Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida Sells 500 Shares of Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 500 shares of the company’s stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $158.69, for a total transaction of $79,345.00. Following the transaction, the chief financial officer now owns 7,420 shares in the company, valued at approximately $1,177,479.80. The trade was a 6.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, May 21st, T Christopher Uchida sold 500 shares of Palomar stock. The shares were sold at an average price of $159.77, for a total transaction of $79,885.00.
• On Wednesday, April 16th, T Christopher Uchida sold 500 shares of Palomar stock. The shares were sold at an average price of $153.04, for a total transaction of $76,520.00.
• On Monday, April 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were sold at an average price of $150.24, for a total transaction of $150,240.00.
• 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.

Palomar Stock Performance

NASDAQ PLMR opened at $155.16 on Thursday. The business has a 50 day simple moving average of $157.26 and a 200 day simple moving average of $131.12. Palomar Holdings, Inc. has a 52-week low of $77.28 and a 52-week high of $175.85. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 30.97 and a beta of 0.50.

Palomar (NASDAQ:PLMR) last posted its earnings results on Monday, May 5th. The company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.26. Palomar had a return on equity of 20.56% and a net margin of 21.99%. The business had revenue of $174.63 million during the quarter, compared to analysts’ expectations of $161.97 million. During the same period in the prior year, the business earned $1.09 EPS. On average, analysts predict that Palomar Holdings, Inc. will post 5.99 EPS for the current year.

Wall Street Analysts Forecast Growth

PLMR has been the topic of a number of research reports. 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. Truist Financial upped their price target on Palomar from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, April 15th. JPMorgan Chase & Co. raised Palomar from a “neutral” rating to an “overweight” rating and upped their price target for the company from $115.00 to $150.00 in a research note on Tuesday, April 8th. Wall Street Zen raised Palomar from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Finally, Jefferies Financial Group upped their price target on Palomar from $145.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $164.33.

Institutional Trading of Palomar

Large investors have recently bought and sold shares of the business. Blue Trust Inc. bought a new stake in Palomar during the 4th quarter worth approximately $26,000. Nisa Investment Advisors LLC grew its stake in shares of Palomar by 185.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 311 shares of the company’s stock worth $43,000 after acquiring an additional 202 shares in the last quarter. Opal Wealth Advisors LLC bought a new position in shares of Palomar during the 1st quarter worth approximately $46,000. TCTC Holdings LLC grew its stake in shares of Palomar by 116.5% during the 1st quarter. TCTC Holdings LLC now owns 381 shares of the company’s stock worth $52,000 after acquiring an additional 205 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Palomar during the 1st quarter worth approximately $53,000. 90.25% of the stock is owned by institutional investors.

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.