Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 1,000 Shares

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $144.00, for a total transaction of $144,000.00. Following the transaction, the chief financial officer now owns 9,172 shares in the company, valued at $1,320,768. This represents a 9.83 % decrease in their position. 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, 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 value 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 transaction 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 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 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 stock was sold at an average price of $109.65, for a total transaction of $112,939.50.

Palomar Trading Up 9.2 %

Shares of PLMR stock traded up $12.07 on Wednesday, hitting $143.13. 492,372 shares of the stock were exchanged, compared to its average volume of 180,320. Palomar Holdings, Inc. has a one year low of $74.09 and a one year high of $144.47. The firm’s 50 day moving average is $125.49 and its two-hundred day moving average is $110.38. The firm has a market capitalization of $3.82 billion, a PE ratio of 31.95 and a beta of 0.46.

Palomar (NASDAQ:PLMR) last posted its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. On average, sell-side analysts expect that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.

Institutional Investors Weigh In On Palomar

Hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. bought a new stake in shares of Palomar during the 1st quarter valued at $53,000. Rhumbline Advisers lifted its holdings in shares of Palomar by 1.2% in the first quarter. Rhumbline Advisers now owns 69,865 shares of the company’s stock worth $9,577,000 after buying an additional 816 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Palomar by 27,543.8% in the first 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. California State Teachers Retirement System grew its stake in Palomar by 3.8% during the fourth quarter. California State Teachers Retirement System now owns 24,444 shares of the company’s stock valued at $2,581,000 after acquiring an additional 899 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Palomar during the 4th quarter worth approximately $5,652,000. Institutional investors own 90.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Palomar from $155.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday. Piper Sandler lifted their price target on Palomar from $133.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Truist Financial boosted their price objective on Palomar from $112.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. upgraded shares of Palomar from a “neutral” rating to an “overweight” rating and increased their price target for the company from $115.00 to $150.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $134.50.

About Palomar

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.