Livforsakringsbolaget Skandia Omsesidigt Sells 2,800 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR)

Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in shares of Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) by 25.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the company's stock after selling 2,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Palomar were worth $886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Palomar during the 3rd quarter valued at $25,000. GAMMA Investing LLC boosted its stake in Palomar by 48.6% during the third quarter. GAMMA Investing LLC now owns 382 shares of the company's stock valued at $36,000 after buying an additional 125 shares during the period. Farther Finance Advisors LLC grew its position in Palomar by 490.9% during the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company's stock worth $43,000 after buying an additional 378 shares in the last quarter. Covestor Ltd increased its stake in Palomar by 20.2% in the 3rd quarter. Covestor Ltd now owns 1,076 shares of the company's stock worth $102,000 after acquiring an additional 181 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Palomar by 44.9% in the 4th quarter. KBC Group NV now owns 1,045 shares of the company's stock valued at $110,000 after acquiring an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company's stock.

Palomar Trading Up 0.6 %

Shares of PLMR stock traded up $0.70 during trading hours on Tuesday, hitting $110.32. 236,419 shares of the company's stock were exchanged, compared to its average volume of 137,823. The company has a market capitalization of $2.92 billion, a PE ratio of 26.20 and a beta of 0.38. Palomar Holdings, Inc. has a 12-month low of $59.08 and a 12-month high of $112.90. The business's 50 day simple moving average is $106.96 and its 200-day simple moving average is $100.32.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PLMR shares. JPMorgan Chase & Co. boosted their price objective on Palomar from $93.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Piper Sandler boosted their price target on shares of Palomar from $119.00 to $133.00 and gave the stock an "overweight" rating in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Palomar from $120.00 to $136.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Palomar presently has a consensus rating of "Moderate Buy" and a consensus target price of $115.50.

Insider Activity at Palomar

In other Palomar news, CFO T Christopher Uchida sold 1,030 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $110.85, for a total value of $114,175.50. Following the completion of the sale, the chief financial officer now owns 15,994 shares in the company, valued at approximately $1,772,934.90. The trade was a 6.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mac Armstrong sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $103.04, for a total transaction of $721,280.00. Following the completion of the transaction, the chief executive officer now owns 419,388 shares in the company, valued at $43,213,739.52. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,933 shares of company stock valued at $4,030,156. Insiders own 4.30% of the company's stock.

About Palomar

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.