Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) CEO Mac Armstrong sold 2,237 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $104.50, for a total transaction of $233,766.50. Following the completion of the transaction, the chief executive officer now directly owns 67,011 shares in the company, valued at $7,002,649.50. This represents a 3.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Mac Armstrong also recently made the following trade(s):
- On Wednesday, January 29th, Mac Armstrong sold 2,444 shares of Palomar stock. The shares were sold at an average price of $108.34, for a total transaction of $264,782.96.
- On Sunday, January 26th, Mac Armstrong sold 2,791 shares of Palomar stock. The shares were sold at an average price of $101.69, for a total transaction of $283,816.79.
- On Tuesday, January 21st, Mac Armstrong sold 7,000 shares of Palomar stock. The stock was sold at an average price of $109.76, for a total transaction of $768,320.00.
- On Wednesday, January 15th, Mac Armstrong sold 3,154 shares of Palomar stock. The stock was sold at an average price of $109.27, for a total transaction of $344,637.58.
- On Wednesday, January 1st, Mac Armstrong sold 4,170 shares of Palomar stock. The stock was sold at an average price of $105.86, for a total transaction of $441,436.20.
- On Monday, December 23rd, Mac Armstrong sold 7,000 shares of Palomar stock. The stock was sold at an average price of $103.04, for a total transaction of $721,280.00.
Palomar Stock Performance
PLMR stock opened at $106.74 on Wednesday. Palomar Holdings, Inc. has a one year low of $57.55 and a one year high of $112.90. The firm’s 50 day moving average price is $106.89 and its 200-day moving average price is $99.63. The firm has a market cap of $2.83 billion, a PE ratio of 25.35 and a beta of 0.38.
Institutional Trading of Palomar
Several institutional investors have recently added to or reduced their stakes in the stock. Hussman Strategic Advisors Inc. acquired a new stake in Palomar in the 4th quarter valued at approximately $443,000. Handelsbanken Fonder AB increased its holdings in Palomar by 2.2% in the 4th quarter. Handelsbanken Fonder AB now owns 244,602 shares of the company’s stock valued at $25,828,000 after purchasing an additional 5,335 shares during the last quarter. New York State Common Retirement Fund increased its holdings in Palomar by 7.1% in the 4th quarter. New York State Common Retirement Fund now owns 15,177 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,000 shares during the last quarter. Peregrine Capital Management LLC increased its holdings in Palomar by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 91,650 shares of the company’s stock valued at $9,677,000 after purchasing an additional 1,645 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Palomar by 5.6% in the 4th quarter. Principal Financial Group Inc. now owns 147,540 shares of the company’s stock valued at $15,579,000 after purchasing an additional 7,875 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Piper Sandler raised their target price on shares of Palomar from $119.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their target price on shares of Palomar from $120.00 to $136.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. Jefferies Financial Group lifted their price target on shares of Palomar from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Palomar from $93.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Palomar presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.
Read Our Latest Stock Report on PLMR
About Palomar
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.
Recommended Stories
- Five stocks we like better than Palomar
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- Pros And Cons Of Monthly Dividend Stocks
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- What to Know About Investing in Penny Stocks
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
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.