Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 390 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 390 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $104.47, for a total value of $40,743.30. Following the completion of the transaction, the chief financial officer now owns 18,509 shares of the company’s stock, valued at $1,933,635.23. The trade was a 2.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, January 29th, T Christopher Uchida sold 507 shares of Palomar stock. The shares were sold at an average price of $108.34, for a total value of $54,928.38.
• On Sunday, January 26th, T Christopher Uchida sold 394 shares of Palomar stock. The shares were sold at an average price of $101.69, for a total value of $40,065.86.
• On Wednesday, January 22nd, T Christopher Uchida sold 1,030 shares of Palomar stock. The stock was sold at an average price of $109.65, for a total value of $112,939.50.
• On Wednesday, January 1st, T Christopher Uchida sold 864 shares of Palomar stock. The stock was sold at an average price of $105.86, for a total transaction of $91,463.04.
• On Wednesday, December 18th, T Christopher Uchida sold 1,030 shares of Palomar stock. The shares were sold at an average price of $110.85, for a total transaction of $114,175.50.
• On Monday, November 11th, T Christopher Uchida sold 1,111 shares of Palomar stock. The stock was sold at an average price of $104.00, for a total transaction of $115,544.00.

Palomar Trading Down 0.3 %

Shares of NASDAQ PLMR opened at $106.74 on Wednesday. The business’s 50 day moving average is $106.89 and its 200-day moving average is $99.63. The firm has a market cap of $2.83 billion, a P/E ratio of 25.35 and a beta of 0.38. Palomar Holdings, Inc. has a 1-year low of $57.55 and a 1-year high of $112.90.

Palomar (NASDAQ:PLMR) last posted its earnings results on Monday, November 4th. The company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The company had revenue of $148.50 million during the quarter, compared to the consensus estimate of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same quarter last year, the firm earned $0.80 earnings per share. Analysts forecast that Palomar Holdings, Inc. will post 4.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLMR. Piper Sandler lifted their price target on Palomar from $119.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. JPMorgan Chase & Co. lifted their target price on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on Palomar from $120.00 to $136.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group upped their price objective on shares of Palomar from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Palomar has an average rating of “Moderate Buy” and an average price target of $115.50.

Institutional Trading of Palomar

Several hedge funds and other institutional investors have recently bought and sold shares of PLMR. Hussman Strategic Advisors Inc. bought a new position in shares of Palomar during the fourth quarter worth approximately $443,000. Handelsbanken Fonder AB grew its holdings in shares of Palomar by 2.2% during the 4th quarter. Handelsbanken Fonder AB now owns 244,602 shares of the company’s stock worth $25,828,000 after purchasing an additional 5,335 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Palomar by 7.1% in the fourth quarter. New York State Common Retirement Fund now owns 15,177 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,000 shares during the period. Peregrine Capital Management LLC lifted its position in Palomar by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 91,650 shares of the company’s stock worth $9,677,000 after purchasing an additional 1,645 shares during the period. Finally, Principal Financial Group Inc. grew its stake in Palomar by 5.6% during the fourth quarter. Principal Financial Group Inc. now owns 147,540 shares of the company’s stock worth $15,579,000 after buying an additional 7,875 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

Palomar Company Profile

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.