Axa S.A. Has $21.74 Million Holdings in Palomar Holdings, Inc. (NASDAQ:PLMR)

AXA S.A. raised its stake in Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 267,876 shares of the company's stock after buying an additional 39,498 shares during the quarter. AXA S.A. owned about 1.07% of Palomar worth $21,738,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of Palomar in the second quarter worth $49,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Palomar in the first quarter worth $59,000. Advisors Asset Management Inc. lifted its position in shares of Palomar by 137.1% in the first quarter. Advisors Asset Management Inc. now owns 735 shares of the company's stock worth $62,000 after purchasing an additional 425 shares in the last quarter. Atwood & Palmer Inc. lifted its position in shares of Palomar by 66.7% in the first quarter. Atwood & Palmer Inc. now owns 750 shares of the company's stock worth $63,000 after purchasing an additional 300 shares in the last quarter. Finally, Covestor Ltd raised its position in Palomar by 29.0% during the first quarter. Covestor Ltd now owns 1,183 shares of the company's stock worth $99,000 after acquiring an additional 266 shares in the last quarter. Institutional investors own 90.25% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on PLMR shares. Piper Sandler upped their price objective on shares of Palomar from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Truist Financial upped their price target on shares of Palomar from $100.00 to $112.00 and gave the company a "buy" rating in a research note on Thursday, August 8th. JPMorgan Chase & Co. upped their price target 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. Evercore ISI upped their price target on shares of Palomar from $90.00 to $99.00 and gave the company an "in-line" rating in a research note on Tuesday, August 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Palomar from $96.00 to $113.00 and gave the company an "outperform" rating in a research note on Tuesday, August 13th. Three 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $101.33.

Insider Transactions at Palomar

In other news, CFO T Christopher Uchida sold 1,750 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $99.00, for a total value of $173,250.00. Following the completion of the transaction, the chief financial officer now owns 20,594 shares of the company's stock, valued at $2,038,806. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO T Christopher Uchida sold 1,750 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $99.00, for a total value of $173,250.00. Following the completion of the transaction, the chief financial officer now owns 20,594 shares of the company's stock, valued at $2,038,806. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mac Armstrong sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $95.49, for a total transaction of $668,430.00. Following the completion of the transaction, the chief executive officer now owns 440,388 shares of the company's stock, valued at approximately $42,052,650.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,500 shares of company stock valued at $4,464,266. 4.30% of the stock is currently owned by insiders.

Palomar Price Performance

PLMR traded down $0.45 on Friday, hitting $94.82. 118,123 shares of the stock were exchanged, compared to its average volume of 165,648. Palomar Holdings, Inc. has a 12 month low of $48.08 and a 12 month high of $100.29. The business has a 50-day moving average of $94.00 and a two-hundred day moving average of $86.15. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 27.34 and a beta of 0.34.

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

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.