T Christopher Uchida Sells 1,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 1,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $150.24, for a total value of $150,240.00. Following the completion of the transaction, the chief financial officer now directly owns 8,172 shares in the company, valued at approximately $1,227,761.28. This represents a 10.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 16th, T Christopher Uchida sold 500 shares of Palomar stock. The shares were sold at an average price of $153.04, for a total transaction of $76,520.00.
• On Wednesday, April 9th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were sold at an average price of $144.00, for a total transaction of $144,000.00.
• On Monday, March 31st, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $139.00, for a total transaction of $139,000.00.
• On Tuesday, February 18th, T Christopher Uchida sold 552 shares of Palomar stock. The shares were sold at an average price of $123.26, for a total value of $68,039.52.
• On Friday, January 31st, T Christopher Uchida sold 390 shares of Palomar stock. The shares were sold at an average price of $104.47, for a total value of $40,743.30.
• On Wednesday, January 29th, T Christopher Uchida sold 507 shares of Palomar stock. The stock was sold at an average price of $108.34, for a total value of $54,928.38.
• On Sunday, January 26th, T Christopher Uchida sold 394 shares of Palomar stock. The stock was 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 shares were sold at an average price of $109.65, for a total transaction of $112,939.50.

Palomar Stock Performance

NASDAQ:PLMR traded down $0.65 during mid-day trading on Friday, reaching $149.79. The stock had a trading volume of 178,223 shares, compared to its average volume of 184,777. Palomar Holdings, Inc. has a one year low of $77.17 and a one year high of $155.87. The firm has a 50 day moving average price of $132.55 and a two-hundred day moving average price of $113.57. The stock has a market capitalization of $4.00 billion, a P/E ratio of 33.44 and a beta of 0.46.

Palomar (NASDAQ:PLMR - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. Research analysts forecast that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.

Institutional Investors Weigh In On Palomar

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Palomar by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,574,923 shares of the company's stock valued at $271,886,000 after purchasing an additional 53,123 shares during the last quarter. State Street Corp boosted its position in Palomar by 3.0% during the 3rd quarter. State Street Corp now owns 1,097,702 shares of the company's stock valued at $103,919,000 after buying an additional 32,151 shares during the period. American Century Companies Inc. grew its holdings in Palomar by 36.6% in the 4th quarter. American Century Companies Inc. now owns 785,419 shares of the company's stock worth $82,932,000 after acquiring an additional 210,523 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Palomar by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 618,840 shares of the company's stock valued at $65,358,000 after acquiring an additional 18,748 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Palomar by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 561,740 shares of the company's stock worth $59,313,000 after purchasing an additional 17,320 shares during the period. 90.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PLMR shares. Keefe, Bruyette & Woods lowered their target price on shares of Palomar from $155.00 to $145.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. JPMorgan Chase & Co. upgraded Palomar from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $115.00 to $150.00 in a research note on Tuesday, April 8th. Truist Financial upped their price target on Palomar from $150.00 to $178.00 and gave the company a "buy" rating in a research report on Tuesday, April 15th. Piper Sandler raised their price objective on shares of Palomar from $133.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group boosted their price objective on shares of Palomar from $145.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $148.33.

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.