Hunter Associates Investment Management LLC raised its position in Palomar Holdings, Inc. (NASDAQ:PLMR – Free Report) by 24.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,667 shares of the company’s stock after buying an additional 2,272 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Palomar were worth $590,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of PLMR. UBS Group AG raised its holdings in shares of Palomar by 7,440.0% during the 3rd quarter. UBS Group AG now owns 377 shares of the company’s stock worth $32,000 after buying an additional 372 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in Palomar during the second quarter worth about $25,000. Lazard Asset Management LLC bought a new position in shares of Palomar in the first quarter worth about $55,000. FMR LLC boosted its stake in shares of Palomar by 89.9% in the 1st quarter. FMR LLC now owns 864 shares of the company’s stock valued at $48,000 after purchasing an additional 409 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in shares of Palomar by 34.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,470 shares of the company’s stock valued at $94,000 after purchasing an additional 374 shares in the last quarter. 88.33% of the stock is owned by institutional investors.
Insider Activity at Palomar
In other news, CEO Mac Armstrong sold 1,836 shares of Palomar stock in a transaction on Monday, January 1st. The shares were sold at an average price of $54.51, for a total transaction of $100,080.36. Following the transaction, the chief executive officer now owns 38,995 shares in the company, valued at $2,125,617.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Jon Christianson sold 423 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $60.13, for a total value of $25,434.99. Following the sale, the president now directly owns 70,612 shares in the company, valued at $4,245,899.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mac Armstrong sold 1,836 shares of the firm’s stock in a transaction that occurred on Monday, January 1st. The stock was sold at an average price of $54.51, for a total transaction of $100,080.36. Following the transaction, the chief executive officer now owns 38,995 shares of the company’s stock, valued at approximately $2,125,617.45. The disclosure for this sale can be found here. Insiders sold a total of 16,866 shares of company stock worth $1,000,425 in the last quarter. 4.40% of the stock is owned by insiders.
Palomar Trading Up 1.9 %
Analyst Ratings Changes
Separately, TheStreet raised shares of Palomar from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.20.
Palomar Holdings, Inc, an insurance holding 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.
- Five stocks we like better than Palomar
- How Technical Indicators Can Help You Find Oversold Stocks
- Uber quadruples EPS estimates, but is growth decelerating?
- How to Invest in Cybersecurity
- 3 stocks set to benefit from record Valentine’s Day spending
- What is the Euro STOXX 50 Index?
- Tradeweb is a disruptive pure play on financial market liquidity
Receive News & Ratings for Palomar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palomar and related companies with MarketBeat.com's FREE daily email newsletter.