JPMorgan cuts target to USD 156.00 for Palomar Holdings stock

Published on 10/17/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 54.70 percent to USD 314.40 million in the second quarter. Palomar Holdings stock last at USD 139.59 on October 16, 2026, 1.44 percent up on Nasdaq.

Target cut shapes valuation

JPMorgan lowered its Palomar Holdings target from USD 167.00 to USD 156.00 on October 9, 2026.
Revenue rose 54.70 percent to USD 314.40 million in the second quarter of 2026.
Palomar Holdings stock last stood at USD 139.59 at Nasdaq on October 16, 2026, 1.44 percent above the Nasdaq prior close.
Palomar Holdings had a market capitalization of USD 3.7 billion and a P/E ratio of 18.76 on October 16, 2026.

PLMR, US69753M1053, Illustration mit AI erstellt.

JPMorgan lowered its Palomar Holdings target from USD 167.00 to USD 156.00 on October 9, 2026, while keeping an Overweight rating, according to Markets Insider. The new target stood 11.76 percent above the USD 139.59 Nasdaq closing price from October 16, 2026.

Second-quarter revenue comparison

Palomar reported USD 314.40 million in revenue for the second quarter of 2026, up 54.70 percent from the year-earlier period. The figure exceeded analysts' expectations by 5.00 percent, according to The Globe and Mail. The same report said adjusted earnings per share grew 34.00 percent year over year and the adjusted combined ratio was 77.00 percent.

Price position on Nasdaq

The Nasdaq closing price of USD 139.59 on October 16, 2026 was USD 1.98 above the prior close of USD 137.61, a gain of 1.44 percent. It stood 5.44 percent below the 52-week high of USD 147.62 and 37.48 percent above the 52-week low of USD 100.81. Trading volume was 246,899 shares against an average of 229,028.

Valuation and next date

Palomar's market capitalization was USD 3.7 billion and its P/E ratio was 18.76 on October 16, 2026. The company pays no dividend yield in the quoted market data. Palomar is estimated to report third-quarter 2026 results on November 5, 2026, after the market closes, with a conference call scheduled for November 6, 2026, according to MarketBeat.

Comparison with peers

PLMR (Nasdaq, USD): plus 1.44 percent, P/E 18.76, market capitalization USD 3.7 billion.

Kinsale Capital Group (NYSE, USD): plus 2.17 percent, P/E 14.80, market capitalization USD 8.3 billion.

RenaissanceRe Holdings (NYSE, USD): plus 2.00 percent, P/E 6.00, market capitalization USD 14.6 billion.

Closing price and market frame

Palomar Holdings combines specialty property and casualty insurance with earthquake, inland marine, crop, surety and credit coverage, serving markets that standard carriers may underserve. The investor question is whether the second-quarter growth rate can support the valuation after JPMorgan's target reduction.

The last Nasdaq price was USD 139.59 on October 16, 2026 at 4:00 p.m. ET, 1.44 percent above the Nasdaq prior close. The further course of trading is shown by the continuously updated real-time quote of Palomar Holdings stock.