Palomar Holdings, Inc. (NASDAQ:PLMR) CFO Sells $150,240.00 in Stock

by · The Cerbat Gem

Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) CFO T Christopher Uchida sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 14th. The stock was sold at an average price of $150.24, for a total value 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 represents a 10.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, April 16th, T Christopher Uchida sold 500 shares of Palomar stock. The stock was sold at an average price of $153.04, for a total value of $76,520.00.
  • On Wednesday, April 9th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were 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 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 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 shares were 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 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 transaction of $112,939.50.

Palomar Stock Down 0.4 %

PLMR stock opened at $149.79 on Friday. Palomar Holdings, Inc. has a twelve month low of $76.20 and a twelve month high of $155.87. The company has a market cap of $4.00 billion, a P/E ratio of 33.44 and a beta of 0.46. The business has a fifty day moving average of $131.76 and a 200-day moving average of $113.05.

Palomar (NASDAQ:PLMR – Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. As a group, equities research analysts anticipate that Palomar Holdings, Inc. will post 5.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Palomar from $155.00 to $145.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Truist Financial increased their price target on Palomar from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday. Piper Sandler lifted their price objective on Palomar from $133.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded Palomar from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $115.00 to $150.00 in a report on Tuesday, April 8th. Finally, Jefferies Financial Group lifted their price target on Palomar from $145.00 to $168.00 and gave the company a “buy” rating in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Palomar has a consensus rating of “Moderate Buy” and an average price target of $148.33.

View Our Latest Report on PLMR

Institutional Trading of Palomar

A number of institutional investors have recently bought and sold shares of PLMR. Dakota Wealth Management increased its holdings in Palomar by 3.1% in the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock valued at $324,000 after purchasing an additional 92 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Palomar by 21.8% in the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company’s stock valued at $58,000 after acquiring an additional 99 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Palomar by 0.7% in the 4th quarter. State of Alaska Department of Revenue now owns 15,042 shares of the company’s stock valued at $1,588,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its stake in Palomar by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock worth $1,352,000 after acquiring an additional 100 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in Palomar by 2.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,837 shares of the company’s stock worth $616,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 90.25% of the company’s stock.

About Palomar

(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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