Palomar (NASDAQ:PLMR) CEO Mac Armstrong Sells 3,500 Shares of Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) CEO Mac Armstrong sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $112.96, for a total value of $395,360.00. Following the sale, the chief executive officer directly owned 329,388 shares in the company, valued at $37,207,668.48. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mac Armstrong also recently made the following trade(s):

• On Thursday, May 21st, Mac Armstrong sold 3,500 shares of Palomar stock. The shares were sold at an average price of $114.39, for a total transaction of $400,365.00.
• On Tuesday, April 21st, Mac Armstrong sold 3,500 shares of Palomar stock. The stock was sold at an average price of $130.77, for a total transaction of $457,695.00.
• On Wednesday, April 15th, Mac Armstrong sold 3,197 shares of Palomar stock. The shares were sold at an average price of $129.46, for a total transaction of $413,883.62.

Palomar Price Performance

PLMR stock traded up $2.83 during trading on Wednesday, hitting $118.91. 252,123 shares of the company’s stock traded hands, compared to its average volume of 258,673. Palomar Holdings, Inc. has a 52 week low of $100.81 and a 52 week high of $161.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.49 and a current ratio of 0.49. The business has a fifty day simple moving average of $115.98 and a 200 day simple moving average of $122.37. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 16.56 and a beta of 0.44.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $2.31 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.14. The business had revenue of $278.94 million during the quarter, compared to analysts’ expectations of $557.79 million. Palomar had a net margin of 20.11% and a return on equity of 22.62%. The business’s revenue was up 59.7% on a year-over-year basis. During the same period last year, the company posted $1.87 EPS. As a group, research analysts expect that Palomar Holdings, Inc. will post 8.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PLMR shares. JPMorgan Chase & Co. decreased their price objective on Palomar from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 26th. Zacks Research downgraded Palomar from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Palomar from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Wall Street Zen lowered shares of Palomar from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Finally, Piper Sandler cut their price objective on shares of Palomar from $151.00 to $132.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Palomar presently has a consensus rating of “Moderate Buy” and an average price target of $147.75.

Key Stories Impacting Palomar

Here are the key news stories impacting Palomar this week:

• Positive Sentiment: Zacks Research raised its FY2026 earnings estimate for Palomar, signaling stronger expected profitability ahead. Palomar Holdings analyst estimate update
• Positive Sentiment: Analysts also nudged up estimates for some near-term periods, including Q2 2026 and Q4 2027, which suggests continued earnings momentum. Palomar Holdings analyst estimate update
• Positive Sentiment: A Zacks Analyst Blog piece highlighted Palomar as one of the property & casualty insurers positioned to weather the 2026 hurricane season, citing prudent pricing and increased digitalization as supportive factors. 4 P&C Insurers Stocks Poised to Weather 2026 Hurricane Season
• Neutral Sentiment: Other recent analyst notes were mixed, with some earnings forecasts trimmed for later periods while others were lifted, leaving the broader outlook somewhat balanced. Reflecting On Property & Casualty Insurance Stocks’ Q1 Earnings: Palomar Holdings

Institutional Trading of Palomar

Several institutional investors have recently added to or reduced their stakes in PLMR. PVG Asset Management Corp grew its stake in shares of Palomar by 526.4% during the first quarter. PVG Asset Management Corp now owns 10,147 shares of the company’s stock valued at $1,147,000 after buying an additional 8,527 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Palomar by 638.3% during the 1st quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock worth $53,000 after acquiring an additional 383 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Palomar by 1.2% during the 1st quarter. Bank of America Corp DE now owns 146,570 shares of the company’s stock worth $17,515,000 after acquiring an additional 1,693 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Palomar by 17.4% during the 1st quarter. Janus Henderson Group PLC now owns 933,993 shares of the company’s stock valued at $111,664,000 after acquiring an additional 138,368 shares during the period. Finally, Amundi grew its position in Palomar by 34.9% in the 1st quarter. Amundi now owns 6,283 shares of the company’s stock valued at $751,000 after acquiring an additional 1,625 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

About Palomar

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.