Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) President Jon Christianson sold 356 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $104.51, for a total value of $37,205.56. Following the sale, the president now owns 57,259 shares of the company's stock, valued at approximately $5,984,138.09. The trade was a 0.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jon Christianson also recently made the following trade(s):
- On Wednesday, January 29th, Jon Christianson sold 478 shares of Palomar stock. The shares were sold at an average price of $108.34, for a total value of $51,786.52.
- On Sunday, January 26th, Jon Christianson sold 371 shares of Palomar stock. The shares were sold at an average price of $101.69, for a total value of $37,726.99.
- On Wednesday, January 1st, Jon Christianson sold 819 shares of Palomar stock. The shares were sold at an average price of $105.86, for a total value of $86,699.34.
- On Monday, November 11th, Jon Christianson sold 2,195 shares of Palomar stock. The shares were sold at an average price of $104.10, for a total value of $228,499.50.
Palomar Stock Down 0.7 %
Palomar stock traded down $0.81 during trading on Friday, hitting $109.92. The stock had a trading volume of 127,182 shares, compared to its average volume of 121,840. Palomar Holdings, Inc. has a 1 year low of $58.77 and a 1 year high of $112.90. The stock's 50 day moving average is $106.95 and its two-hundred day moving average is $100.04. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 26.11 and a beta of 0.38.
Analyst Ratings Changes
A number of equities analysts have issued reports on PLMR shares. Keefe, Bruyette & Woods lifted their price target on Palomar from $120.00 to $136.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. lifted their price target on Palomar from $93.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Finally, Piper Sandler boosted their target price on Palomar from $119.00 to $133.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Palomar currently has a consensus rating of "Moderate Buy" and a consensus price target of $115.50.
Check Out Our Latest Stock Report on Palomar
Hedge Funds Weigh In On Palomar
Several institutional investors have recently bought and sold shares of the company. Point72 Asset Management L.P. purchased a new stake in shares of Palomar during the third quarter worth $10,994,000. Soros Fund Management LLC purchased a new stake in shares of Palomar during the third quarter worth $9,467,000. Westfield Capital Management Co. LP lifted its position in shares of Palomar by 24.5% during the third quarter. Westfield Capital Management Co. LP now owns 394,408 shares of the company's stock worth $37,339,000 after acquiring an additional 77,552 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Palomar by 18.7% during the fourth quarter. Artemis Investment Management LLP now owns 455,082 shares of the company's stock worth $48,052,000 after acquiring an additional 71,806 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Palomar by 9,367.0% during the third quarter. International Assets Investment Management LLC now owns 57,654 shares of the company's stock worth $5,458,000 after acquiring an additional 57,045 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company's stock.
About Palomar
(
Get Free Report)
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.
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