T Christopher Uchida Sells 390 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 390 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $104.47, for a total value of $40,743.30. Following the completion of the sale, the chief financial officer now owns 18,509 shares in the company, valued at $1,933,635.23. This represents a 2.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, January 29th, T Christopher Uchida sold 507 shares of Palomar stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $105.86, for a total value of $91,463.04.
• On Wednesday, December 18th, T Christopher Uchida sold 1,030 shares of Palomar stock. The stock was sold at an average price of $110.85, for a total value of $114,175.50.
• On Monday, November 11th, T Christopher Uchida sold 1,111 shares of Palomar stock. The stock was sold at an average price of $104.00, for a total value of $115,544.00.

Palomar Stock Down 0.7 %

Shares of PLMR stock traded down $0.81 during trading hours on Friday, reaching $109.92. The company's stock had a trading volume of 127,182 shares, compared to its average volume of 121,840. Palomar Holdings, Inc. has a fifty-two week low of $58.77 and a fifty-two week high of $112.90. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 26.11 and a beta of 0.38. The firm's 50 day simple moving average is $106.95 and its 200-day simple moving average is $100.04.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PLMR. JPMorgan Chase & Co. increased their price target on Palomar from $93.00 to $100.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Piper Sandler increased their price target on Palomar from $119.00 to $133.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price target on Palomar from $120.00 to $136.00 and gave the stock an "outperform" rating in a research report on Friday, December 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Palomar currently has a consensus rating of "Moderate Buy" and an average target price of $115.50.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Blue Trust Inc. bought a new position in shares of Palomar in the 4th quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. bought a new position in Palomar during the 3rd quarter worth $25,000. GAMMA Investing LLC raised its position in Palomar by 48.6% during the 3rd quarter. GAMMA Investing LLC now owns 382 shares of the company's stock worth $36,000 after purchasing an additional 125 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Palomar by 536.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 414 shares of the company's stock worth $43,000 after purchasing an additional 349 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Palomar by 490.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock worth $43,000 after purchasing an additional 378 shares during the last quarter. 90.25% of the stock is currently owned by institutional investors.

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.