Palomar Holdings, Inc. (NASDAQ:PLMR) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in shares of Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) by 9,367.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 57,654 shares of the company's stock after acquiring an additional 57,045 shares during the quarter. International Assets Investment Management LLC owned 0.23% of Palomar worth $5,458,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Victory Capital Management Inc. boosted its stake in Palomar by 1,634.6% during the 2nd quarter. Victory Capital Management Inc. now owns 177,678 shares of the company's stock valued at $14,419,000 after acquiring an additional 167,435 shares during the last quarter. F M Investments LLC acquired a new position in Palomar in the second quarter worth about $11,946,000. Allspring Global Investments Holdings LLC increased its holdings in Palomar by 214.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 165,685 shares of the company's stock valued at $13,445,000 after buying an additional 112,996 shares during the last quarter. Artemis Investment Management LLP increased its holdings in Palomar by 36.1% in the second quarter. Artemis Investment Management LLP now owns 339,464 shares of the company's stock valued at $27,548,000 after buying an additional 90,010 shares during the last quarter. Finally, Atlas Capital Advisors LLC raised its stake in Palomar by 167.7% during the second quarter. Atlas Capital Advisors LLC now owns 137,284 shares of the company's stock valued at $11,141,000 after buying an additional 86,000 shares in the last quarter. Institutional investors and hedge funds own 90.25% of the company's stock.

Insider Transactions at Palomar

In other Palomar news, CEO Mac Armstrong sold 7,000 shares of the business's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $96.28, for a total transaction of $673,960.00. Following the sale, the chief executive officer now directly owns 433,388 shares in the company, valued at approximately $41,726,596.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, President Jon Christianson sold 10,000 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $94.40, for a total value of $944,000.00. Following the completion of the sale, the president now owns 51,926 shares in the company, valued at $4,901,814.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mac Armstrong sold 7,000 shares of the firm's stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $96.28, for a total value of $673,960.00. Following the transaction, the chief executive officer now directly owns 433,388 shares of the company's stock, valued at $41,726,596.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,520 shares of company stock valued at $3,626,486. 4.30% of the stock is currently owned by corporate insiders.

Palomar Trading Down 1.5 %

NASDAQ:PLMR traded down $1.39 during mid-day trading on Friday, hitting $88.38. The stock had a trading volume of 154,769 shares, compared to its average volume of 126,864. The company has a 50 day simple moving average of $95.65 and a 200-day simple moving average of $88.91. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 23.32 and a beta of 0.34. Palomar Holdings, Inc. has a 52 week low of $54.50 and a 52 week high of $103.40.

Palomar (NASDAQ:PLMR - Get Free Report) last issued its quarterly earnings data on Monday, August 5th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.16. Palomar had a return on equity of 20.83% and a net margin of 21.63%. The business had revenue of $123.08 million during the quarter, compared to the consensus estimate of $338.74 million. During the same period in the previous year, the firm posted $0.72 earnings per share. The business's revenue was up 47.0% on a year-over-year basis. As a group, equities research analysts anticipate that Palomar Holdings, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Piper Sandler boosted their price target on Palomar from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Truist Financial increased their target price on shares of Palomar from $100.00 to $112.00 and gave the stock a "buy" rating in a report on Thursday, August 8th. Jefferies Financial Group lifted their price target on shares of Palomar from $110.00 to $113.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Palomar from $96.00 to $113.00 and gave the company an "outperform" rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Palomar from $88.00 to $91.00 and gave the stock a "neutral" rating in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Palomar has a consensus rating of "Moderate Buy" and an average price target of $105.50.

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.