Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 1,000 shares of Palomar stock in a transaction on Monday, March 31st. The stock was sold at an average price of $139.00, for a total value of $139,000.00. Following the completion of the transaction, the chief financial officer now owns 10,172 shares in the company, valued at $1,413,908. The trade was a 8.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
T Christopher Uchida also recently made the following trade(s):
- On Tuesday, February 18th, T Christopher Uchida sold 552 shares of Palomar stock. The shares were sold at an average price of $123.26, for a total value of $68,039.52.
- On Friday, January 31st, T Christopher Uchida sold 390 shares of Palomar stock. The stock was sold at an average price of $104.47, for a total value of $40,743.30.
- On Wednesday, January 29th, T Christopher Uchida sold 507 shares of Palomar stock. The stock was 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 stock was 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.
Palomar Price Performance
Shares of Palomar stock opened at $137.08 on Tuesday. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 30.60 and a beta of 0.33. The stock has a 50-day simple moving average of $121.48 and a 200-day simple moving average of $108.54. Palomar Holdings, Inc. has a 52-week low of $74.09 and a 52-week high of $139.21.
Palomar (NASDAQ:PLMR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.
Institutional Investors Weigh In On Palomar
Large investors have recently bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Palomar by 36.6% during the 4th quarter. American Century Companies Inc. now owns 785,419 shares of the company's stock worth $82,932,000 after acquiring an additional 210,523 shares in the last quarter. Norges Bank bought a new position in shares of Palomar in the 4th quarter valued at approximately $20,637,000. Price T Rowe Associates Inc. MD lifted its holdings 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 during the last quarter. Point72 Asset Management L.P. bought a new stake in Palomar during the third quarter worth approximately $10,994,000. Finally, Freestone Grove Partners LP acquired a new position in Palomar during the fourth quarter valued at approximately $11,774,000. 90.25% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Palomar from $152.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Truist Financial lifted their target price on Palomar from $112.00 to $150.00 and gave the company a "buy" rating in a research note on Friday, February 14th. JMP Securities reissued a "market perform" rating on shares of Palomar in a research report on Thursday, February 13th. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.83.
View Our Latest Stock Report on PLMR
About Palomar
(
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.
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