Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CEO Mac Armstrong sold 7,000 shares of the company's stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $80.03, for a total transaction of $560,210.00. Following the completion of the sale, the chief executive officer now directly owns 468,388 shares in the company, valued at approximately $37,485,091.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Mac Armstrong also recently made the following trade(s):
- On Thursday, March 21st, Mac Armstrong sold 7,000 shares of Palomar stock. The stock was sold at an average price of $82.62, for a total transaction of $578,340.00.
- On Thursday, February 29th, Mac Armstrong sold 7,000 shares of Palomar stock. The stock was sold at an average price of $75.75, for a total transaction of $530,250.00.
- On Wednesday, January 31st, Mac Armstrong sold 1,541 shares of Palomar stock. The stock was sold at an average price of $59.19, for a total transaction of $91,211.79.
- On Saturday, January 27th, Mac Armstrong sold 952 shares of Palomar stock. The stock was sold at an average price of $60.13, for a total transaction of $57,243.76.
Palomar Price Performance
Stock-Picking AI Predicts #1 Stock of 2024
From Altimetry | Ad
Since the start of the year, the top 10 investment funds in the world – including Vanguard, Blackrock, Fidelity and JP Morgan – have made nearly $1 trillion in profits on these 7 stocks.
Click here to learn what's coming (and how to prepare).
Shares of NASDAQ PLMR opened at $81.38 on Thursday. The company's 50 day simple moving average is $78.15 and its 200 day simple moving average is $64.82. Palomar Holdings, Inc. has a fifty-two week low of $46.09 and a fifty-two week high of $86.25. The firm has a market capitalization of $2.03 billion, a P/E ratio of 26.08 and a beta of 0.21.
Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. Palomar had a net margin of 21.07% and a return on equity of 19.35%. The business had revenue of $102.35 million for the quarter, compared to analyst estimates of $95.07 million. Sell-side analysts expect that Palomar Holdings, Inc. will post 3.84 EPS for the current fiscal year.
Institutional Investors Weigh In On Palomar
Large investors have recently bought and sold shares of the company. Signaturefd LLC increased its stake in Palomar by 59.4% in the fourth quarter. Signaturefd LLC now owns 593 shares of the company's stock valued at $33,000 after purchasing an additional 221 shares in the last quarter. Atwood & Palmer Inc. increased its stake in Palomar by 66.7% in the first quarter. Atwood & Palmer Inc. now owns 750 shares of the company's stock valued at $63,000 after purchasing an additional 300 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in Palomar in the fourth quarter valued at approximately $108,000. AXS Investments LLC bought a new stake in Palomar in the fourth quarter valued at approximately $170,000. Finally, Everence Capital Management Inc. bought a new stake in Palomar in the fourth quarter valued at approximately $214,000. Institutional investors own 90.25% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on PLMR shares. Truist Financial upped their price objective on shares of Palomar from $72.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Piper Sandler upped their price objective on shares of Palomar from $80.00 to $89.00 and gave the stock an "overweight" rating in a research note on Monday, April 1st. Keefe, Bruyette & Woods upped their target price on shares of Palomar from $88.00 to $89.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 10th. Evercore ISI upped their target price on shares of Palomar from $68.00 to $86.00 and gave the stock an "in-line" rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. lowered shares of Palomar from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $79.00 to $85.00 in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $87.50.
Check Out Our Latest Analysis on Palomar
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
