Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 500 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $153.04, for a total value of $76,520.00. Following the completion of the transaction, the chief financial officer now directly owns 7,672 shares in the company, valued at $1,174,122.88. This trade represents a 6.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
T Christopher Uchida also recently made the following trade(s):
- On Monday, April 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $150.24, for a total value of $150,240.00.
- On Wednesday, April 9th, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $144.00, for a total value of $144,000.00.
- On Monday, March 31st, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were 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 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 shares were sold at an average price of $104.47, for a total transaction of $40,743.30.
- On Wednesday, January 29th, T Christopher Uchida sold 507 shares of Palomar stock. The shares were 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 stock was 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 value of $112,939.50.
Palomar Stock Down 0.4 %
Shares of NASDAQ:PLMR opened at $149.79 on Friday. The company has a market cap of $4.00 billion, a PE ratio of 33.44 and a beta of 0.46. Palomar Holdings, Inc. has a fifty-two week low of $76.20 and a fifty-two week high of $155.87. The firm has a 50-day simple moving average of $131.76 and a 200 day simple moving average of $113.05.
Palomar (NASDAQ:PLMR - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.24 by $0.13. Palomar had a return on equity of 19.76% and a net margin of 21.23%. As a group, research analysts forecast that Palomar Holdings, Inc. will post 5.99 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
PLMR has been the topic of several analyst reports. Piper Sandler lifted their price objective on Palomar from $133.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Palomar from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $115.00 to $150.00 in a research note on Tuesday, April 8th. Jefferies Financial Group boosted their target price on shares of Palomar from $145.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, April 11th. Truist Financial increased their price target on shares of Palomar from $150.00 to $178.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, JMP Securities restated a "market perform" rating on shares of Palomar in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $148.33.
View Our Latest Stock Report on PLMR
Hedge Funds Weigh In On Palomar
Several hedge funds and other institutional investors have recently modified their holdings of PLMR. American Century Companies Inc. lifted its position in Palomar by 36.6% in the 4th quarter. American Century Companies Inc. now owns 785,419 shares of the company's stock valued at $82,932,000 after purchasing an additional 210,523 shares during the last quarter. Norges Bank bought a new stake in shares of Palomar during the fourth quarter valued at approximately $20,637,000. Price T Rowe Associates Inc. MD boosted its position in shares of Palomar by 39.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 432,060 shares of the company's stock worth $45,622,000 after buying an additional 122,057 shares during the period. Freestone Grove Partners LP bought a new position in Palomar in the 4th quarter worth approximately $11,774,000. Finally, GAMMA Investing LLC increased its position in Palomar by 27,543.8% in the 1st quarter. GAMMA Investing LLC now owns 99,794 shares of the company's stock valued at $13,680,000 after acquiring an additional 99,433 shares during the period. Institutional investors and hedge funds 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.
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