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 Palomar stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $150.24, for a total transaction of $150,240.00. Following the completion of the sale, the chief financial officer now owns 8,172 shares of the company’s stock, valued at $1,227,761.28. This trade represents a 10.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

T Christopher Uchida also recently made the following trade(s):

• 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 transaction 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 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 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 transaction 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 Down 2.5 %

Shares of PLMR opened at $150.44 on Thursday. The stock’s 50-day moving average price is $130.96 and its two-hundred day moving average price is $112.67. Palomar Holdings, Inc. has a 12 month low of $75.49 and a 12 month high of $155.87. The company has a market capitalization of $4.01 billion, a PE ratio of 33.58 and a beta of 0.46.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $1.37 EPS for the quarter, topping 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%. Equities research analysts predict that Palomar Holdings, Inc. will post 5.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Palomar from $155.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised Palomar from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $150.00 in a report on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on Palomar from $145.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, April 11th. JMP Securities reiterated a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. Finally, Piper Sandler boosted 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Palomar presently has an average rating of “Moderate Buy” and a consensus price target of $148.33.

Hedge Funds Weigh In On Palomar

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Palomar by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,574,923 shares of the company’s stock valued at $271,886,000 after acquiring an additional 53,123 shares in the last quarter. State Street Corp increased its stake in Palomar by 3.0% during the 3rd quarter. State Street Corp now owns 1,097,702 shares of the company’s stock valued at $103,919,000 after purchasing an additional 32,151 shares in the last quarter. American Century Companies Inc. raised its holdings in Palomar by 36.6% during the fourth quarter. American Century Companies Inc. now owns 785,419 shares of the company’s stock worth $82,932,000 after buying an additional 210,523 shares during the last quarter. Geode Capital Management LLC raised its holdings in Palomar by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 618,840 shares of the company’s stock worth $65,358,000 after buying an additional 18,748 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Palomar by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 561,740 shares of the company’s stock valued at $59,313,000 after buying an additional 17,320 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Palomar Company Profile

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.