Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 1,000 shares of the 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 sale, the chief financial officer now owns 25,344 shares of the company's stock, valued at approximately $1,933,747.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
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 shares were 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 shares were sold at an average price of $60.13, for a total value of $12,867.82.
Palomar Stock Up 1.1 %
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NASDAQ:PLMR opened at $77.77 on Friday. The business's 50 day moving average is $76.59 and its two-hundred day moving average is $63.86. Palomar Holdings, Inc. has a 52 week low of $46.09 and a 52 week high of $86.25. The company has a market cap of $1.94 billion, a PE ratio of 24.93 and a beta of 0.21.
Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $102.35 million for the quarter, compared to the consensus estimate of $95.07 million. Palomar had a return on equity of 19.35% and a net margin of 21.07%. As a group, sell-side analysts expect that Palomar Holdings, Inc. will post 3.84 EPS for the current fiscal year.
Analysts Set New Price Targets
PLMR has been the subject of a number of recent analyst reports. Piper Sandler raised their price objective on Palomar from $80.00 to $89.00 and gave the company an "overweight" rating in a research note on Monday, April 1st. Truist Financial raised their price objective on Palomar from $72.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, February 16th. JPMorgan Chase & Co. downgraded Palomar from an "overweight" rating to a "neutral" rating and increased their target price for the stock from $79.00 to $85.00 in a report on Monday, April 8th. Keefe, Bruyette & Woods increased their target price on Palomar from $88.00 to $89.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Palomar in a report on Monday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Palomar currently has a consensus rating of "Moderate Buy" and an average price target of $87.50.
Get Our Latest Analysis on Palomar
Institutional Trading of Palomar
Several hedge funds have recently made changes to their positions in PLMR. Advisor Group Holdings Inc. lifted its holdings in shares of Palomar by 34.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,470 shares of the company's stock worth $94,000 after purchasing an additional 374 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Palomar by 20.7% in the 1st quarter. JPMorgan Chase & Co. now owns 11,682 shares of the company's stock worth $747,000 after purchasing an additional 2,002 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Palomar in the 1st quarter worth approximately $891,000. Citigroup Inc. lifted its holdings in shares of Palomar by 11.6% in the 1st quarter. Citigroup Inc. now owns 20,883 shares of the company's stock worth $1,337,000 after purchasing an additional 2,165 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Palomar by 50.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,647 shares of the company's stock worth $425,000 after purchasing an additional 2,240 shares during the last quarter. Institutional investors own 90.25% of the company's stock.
Palomar Company Profile
(
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
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