Palomar (PLMR) Projected to Post Quarterly Earnings on Wednesday

Palomar (NASDAQ:PLMR - Get Free Report) is projected to post its quarterly earnings results after the market closes on Wednesday, February 12th. Analysts expect Palomar to post earnings of $1.24 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Palomar Trading Down 0.7 %

Shares of PLMR traded down $0.81 during mid-day trading on Friday, hitting $109.92. The company's stock had a trading volume of 127,182 shares, compared to its average volume of 121,840. The firm has a 50-day simple moving average of $106.95 and a 200 day simple moving average of $100.04. The firm has a market capitalization of $2.91 billion, a P/E ratio of 26.11 and a beta of 0.38. Palomar has a 1-year low of $58.77 and a 1-year high of $112.90.

Analysts Set New Price Targets

Several research firms have recently commented on PLMR. Piper Sandler lifted their price objective on Palomar from $119.00 to $133.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Keefe, Bruyette & Woods lifted their price objective on Palomar from $120.00 to $136.00 and gave the stock an "outperform" rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $115.50.

Insiders Place Their Bets

In other Palomar news, insider Jonathan Knutzen sold 282 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $104.46, for a total transaction of $29,457.72. Following the completion of the transaction, the insider now owns 20,098 shares of the company's stock, valued at approximately $2,099,437.08. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mac Armstrong sold 7,000 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $103.04, for a total value of $721,280.00. Following the transaction, the chief executive officer now directly owns 419,388 shares of the company's stock, valued at $43,213,739.52. The trade was a 1.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,239 shares of company stock valued at $4,374,199. Corporate 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.