Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 552 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 552 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $123.26, for a total transaction of $68,039.52. Following the sale, the chief financial officer now owns 15,683 shares of the company’s stock, valued at $1,933,086.58. This represents a 3.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction 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 shares were sold at an average price of $109.65, for a total transaction of $112,939.50.
• On Wednesday, January 1st, T Christopher Uchida sold 864 shares of Palomar stock. The shares were sold at an average price of $105.86, for a total transaction of $91,463.04.
• On Wednesday, December 18th, T Christopher Uchida sold 1,030 shares of Palomar stock. The shares were sold at an average price of $110.85, for a total transaction of $114,175.50.

Palomar Price Performance

NASDAQ:PLMR opened at $119.07 on Friday. The firm’s 50-day moving average price is $109.08 and its 200-day moving average price is $102.07. The company has a market capitalization of $3.15 billion, a PE ratio of 26.58 and a beta of 0.38. Palomar Holdings, Inc. has a 1-year low of $71.54 and a 1-year high of $128.38.

Palomar (NASDAQ:PLMR) last released its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. Equities analysts anticipate that Palomar Holdings, Inc. will post 5.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PLMR has been the topic of a number of research analyst reports. Piper Sandler boosted 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. Truist Financial boosted their price objective on shares of Palomar from $112.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. Keefe, Bruyette & Woods boosted their price objective on shares of Palomar from $136.00 to $152.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Palomar from $93.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.33.

Institutional Trading of Palomar

A number of hedge funds and other institutional investors have recently modified their holdings of PLMR. American Century Companies Inc. grew its position in shares of 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 buying an additional 210,523 shares during the period. Norges Bank bought a new position in Palomar in the 4th quarter worth about $20,637,000. Price T Rowe Associates Inc. MD boosted its stake in Palomar by 39.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 432,060 shares of the company’s stock worth $45,622,000 after purchasing an additional 122,057 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Palomar in the 3rd quarter worth about $10,994,000. Finally, Freestone Grove Partners LP bought a new position in Palomar in the 4th quarter worth about $11,774,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

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.