Palomar Holdings Inc (NASDAQ:PLMR) President Sells $430,800.00 in Stock

Palomar Holdings Inc (NASDAQ:PLMR) President Heath A. Fisher sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $86.16, for a total value of $430,800.00. Following the transaction, the president now owns 20,000 shares of the company’s stock, valued at $1,723,200. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ PLMR opened at $82.30 on Friday. Palomar Holdings Inc has a 1-year low of $26.49 and a 1-year high of $94.78. The business’s fifty day moving average price is $83.90 and its two-hundred day moving average price is $62.33. The firm has a market capitalization of $2.00 billion, a PE ratio of 53.44 and a beta of -0.10.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Palomar during the first quarter valued at $28,000. Duncker Streett & Co. Inc. bought a new position in Palomar during the second quarter valued at about $43,000. Great West Life Assurance Co. Can bought a new position in Palomar during the fourth quarter valued at about $37,000. US Bancorp DE boosted its stake in Palomar by 61.0% during the first 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 first quarter valued at about $70,000. 80.20% of the stock is currently owned by institutional investors.

PLMR has been the subject of several research analyst reports. Zacks Investment Research upgraded Palomar from a “sell” rating to a “hold” rating and set a $91.00 target price for the company in a research note on Wednesday. BidaskClub lowered Palomar from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 15th. Piper Sandler upped their price target on Palomar from $64.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Keefe, Bruyette & Woods upped their price target on Palomar from $69.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Finally, JPMorgan Chase & Co. upped their price target on Palomar from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $71.00.

Palomar Company Profile

There is no company description available for Palomar Holdings Inc

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