Palomar Holdings, Inc. (NASDAQ:PLMR) Insider Angela L. Grant Sells 394 Shares

Palomar Holdings, Inc. (NASDAQ:PLMRGet Free Report) insider Angela L. Grant sold 394 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $108.34, for a total transaction of $42,685.96. Following the sale, the insider now owns 4,485 shares in the company, valued at approximately $485,904.90. The trade was a 8.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Palomar Price Performance

NASDAQ:PLMR traded up $0.43 during trading hours on Friday, hitting $107.87. The company’s stock had a trading volume of 129,015 shares, compared to its average volume of 133,406. The stock has a fifty day simple moving average of $106.94 and a 200-day simple moving average of $99.27. The company has a market capitalization of $2.86 billion, a P/E ratio of 25.62 and a beta of 0.38. Palomar Holdings, Inc. has a twelve month low of $57.55 and a twelve month high of $112.90.

Palomar (NASDAQ:PLMRGet Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. The company had revenue of $148.50 million during the quarter, compared to the consensus estimate of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, equities analysts predict that Palomar Holdings, Inc. will post 4.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price objective on shares of Palomar from $120.00 to $136.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. Piper Sandler boosted their price target on Palomar from $119.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Jefferies Financial Group increased their target price on shares of Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $115.50.

Read Our Latest Analysis on Palomar

Institutional Investors Weigh In On Palomar

A number of institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Palomar by 3.0% in the third quarter. State Street Corp now owns 1,097,702 shares of the company’s stock worth $103,919,000 after acquiring an additional 32,151 shares during the period. Geode Capital Management LLC lifted its position in shares of Palomar by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 600,092 shares of the company’s stock worth $56,822,000 after purchasing an additional 18,335 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Palomar by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 128,165 shares of the company’s stock valued at $12,133,000 after purchasing an additional 11,140 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Palomar by 58.7% during the third quarter. Thrivent Financial for Lutherans now owns 32,837 shares of the company’s stock worth $3,109,000 after buying an additional 12,147 shares during the period. Finally, HighTower Advisors LLC bought a new position in Palomar during the third quarter worth $1,711,000. Institutional investors own 90.25% of the company’s stock.

About Palomar

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Palomar (NASDAQ:PLMR)

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