Jonathan Knutzen Sells 282 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) insider Jonathan Knutzen sold 282 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $104.46, for a total value of $29,457.72. Following the completion of the transaction, the insider now directly owns 20,098 shares of the company's stock, valued at approximately $2,099,437.08. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Palomar Stock Performance

Shares of PLMR stock traded down $0.81 during mid-day trading on Friday, reaching $109.92. 127,182 shares of the company's stock traded hands, compared to its average volume of 121,840. The firm has a market capitalization of $2.91 billion, a PE ratio of 26.11 and a beta of 0.38. Palomar Holdings, Inc. has a 12 month low of $58.77 and a 12 month high of $112.90. The firm has a 50 day moving average price of $106.95 and a two-hundred day moving average price of $100.04.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. purchased a new stake in Palomar in the 3rd quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in shares of Palomar in the fourth quarter worth $26,000. GAMMA Investing LLC raised its position in shares of Palomar by 48.6% during the 3rd quarter. GAMMA Investing LLC now owns 382 shares of the company's stock valued at $36,000 after purchasing an additional 125 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Palomar by 490.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock valued at $43,000 after buying an additional 378 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Palomar by 536.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 414 shares of the company's stock worth $43,000 after buying an additional 349 shares during the period. Institutional investors own 90.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLMR shares. JPMorgan Chase & Co. boosted their price objective on shares of Palomar from $93.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Piper Sandler boosted their target price on shares of Palomar from $119.00 to $133.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price target on Palomar from $120.00 to $136.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

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.