Insider Selling: Palomar Holdings Inc (NASDAQ:PLMR) CFO Sells $50,826.00 in Stock

Palomar Holdings Inc (NASDAQ:PLMR) CFO T Christopher Uchida sold 600 shares of the business’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $84.71, for a total transaction of $50,826.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Monday, June 22nd, T Christopher Uchida sold 600 shares of Palomar stock. The shares were sold at an average price of $82.81, for a total value of $49,686.00.
  • On Friday, May 22nd, T Christopher Uchida sold 600 shares of Palomar stock. The stock was sold at an average price of $61.24, for a total value of $36,744.00.

NASDAQ:PLMR opened at $82.30 on Friday. Palomar Holdings Inc has a one year low of $26.49 and a one year high of $94.78. The company has a market cap of $2.00 billion, a P/E ratio of 53.44 and a beta of -0.10. The firm’s fifty day moving average price is $83.90 and its two-hundred day moving average price is $62.33.

Palomar (NASDAQ:PLMR) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Palomar had a net margin of 28.53% and a return on equity of 18.64%. The company had revenue of $38.02 million during the quarter, compared to analysts’ expectations of $35.72 million. During the same quarter last year, the company posted $0.52 EPS. On average, equities research analysts expect that Palomar Holdings Inc will post 2.07 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Palomar in the first quarter valued at approximately $28,000. Great West Life Assurance Co. Can bought a new stake in Palomar in the 4th quarter valued at $37,000. Duncker Streett & Co. Inc. bought a new stake in Palomar in the 2nd quarter valued at $43,000. US Bancorp DE grew its holdings in Palomar by 61.0% in the 1st quarter. US Bancorp DE now owns 810 shares of the company’s stock valued at $47,000 after buying an additional 307 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Palomar during the 1st quarter worth $70,000. Institutional investors own 80.20% of the company’s stock.

A number of research analysts have weighed in on PLMR shares. Zacks Investment Research upgraded Palomar from a “sell” rating to a “hold” rating and set a $91.00 price target for the company in a research note on Wednesday. BidaskClub downgraded shares of Palomar from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. increased their price target on shares of Palomar from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Palomar from $69.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, Piper Sandler boosted their price objective on shares of Palomar from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.00.

Palomar Company Profile

There is no company description available for Palomar Holdings Inc

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