Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) Director Thomas A. Bradley acquired 1,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $84.32 per share, for a total transaction of $84,320.00. Following the purchase, the director now directly owns 2,500 shares of the company’s stock, valued at $210,800. The transaction was disclosed in a filing with the SEC, which is available through this link.
Palomar Stock Down 0.4 %
PLMR stock traded down $0.35 during mid-day trading on Wednesday, reaching $84.76. The company had a trading volume of 101,600 shares, compared to its average volume of 161,487. Palomar Holdings, Inc. has a one year low of $46.09 and a one year high of $86.25. The stock has a market capitalization of $2.11 billion, a P/E ratio of 24.46 and a beta of 0.24. The stock’s 50-day simple moving average is $79.24 and its two-hundred day simple moving average is $66.76.
Palomar (NASDAQ:PLMR – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.28. Palomar had a net margin of 21.78% and a return on equity of 19.94%. The firm had revenue of $108.39 million for the quarter, compared to the consensus estimate of $322.10 million. During the same period last year, the firm posted $0.80 EPS. Palomar’s quarterly revenue was up 29.1% compared to the same quarter last year. On average, research analysts forecast that Palomar Holdings, Inc. will post 3.84 EPS for the current fiscal year.
Hedge Funds Weigh In On Palomar
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on PLMR shares. Evercore ISI boosted their price target on Palomar from $68.00 to $86.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods boosted their target price on shares of Palomar from $88.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. JMP Securities restated a “market perform” rating on shares of Palomar in a research report on Monday, April 15th. JPMorgan Chase & Co. downgraded shares of Palomar from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $79.00 to $85.00 in a research report on Monday, April 8th. Finally, Jefferies Financial Group raised shares of Palomar from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $88.00 in a report on Thursday, March 14th. Three equities research 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, Palomar currently has an average rating of “Moderate Buy” and a consensus price target of $89.17.
View Our Latest Stock Analysis on Palomar
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.
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