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 firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $76.30, for a total transaction of $76,300.00. Following the sale, the chief financial officer now owns 25,344 shares of the company’s stock, valued at $1,933,747.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, March 14th, T Christopher Uchida sold 2,500 shares of Palomar stock. The stock was sold at an average price of $81.99, for a total transaction of $204,975.00.
• On Monday, March 11th, T Christopher Uchida sold 2,000 shares of Palomar stock. The stock was sold at an average price of $73.43, for a total transaction of $146,860.00.
• On Friday, February 16th, T Christopher Uchida sold 750 shares of Palomar stock. The stock was sold at an average price of $74.36, for a total transaction of $55,770.00.
• On Wednesday, February 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was sold at an average price of $59.45, for a total transaction of $59,450.00.
• On Wednesday, January 31st, T Christopher Uchida sold 381 shares of Palomar stock. The stock was sold at an average price of $59.19, for a total transaction of $22,551.39.
• On Saturday, January 27th, T Christopher Uchida sold 214 shares of Palomar stock. The stock was sold at an average price of $60.13, for a total transaction of $12,867.82.

Palomar Price Performance

Shares of PLMR stock traded up $0.87 on Thursday, hitting $77.77. The company’s stock had a trading volume of 184,463 shares, compared to its average volume of 157,189. Palomar Holdings, Inc. has a fifty-two week low of $46.09 and a fifty-two week high of $86.25. The firm’s fifty day moving average price is $76.23 and its 200-day moving average price is $63.76. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.93 and a beta of 0.21.

Palomar (NASDAQ:PLMR) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $102.35 million during the quarter, compared to analyst estimates of $95.07 million. Palomar had a net margin of 21.07% and a return on equity of 19.35%. Analysts predict that Palomar Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. UBS Group AG raised its holdings in Palomar by 7,440.0% in the 3rd quarter. UBS Group AG now owns 377 shares of the company’s stock worth $32,000 after acquiring an additional 372 shares during the period. Signaturefd LLC raised its holdings in Palomar by 59.4% in the 4th quarter. Signaturefd LLC now owns 593 shares of the company’s stock worth $33,000 after acquiring an additional 221 shares during the period. Atwood & Palmer Inc. increased its holdings in shares of Palomar by 66.7% during the 1st quarter. Atwood & Palmer Inc. now owns 750 shares of the company’s stock worth $63,000 after purchasing an additional 300 shares during the period. Lazard Asset Management LLC bought a new position in shares of Palomar during the 1st quarter worth about $55,000. Finally, FMR LLC increased its holdings in shares of Palomar by 89.9% during the 1st quarter. FMR LLC now owns 864 shares of the company’s stock worth $48,000 after purchasing an additional 409 shares during the period. Institutional investors own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PLMR. JPMorgan Chase & Co. cut shares of Palomar from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $79.00 to $85.00 in a research report on Monday, April 8th. JMP Securities reiterated a “market perform” rating on shares of Palomar in a research report on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Palomar from $88.00 to $89.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Truist Financial lifted their target price on shares of Palomar from $72.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Evercore ISI lifted their target price on shares of Palomar from $68.00 to $86.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.50.

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.