Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 507 Shares of Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 507 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $108.34, for a total transaction of $54,928.38. Following the sale, the chief financial officer now owns 17,845 shares in the company, valued at approximately $1,933,327.30. This trade represents a 2.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Sunday, January 26th, T Christopher Uchida sold 394 shares of Palomar stock. The shares were 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 value of $112,939.50.
• On Wednesday, January 1st, T Christopher Uchida sold 864 shares of Palomar stock. The shares were sold at an average price of $105.86, for a total value of $91,463.04.
• On Wednesday, December 18th, T Christopher Uchida sold 1,030 shares of Palomar stock. The stock was sold at an average price of $110.85, for a total value of $114,175.50.
• On Monday, November 11th, T Christopher Uchida sold 1,111 shares of Palomar stock. The shares were sold at an average price of $104.00, for a total transaction of $115,544.00.

Palomar Trading Up 0.4 %

Shares of NASDAQ:PLMR opened at $107.87 on Friday. The company has a 50-day moving average price of $106.94 and a 200-day moving average price of $99.27. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 25.62 and a beta of 0.38. Palomar Holdings, Inc. has a 12 month low of $57.55 and a 12 month high of $112.90.

Palomar (NASDAQ:PLMR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The business had revenue of $148.50 million during the quarter, compared to analyst estimates of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same quarter in the prior year, the company posted $0.80 EPS. As a group, research analysts forecast that Palomar Holdings, Inc. will post 4.33 EPS for the current fiscal year.

Institutional Trading of Palomar

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. bought a new position in Palomar in the 3rd quarter worth $25,000. Blue Trust Inc. purchased a new position in shares of Palomar during the fourth quarter valued at about $26,000. GAMMA Investing LLC raised its stake in Palomar by 48.6% in the third quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $36,000 after buying an additional 125 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Palomar by 490.9% in the third quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock worth $43,000 after buying an additional 378 shares during the period. Finally, Covestor Ltd boosted its position in Palomar by 20.2% during the 3rd quarter. Covestor Ltd now owns 1,076 shares of the company’s stock valued at $102,000 after acquiring an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on PLMR shares. Keefe, Bruyette & Woods upped their price objective on shares of Palomar from $120.00 to $136.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Piper Sandler raised their price objective on Palomar from $119.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group raised their price target on Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $115.50.

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.