Palomar Holdings, Inc.
In the published model solve dated 2026-Q2, anchored at $133.86, Palomar Holdings, Inc. (PLMR) is priced for 24.1% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- An insurer is worth the return it earns on its capital, so Palomar is read on price-to-book, not an operating multiple. At about $112 the stock trades near 3.1 times book, which inverts to the market assuming an elite-tier return on equity (roughly the 17.4% ceiling, equivalent to about 20.9% held in perpetuity) sustained for an extraordinarily long stretch. - The recent returns back the assumption: trailing ROE around 20.9%, an adjusted ROE of 27% in Q1 2026, and a 76% adjusted combined ratio
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330 institutional managers reported holding PLMR in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 48%. 47 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 993k shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (4.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PLMR's share count grew 4.3% over the past five years even with $117.09M spent on repurchases. It pays no dividend. Cash returned over the past three years: $67.11M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at PLMR over the trailing three years: 2024: 3 buys totaling $285k; 2025: 3 buys totaling $133k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
PLMR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -4.0% | -14.6% |
| 2023-11-03 | +12.6% | +2.7% |
| 2024-02-24 | +23.9% | +5.0% |
| 2024-05-04 | +2.3% | +2.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
PLMR's latest 8-K filings: 2026-08-11 (items 7.01, 9.01); 2026-08-04 (items 2.02, 8.01); 2026-05-29 (items 7.01, 8.01, 9.01); 2026-05-26 (items 5.02, 5.07, 7.01); 2026-05-06 (items 2.02, 8.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.