Key Points
- Palomar President Jon Christianson sold 1,691 shares on December 23 at an average price of $139.50 for proceeds of $235,894.50, leaving him with 59,631 shares (a 2.76% reduction); the trade was disclosed in an SEC filing.
- Palomar reported $0.07 EPS for the quarter with a 21.93% return on equity, 22.59% net margin and $65.74 million in revenue; the stock has a $3.59 billion market cap and a P/E of 21.12, trading in a 52‑week range of $98.42–$175.85.
- 90.25% of the stock is owned by institutional investors, and analysts have a consensus rating of "Moderate Buy" with a target price of $157.67, though individual broker ratings and targets vary.
Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) President Jon Christianson sold 1,691 shares of the business's stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $139.50, for a total value of $235,894.50. Following the sale, the president owned 59,631 shares of the company's stock, valued at approximately $8,318,524.50. This trade represents a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Jon Christianson also recently made the following trade(s):
- On Tuesday, November 18th, Jon Christianson sold 522 shares of Palomar stock. The shares were sold at an average price of $128.84, for a total value of $67,254.48.
Palomar Stock Performance
Shares of PLMR opened at $135.38 on Tuesday. The stock has a 50 day moving average price of $123.64 and a 200 day moving average price of $127.23. Palomar Holdings, Inc. has a one year low of $98.42 and a one year high of $175.85. The stock has a market capitalization of $3.59 billion, a price-to-earnings ratio of 21.12 and a beta of 0.49.
Palomar (NASDAQ:PLMR - Get Free Report) last announced its quarterly earnings data on Friday, December 16th. The company reported $0.07 earnings per share for the quarter. Palomar had a return on equity of 21.93% and a net margin of 22.59%.The company had revenue of $65.74 million for the quarter. On average, analysts predict that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in Palomar by 234.1% during the second quarter. Invesco Ltd. now owns 798,361 shares of the company's stock worth $123,147,000 after acquiring an additional 559,383 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Palomar by 290.2% during the 2nd quarter. Alliancebernstein L.P. now owns 497,080 shares of the company's stock worth $76,675,000 after purchasing an additional 369,697 shares during the period. Westfield Capital Management Co. LP grew its holdings in shares of Palomar by 81.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 738,528 shares of the company's stock worth $86,223,000 after purchasing an additional 330,592 shares during the period. AustralianSuper Pty Ltd acquired a new stake in shares of Palomar during the 2nd quarter worth about $37,253,000. Finally, Orion Porfolio Solutions LLC boosted its stake in Palomar by 2,753.2% during the second quarter. Orion Porfolio Solutions LLC now owns 180,491 shares of the company's stock worth $27,841,000 after buying an additional 174,165 shares during the period. 90.25% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on PLMR. JPMorgan Chase & Co. upped their price objective on shares of Palomar from $137.00 to $145.00 and gave the company an "overweight" rating in a research note on Monday, November 10th. Weiss Ratings restated a "hold (c+)" rating on shares of Palomar in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on Palomar from $164.00 to $170.00 and gave the company an "outperform" rating in a report on Tuesday, November 11th. Evercore ISI lowered their price objective on Palomar from $168.00 to $134.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 1st. Finally, Wall Street Zen downgraded Palomar from a "buy" rating to a "hold" rating in a research note on Saturday, December 20th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $157.67.
Get Our Latest Analysis on Palomar
About Palomar
(
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Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.
In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.
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