Palomar Holdings, Inc. (NASDAQ:PLMR) President Jon Christianson Sells 478 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) President Jon Christianson sold 478 shares of the business's stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $108.34, for a total transaction of $51,786.52. Following the sale, the president now directly owns 56,619 shares in the company, valued at $6,134,102.46. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Jon Christianson also recently made the following trade(s):

• On Friday, January 31st, Jon Christianson sold 356 shares of Palomar stock. The shares were sold at an average price of $104.51, for a total value of $37,205.56.
• On Sunday, January 26th, Jon Christianson sold 371 shares of Palomar stock. The stock was 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 stock was sold at an average price of $104.10, for a total transaction of $228,499.50.

Palomar Trading Down 0.3 %

NASDAQ:PLMR traded down $0.29 during trading hours on Tuesday, reaching $106.74. The company had a trading volume of 106,533 shares, compared to its average volume of 131,602. The firm's 50 day moving average price is $106.89 and its 200-day moving average price is $99.63. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 25.35 and a beta of 0.38. Palomar Holdings, Inc. has a 52 week low of $57.55 and a 52 week high of $112.90.

Palomar (NASDAQ:PLMR - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.20. The company had revenue of $148.50 million during the quarter, compared to analysts' expectations of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same quarter in the prior year, the business earned $0.80 earnings per share. On average, analysts forecast that Palomar Holdings, Inc. will post 4.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PLMR. JPMorgan Chase & Co. lifted their target price on shares of Palomar from $93.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Piper Sandler upped their price objective on Palomar from $119.00 to $133.00 and gave the company an "overweight" rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods increased their target price on Palomar from $120.00 to $136.00 and gave the company an "outperform" rating in a research note on Friday, December 6th. Finally, Jefferies Financial Group boosted their price target on Palomar from $110.00 to $113.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $115.50.

Institutional Investors Weigh In On Palomar

A number of large investors have recently made changes to their positions in PLMR. Point72 Asset Management L.P. bought a new position in Palomar in the 3rd quarter worth $10,994,000. Soros Fund Management LLC purchased a new stake in Palomar in the third quarter worth about $9,467,000. Westfield Capital Management Co. LP raised its stake 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 during the period. Artemis Investment Management LLP raised its stake in shares of Palomar by 18.7% in the fourth quarter. Artemis Investment Management LLP now owns 455,082 shares of the company's stock worth $48,052,000 after buying an additional 71,806 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Palomar by 9,367.0% during the 3rd quarter. International Assets Investment Management LLC now owns 57,654 shares of the company's stock valued at $5,458,000 after buying an additional 57,045 shares in 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.