T Christopher Uchida Sells 500 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 500 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $153.04, for a total transaction of $76,520.00. Following the sale, the chief financial officer now owns 7,672 shares in the company, valued at approximately $1,174,122.88. The trade was a 6.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, April 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were sold at an average price of $150.24, for a total value of $150,240.00.
• 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 shares were 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 stock was 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 shares were 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 shares were 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 stock was sold at an average price of $109.65, for a total value of $112,939.50.

Palomar Price Performance

NASDAQ:PLMR opened at $149.79 on Friday. The firm has a market capitalization of $4.00 billion, a PE ratio of 33.44 and a beta of 0.46. The business’s fifty day moving average price is $132.55 and its 200 day moving average price is $113.44. Palomar Holdings, Inc. has a 12 month low of $77.17 and a 12 month high of $155.87.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.37 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Palomar Holdings, Inc. will post 5.99 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on PLMR. Truist Financial raised their price target on shares of Palomar from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods decreased their price objective 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. JMP Securities reiterated a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. JPMorgan Chase & Co. raised shares of 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. Finally, Piper Sandler boosted their price objective on Palomar from $133.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Palomar has an average rating of “Moderate Buy” and a consensus price target of $148.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PLMR. Dakota Wealth Management raised its holdings in shares of Palomar by 3.1% in the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock valued at $324,000 after buying an additional 92 shares during the last quarter. Farther Finance Advisors LLC increased its position in Palomar by 21.8% in the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company’s stock valued at $58,000 after acquiring an additional 99 shares during the period. State of Alaska Department of Revenue raised its stake in Palomar by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 15,042 shares of the company’s stock valued at $1,588,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Palomar by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,352,000 after acquiring an additional 100 shares during the period. Finally, Avantax Advisory Services Inc. grew its stake in shares of Palomar by 2.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,837 shares of the company’s stock valued at $616,000 after purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

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.