Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 500 Shares of Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 500 shares of the company’s stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $153.04, for a total transaction of $76,520.00. Following the transaction, the chief financial officer now owns 7,672 shares of the company’s stock, valued at approximately $1,174,122.88. The trade was a 6.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, April 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $150.24, for a total transaction of $150,240.00.
• On Wednesday, April 9th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were sold at an average price of $144.00, for a total value of $144,000.00.
• On Monday, March 31st, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $139.00, for a total value of $139,000.00.
• On Tuesday, February 18th, T Christopher Uchida sold 552 shares of Palomar stock. The shares were sold at an average price of $123.26, for a total value of $68,039.52.
• On Friday, January 31st, T Christopher Uchida sold 390 shares of Palomar stock. The stock was sold at an average price of $104.47, for a total value of $40,743.30.
• On Wednesday, January 29th, T Christopher Uchida sold 507 shares of Palomar stock. The stock was sold at an average price of $108.34, for a total transaction 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 transaction 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 transaction of $112,939.50.

Palomar Stock Down 0.4 %

NASDAQ PLMR opened at $149.79 on Friday. Palomar Holdings, Inc. has a fifty-two week low of $76.20 and a fifty-two week high of $155.87. The business has a fifty day moving average of $131.76 and a 200-day moving average of $113.05. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 33.44 and a beta of 0.46.

Palomar (NASDAQ:PLMR) last announced its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. As a group, analysts anticipate that Palomar Holdings, Inc. will post 5.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PLMR shares. Keefe, Bruyette & Woods reduced their price target on shares of Palomar from $155.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised Palomar from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $115.00 to $150.00 in a report on Tuesday, April 8th. Truist Financial upped their target price on Palomar from $150.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a research note on Thursday, February 13th. Finally, Piper Sandler increased their price objective on shares of Palomar from $133.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.33.

Hedge Funds Weigh In On Palomar

Institutional investors and hedge funds have recently modified their holdings of the company. Dakota Wealth Management raised its holdings in Palomar by 3.1% in the 4th quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock valued at $324,000 after acquiring an additional 92 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Palomar by 21.8% in the fourth quarter. Farther Finance Advisors LLC now owns 554 shares of the company’s stock valued at $58,000 after purchasing an additional 99 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Palomar by 0.7% during the fourth quarter. State of Alaska Department of Revenue now owns 15,042 shares of the company’s stock worth $1,588,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System lifted its position in Palomar by 0.8% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,352,000 after buying an additional 100 shares during the period. Finally, Avantax Advisory Services Inc. boosted its stake in Palomar by 2.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,837 shares of the company’s stock worth $616,000 after buying an additional 145 shares during the last quarter. Hedge funds and other institutional investors 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.