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

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 1,000 shares of Palomar stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $76.30, for a total value of $76,300.00. Following the completion of the transaction, the chief financial officer now owns 25,344 shares of the company’s stock, valued at approximately $1,933,747.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 14th, T Christopher Uchida sold 2,500 shares of Palomar stock. The shares were sold at an average price of $81.99, for a total value of $204,975.00.
• On Monday, March 11th, T Christopher Uchida sold 2,000 shares of Palomar stock. The shares were sold at an average price of $73.43, for a total value of $146,860.00.
• On Friday, February 16th, T Christopher Uchida sold 750 shares of Palomar stock. The shares were sold at an average price of $74.36, for a total value of $55,770.00.
• On Wednesday, February 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were sold at an average price of $59.45, for a total value of $59,450.00.
• On Wednesday, January 31st, T Christopher Uchida sold 381 shares of Palomar stock. The stock was sold at an average price of $59.19, for a total value of $22,551.39.
• On Saturday, January 27th, T Christopher Uchida sold 214 shares of Palomar stock. The stock was sold at an average price of $60.13, for a total value of $12,867.82.

Palomar Trading Up 1.1 %

Shares of NASDAQ PLMR opened at $77.77 on Friday. Palomar Holdings, Inc. has a twelve month low of $46.09 and a twelve month high of $86.25. The stock has a 50 day moving average of $76.59 and a two-hundred day moving average of $63.86. The stock has a market cap of $1.94 billion, a P/E ratio of 24.93 and a beta of 0.21.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $102.35 million during the quarter, compared to analysts’ expectations of $95.07 million. Palomar had a return on equity of 19.35% and a net margin of 21.07%. As a group, research analysts predict that Palomar Holdings, Inc. will post 3.84 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on PLMR. Evercore ISI boosted their target price on Palomar from $68.00 to $86.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Truist Financial boosted their target price on Palomar from $72.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, February 16th. Piper Sandler boosted their target price on Palomar from $80.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. JMP Securities restated a “market perform” rating on shares of Palomar in a research note on Monday. Finally, Keefe, Bruyette & Woods boosted their price objective on Palomar from $88.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Palomar currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund increased its holdings in shares of Palomar by 1.8% in the third quarter. New York State Common Retirement Fund now owns 10,099 shares of the company’s stock valued at $513,000 after purchasing an additional 182 shares during the period. Sei Investments Co. increased its holdings in shares of Palomar by 0.3% in the fourth quarter. Sei Investments Co. now owns 72,261 shares of the company’s stock valued at $4,011,000 after purchasing an additional 188 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Palomar by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 10,002 shares of the company’s stock valued at $581,000 after purchasing an additional 190 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Palomar by 3.8% in the second quarter. PNC Financial Services Group Inc. now owns 5,387 shares of the company’s stock valued at $313,000 after purchasing an additional 198 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in shares of Palomar by 5.3% in the third quarter. Handelsbanken Fonder AB now owns 4,210 shares of the company’s stock valued at $214,000 after purchasing an additional 210 shares during the period. 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.