Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 1,000 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 1,000 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $139.00, for a total transaction of $139,000.00. Following the sale, the chief financial officer now owns 10,172 shares of the company's stock, valued at approximately $1,413,908. This represents a 8.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 transaction 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 value of $54,928.38.
• On Sunday, January 26th, T Christopher Uchida sold 394 shares of Palomar stock. The stock was 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 value of $91,463.04.

Palomar Trading Up 2.3 %

Shares of NASDAQ PLMR traded up $3.18 on Wednesday, reaching $141.72. 269,080 shares of the company traded hands, compared to its average volume of 172,000. The stock has a market capitalization of $3.78 billion, a PE ratio of 31.63 and a beta of 0.33. The company has a 50 day moving average of $122.05 and a 200 day moving average of $108.85. Palomar Holdings, Inc. has a fifty-two week low of $74.09 and a fifty-two week high of $142.26.

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Palomar (NASDAQ:PLMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.37 earnings per share (EPS) 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, research analysts expect that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PLMR shares. Piper Sandler boosted their target price on shares of Palomar from $133.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of Palomar in a research report on Thursday, February 13th. Truist Financial raised their price target on Palomar from $112.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Palomar from $152.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $127.83.

Institutional Trading of Palomar

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. bought a new stake in shares of Palomar during the fourth quarter valued at approximately $26,000. Smartleaf Asset Management LLC boosted its position in shares of Palomar by 536.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 414 shares of the company's stock valued at $43,000 after purchasing an additional 349 shares during the period. Jones Financial Companies Lllp lifted its stake in Palomar by 63.2% in the 4th quarter. Jones Financial Companies Lllp now owns 493 shares of the company's stock worth $52,000 after acquiring an additional 191 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Palomar by 21.8% in the fourth quarter. Farther Finance Advisors LLC now owns 554 shares of the company's stock worth $58,000 after acquiring an additional 99 shares during the last quarter. Finally, KBC Group NV grew its position in Palomar by 44.9% in the fourth quarter. KBC Group NV now owns 1,045 shares of the company's stock worth $110,000 after acquiring an additional 324 shares in the last quarter. 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.