Palomar Holdings, Inc. (NASDAQ:PLMR) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in shares of Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,739 shares of the company's stock after selling 5,234 shares during the period. Blair William & Co. IL owned approximately 0.62% of Palomar worth $12,638,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PLMR. Dimensional Fund Advisors LP increased its position in shares of Palomar by 15.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 508,870 shares of the company's stock valued at $41,295,000 after purchasing an additional 66,478 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Palomar by 4.5% during the 2nd quarter. WINTON GROUP Ltd now owns 13,679 shares of the company's stock valued at $1,110,000 after purchasing an additional 590 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Palomar by 22.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,870 shares of the company's stock valued at $2,505,000 after purchasing an additional 5,646 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Palomar by 73.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 4,872 shares of the company's stock valued at $395,000 after acquiring an additional 2,065 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Palomar by 9.3% in the 2nd quarter. Federated Hermes Inc. now owns 237,259 shares of the company's stock valued at $19,254,000 after acquiring an additional 20,143 shares during the last quarter. Institutional investors own 90.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on PLMR. Keefe, Bruyette & Woods raised their target price on shares of Palomar from $96.00 to $113.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 13th. JPMorgan Chase & Co. raised their target price on shares of Palomar from $88.00 to $91.00 and gave the company a "neutral" rating in a research note on Thursday, July 11th. Truist Financial lifted their price objective on shares of Palomar from $100.00 to $112.00 and gave the stock a "buy" rating in a research note on Thursday, August 8th. Piper Sandler raised their target price on shares of Palomar from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Finally, Evercore ISI raised their target price on shares of Palomar from $90.00 to $99.00 and gave the stock an "in-line" rating in a report on Tuesday, August 6th. 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $101.33.

Palomar Stock Down 0.4 %

Palomar stock traded down $0.43 during mid-day trading on Friday, hitting $96.31. The company had a trading volume of 110,716 shares, compared to its average volume of 163,360. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 27.66 and a beta of 0.34. Palomar Holdings, Inc. has a 1 year low of $48.08 and a 1 year high of $100.29. The business has a fifty day moving average of $93.36 and a 200 day moving average of $85.39.

Palomar (NASDAQ:PLMR - Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.16. The business had revenue of $123.08 million for the quarter, compared to analyst estimates of $338.74 million. Palomar had a net margin of 21.63% and a return on equity of 20.83%. The company's revenue for the quarter was up 47.0% compared to the same quarter last year. During the same period last year, the firm posted $0.72 earnings per share. Equities analysts anticipate that Palomar Holdings, Inc. will post 4.37 earnings per share for the current year.

Insider Transactions at Palomar

In related news, CEO Mac Armstrong sold 12,773 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $88.19, for a total transaction of $1,126,450.87. Following the completion of the sale, the chief executive officer now directly owns 59,309 shares of the company's stock, valued at $5,230,460.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Palomar news, CEO Mac Armstrong sold 12,773 shares of the firm's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $88.19, for a total value of $1,126,450.87. Following the completion of the sale, the chief executive officer now owns 59,309 shares of the company's stock, valued at $5,230,460.71. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas A. Bradley bought 1,000 shares of Palomar stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $89.42 per share, with a total value of $89,420.00. Following the acquisition, the director now owns 4,724 shares of the company's stock, valued at approximately $422,420.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 41,500 shares of company stock worth $3,795,836. Insiders own 4.30% of the company's stock.

Palomar 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.