Palomar Holdings, Inc. (NASDAQ:PLMR) President Sells $37,205.56 in Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) President Jon Christianson sold 356 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $104.51, for a total value of $37,205.56. Following the transaction, the president now owns 57,259 shares in the company, valued at approximately $5,984,138.09. This represents a 0.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jon Christianson also recently made the following trade(s):

• On Wednesday, January 29th, Jon Christianson sold 478 shares of Palomar stock. The stock was sold at an average price of $108.34, for a total value of $51,786.52.
• On Sunday, January 26th, Jon Christianson sold 371 shares of Palomar stock. The shares were sold at an average price of $101.69, for a total value of $37,726.99.
• On Wednesday, January 1st, Jon Christianson sold 819 shares of Palomar stock. The stock was sold at an average price of $105.86, for a total value of $86,699.34.
• On Monday, November 11th, Jon Christianson sold 2,195 shares of Palomar stock. The shares were sold at an average price of $104.10, for a total value of $228,499.50.

Palomar Trading Down 0.3 %

NASDAQ:PLMR traded down $0.29 on Tuesday, hitting $106.74. The company’s stock had a trading volume of 106,533 shares, compared to its average volume of 131,602. Palomar Holdings, Inc. has a one year low of $57.55 and a one year high of $112.90. The stock has a fifty day moving average of $106.89 and a two-hundred day moving average of $99.63. The firm has a market capitalization of $2.83 billion, a P/E ratio of 25.35 and a beta of 0.38.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $148.50 million for 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 business posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Palomar Holdings, Inc. will post 4.33 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Palomar

A number of large investors have recently modified their holdings of the business. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Palomar in the 3rd quarter valued at $25,000. Blue Trust Inc. acquired a new stake in shares of Palomar in the 4th quarter valued at about $26,000. GAMMA Investing LLC boosted its stake in Palomar by 48.6% during the 3rd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock valued at $36,000 after purchasing an additional 125 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Palomar by 490.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $43,000 after buying an additional 378 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Palomar by 20.2% during the 3rd quarter. Covestor Ltd now owns 1,076 shares of the company’s stock worth $102,000 after buying an additional 181 shares in 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.