Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 1,000 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $144.00, for a total transaction of $144,000.00. Following the sale, the chief financial officer now owns 9,172 shares in the company, valued at $1,320,768. The trade was a 9.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
T Christopher Uchida also recently made the following trade(s):
- On Monday, March 31st, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $139.00, for a total transaction of $139,000.00.
- On Tuesday, February 18th, T Christopher Uchida sold 552 shares of Palomar stock. The stock was 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 value of $54,928.38.
- On Sunday, January 26th, T Christopher Uchida sold 394 shares of Palomar stock. The stock was sold at an average price of $101.69, for a total value 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.
Palomar Trading Up 9.2 %
PLMR stock opened at $143.13 on Thursday. The firm has a 50 day simple moving average of $126.91 and a 200-day simple moving average of $110.94. Palomar Holdings, Inc. has a twelve month low of $74.09 and a twelve month high of $144.46. The company has a market capitalization of $3.82 billion, a P/E ratio of 31.95 and a beta of 0.46.
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 return on equity of 19.76% and a net margin of 21.23%. On average, research analysts predict that Palomar Holdings, Inc. will post 5.99 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. purchased a new position in Palomar in the 4th quarter worth about $26,000. Smartleaf Asset Management LLC grew its stake in Palomar by 536.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 414 shares of the company's stock valued at $43,000 after acquiring an additional 349 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Palomar by 63.2% during the 4th quarter. Jones Financial Companies Lllp now owns 493 shares of the company's stock valued at $52,000 after acquiring an additional 191 shares in the last quarter. NBC Securities Inc. purchased a new position in Palomar during the 1st quarter valued at about $53,000. Finally, Farther Finance Advisors LLC grew its stake in Palomar by 21.8% during the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company's stock valued at $58,000 after acquiring an additional 99 shares in the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
PLMR has been the subject of several analyst reports. Keefe, Bruyette & Woods cut their target price on shares of Palomar from $155.00 to $145.00 and set an "outperform" rating for the company in a research note on Wednesday. Truist Financial boosted their target price on shares of 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 note on Thursday, February 13th. Piper Sandler upped their price objective on shares of Palomar from $133.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised shares of Palomar from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $115.00 to $150.00 in a research note on Tuesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Palomar presently has a consensus rating of "Moderate Buy" and an average price target of $134.50.
Read Our Latest Stock Analysis on PLMR
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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