Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 507 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 507 shares of the company's stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $108.34, for a total value of $54,928.38. Following the transaction, the chief financial officer now directly owns 17,845 shares in the company, valued at $1,933,327.30. The trade was a 2.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, January 31st, T Christopher Uchida sold 390 shares of Palomar stock. The stock was sold at an average price of $104.47, for a total transaction of $40,743.30.
• 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 transaction of $40,065.86.
• On Wednesday, January 22nd, T Christopher Uchida sold 1,030 shares of Palomar stock. The stock was 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 shares were sold at an average price of $104.00, for a total value of $115,544.00.

Palomar Trading Down 0.3 %

Shares of PLMR stock traded down $0.29 during trading hours on Tuesday, hitting $106.74. 106,533 shares of the company were exchanged, compared to its average volume of 131,602. Palomar Holdings, Inc. has a 52-week low of $57.55 and a 52-week high of $112.90. The firm has a fifty day simple moving average of $106.89 and a 200 day simple moving average of $99.63. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 25.35 and a beta of 0.38.

Palomar (NASDAQ:PLMR - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The firm had revenue of $148.50 million for the quarter, compared to analyst estimates of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same period in the previous year, the company posted $0.80 earnings per share. Sell-side analysts anticipate that Palomar Holdings, Inc. will post 4.33 EPS for the current year.

Institutional Investors Weigh In On Palomar

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLMR. State Street Corp boosted its holdings in shares of Palomar by 3.0% in the third quarter. State Street Corp now owns 1,097,702 shares of the company's stock worth $103,919,000 after acquiring an additional 32,151 shares during the period. Geode Capital Management LLC boosted its stake in Palomar by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 600,092 shares of the company's stock worth $56,822,000 after purchasing an additional 18,335 shares during the period. Artemis Investment Management LLP grew its holdings in Palomar by 18.7% during the 4th quarter. Artemis Investment Management LLP now owns 455,082 shares of the company's stock valued at $48,052,000 after buying an additional 71,806 shares in the last quarter. Emerald Advisers LLC increased its position in shares of Palomar by 1.9% during the third quarter. Emerald Advisers LLC now owns 449,973 shares of the company's stock valued at $42,599,000 after buying an additional 8,601 shares during the period. Finally, Westfield Capital Management Co. LP lifted its holdings in shares of Palomar by 24.5% in the third quarter. Westfield Capital Management Co. LP now owns 394,408 shares of the company's stock worth $37,339,000 after buying an additional 77,552 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLMR. Jefferies Financial Group raised their price target on shares of Palomar from $110.00 to $113.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their target price on Palomar from $120.00 to $136.00 and gave the stock an "outperform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Palomar from $93.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. Finally, Piper Sandler lifted their price target on Palomar from $119.00 to $133.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.