.68
Free cash flow: $166.8M
Share count: -2.1%; vs a year ago

Insider rating

Last 90 days

46Mixed

Pre-planned sales of $484K (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

63/ 100

This week: 2
Normal week: 1.2
vs normal: 1.7x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Steady-1.6%

Institutions cut 1.6% from their holdings. 168 bought, 158 sold.

Shares held by institutions24.4M

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

+2.1%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.3x · $295.8M debt

Shares outstandingLatest reported

26M

Earnings reports

Last 12

Next reportAround Nov 5 (est.)Estimated from the same quarter last year

Results filedAug 4
Results filedMay 6
Results filedFeb 11
Results filedNov 6, 2025
Results filedAug 4, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

No offerings, red flags or new big holders. Clean record.

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$484K1 insider, 1 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Mac ArmstrongCEO and Chairman	Sell	4K	$138.31	$484K	315K	Oct 21Filing ↗
-1.1% of their holdings $137.60 to $139.25 across 3 trades Held via Armstrong Family Trust Pre-planned sale (10b5-1) Also Director Filed 1 day after