Palomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells $83,190.00 in Stock

Palomar Holdings, Inc. (NASDAQ:PLMRGet Free Report) CFO T Christopher Uchida sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $83.19, for a total value of $83,190.00. Following the completion of the sale, the chief financial officer now owns 25,344 shares of the company’s stock, valued at $2,108,367.36. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Wednesday, April 17th, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $76.30, for a total transaction of $76,300.00.
  • On Thursday, March 14th, T Christopher Uchida sold 2,500 shares of Palomar stock. The shares were sold at an average price of $81.99, for a total value of $204,975.00.
  • On Monday, March 11th, T Christopher Uchida sold 2,000 shares of Palomar stock. The stock was sold at an average price of $73.43, for a total transaction of $146,860.00.
  • On Friday, February 16th, T Christopher Uchida sold 750 shares of Palomar stock. The shares were sold at an average price of $74.36, for a total value of $55,770.00.

Palomar Stock Up 2.1 %

PLMR stock opened at $87.10 on Friday. The firm has a 50 day moving average of $80.82 and a 200 day moving average of $68.46. The stock has a market capitalization of $2.17 billion, a PE ratio of 25.03 and a beta of 0.24. Palomar Holdings, Inc. has a 52 week low of $46.67 and a 52 week high of $88.00.

Palomar (NASDAQ:PLMRGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.28. The firm had revenue of $108.39 million during the quarter, compared to the consensus estimate of $322.10 million. Palomar had a return on equity of 19.94% and a net margin of 21.78%. The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. On average, equities research analysts expect that Palomar Holdings, Inc. will post 4.01 earnings per share for the current year.

Institutional Investors Weigh In On Palomar

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in Palomar by 59.4% during the fourth quarter. Signaturefd LLC now owns 593 shares of the company’s stock worth $33,000 after purchasing an additional 221 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Palomar by 137.1% during the first quarter. Advisors Asset Management Inc. now owns 735 shares of the company’s stock worth $62,000 after buying an additional 425 shares in the last quarter. 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 during the last quarter. Covestor Ltd increased its holdings in shares of Palomar by 29.0% in the first quarter. Covestor Ltd now owns 1,183 shares of the company’s stock valued at $99,000 after purchasing an additional 266 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Palomar in the 1st quarter worth $122,000. 90.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on PLMR shares. Truist Financial boosted their target price on shares of Palomar from $88.00 to $97.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Keefe, Bruyette & Woods lifted their target price on Palomar from $88.00 to $89.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lowered Palomar from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $79.00 to $85.00 in a report on Monday, April 8th. Piper Sandler increased their target price on shares of Palomar from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Finally, Jefferies Financial Group upgraded Palomar from a “hold” rating to a “buy” rating and lifted their price target for the company from $78.00 to $88.00 in a report on Thursday, March 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $89.17.

Read Our Latest Stock Report on Palomar

About Palomar

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Palomar (NASDAQ:PLMR)

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