T Christopher Uchida Sells 1,000 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) CFO T Christopher Uchida sold 1,000 shares of the stock in a transaction dated 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 trade represents a 10.90 % 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.

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

• 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 value of $144,000.00.
• On Monday, March 31st, T Christopher Uchida sold 1,000 shares of Palomar stock. The stock was 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 stock was sold at an average price of $123.26, for a total transaction of $68,039.52.
• On Friday, January 31st, T Christopher Uchida sold 390 shares of Palomar stock. The shares were sold at an average price of $104.47, for a total transaction 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 stock was 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 shares were sold at an average price of $109.65, for a total value of $112,939.50.

Palomar Stock Down 2.5 %

Shares of NASDAQ PLMR opened at $150.44 on Thursday. Palomar Holdings, Inc. has a twelve month low of $75.49 and a twelve month high of $155.87. The company has a market cap of $4.01 billion, a PE ratio of 33.58 and a beta of 0.46. The business’s 50 day moving average price is $130.96 and its two-hundred day moving average price is $112.67.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLMR shares. Truist Financial lifted their price objective on shares of Palomar from $150.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upgraded Palomar from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $115.00 to $150.00 in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on Palomar from $155.00 to $145.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. Finally, Piper Sandler upped their price objective on Palomar from $133.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.33.

Hedge Funds Weigh In On Palomar

Several large investors have recently modified their holdings of the stock. Blue Trust Inc. bought a new stake in shares of Palomar during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC lifted its position in Palomar by 536.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 414 shares of the company’s stock worth $43,000 after acquiring an additional 349 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Palomar during the first quarter worth approximately $46,000. Jones Financial Companies Lllp grew its position in shares of Palomar by 63.2% in the fourth quarter. Jones Financial Companies Lllp now owns 493 shares of the company’s stock valued at $52,000 after purchasing an additional 191 shares during the last quarter. Finally, NBC Securities Inc. bought a new position in shares of Palomar during the first 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.