Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 1,030 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 1,030 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $97.65, for a total transaction of $100,579.50. Following the transaction, the chief financial officer now owns 17,543 shares in the company, valued at approximately $1,713,073.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

T Christopher Uchida also recently made the following trade(s):

• On Friday, August 23rd, T Christopher Uchida sold 1,750 shares of Palomar stock. The shares were sold at an average price of $99.00, for a total transaction of $173,250.00.
• On Tuesday, August 6th, T Christopher Uchida sold 1,750 shares of Palomar stock. The shares were sold at an average price of $94.00, for a total transaction of $164,500.00.

Palomar Price Performance

PLMR opened at $98.02 on Thursday. The business has a fifty day simple moving average of $95.60 and a 200 day simple moving average of $87.66. Palomar Holdings, Inc. has a 1 year low of $48.08 and a 1 year high of $103.40. The company has a market capitalization of $2.44 billion, a PE ratio of 28.17 and a beta of 0.33.

Palomar (NASDAQ:PLMR) last announced its earnings results on Monday, August 5th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. Palomar had a net margin of 21.63% and a return on equity of 20.83%. The company had revenue of $123.08 million during the quarter, compared to analysts’ expectations of $338.74 million. During the same quarter in the previous year, the business posted $0.72 earnings per share. Palomar’s quarterly revenue was up 47.0% on a year-over-year basis. Equities analysts anticipate that Palomar Holdings, Inc. will post 4.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PLMR. Jefferies Financial Group boosted their price target on Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI boosted their target price on Palomar from $90.00 to $99.00 and gave the stock an “in-line” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on Palomar from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Truist Financial lifted their price objective on shares of Palomar from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Palomar from $96.00 to $113.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $105.50.

Institutional Trading of Palomar

A number of institutional investors have recently bought and sold shares of PLMR. Virtu Financial LLC acquired a new stake in shares of Palomar in the fourth quarter valued at approximately $338,000. Vanguard Group Inc. increased its stake in Palomar by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 2,363,067 shares of the company’s stock worth $131,150,000 after acquiring an additional 85,329 shares during the period. Quadrature Capital Ltd acquired a new position in Palomar in the 4th quarter valued at $493,000. Atwood & Palmer Inc. raised its holdings in Palomar by 66.7% in the 1st quarter. Atwood & Palmer Inc. now owns 750 shares of the company’s stock valued at $63,000 after acquiring an additional 300 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in shares of Palomar during the 1st quarter valued at $20,904,000. Institutional investors own 90.25% of the company’s stock.

Palomar Company Profile

Palomar Holdings, Inc, a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance.