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 Palomar stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $76.30, for a total value of $76,300.00. Following the sale, the chief financial officer now directly owns 25,344 shares in the company, valued at $1,933,747.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, March 14th, T Christopher Uchida sold 2,500 shares of Palomar stock. The shares were sold at an average price of $81.99, for a total value of $204,975.00.
• On Monday, March 11th, T Christopher Uchida sold 2,000 shares of Palomar stock. The shares were sold at an average price of $73.43, for a total value of $146,860.00.
• On Friday, February 16th, T Christopher Uchida sold 750 shares of Palomar stock. The shares were sold at an average price of $74.36, for a total value of $55,770.00.
• On Wednesday, February 14th, T Christopher Uchida sold 1,000 shares of Palomar stock. The shares were sold at an average price of $59.45, for a total value of $59,450.00.
• On Wednesday, January 31st, T Christopher Uchida sold 381 shares of Palomar stock. The shares were sold at an average price of $59.19, for a total value of $22,551.39.
• On Saturday, January 27th, T Christopher Uchida sold 214 shares of Palomar stock. The shares were sold at an average price of $60.13, for a total value of $12,867.82.

Palomar Price Performance

PLMR opened at $79.22 on Friday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 25.39 and a beta of 0.21. Palomar Holdings, Inc. has a 1-year low of $46.09 and a 1-year high of $86.25. The business has a 50 day moving average price of $76.95 and a two-hundred day moving average price of $64.07.

Palomar (NASDAQ:PLMR) last released its earnings results on Wednesday, February 14th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $102.35 million during the quarter, compared to the consensus estimate of $95.07 million. Palomar had a return on equity of 19.35% and a net margin of 21.07%. Equities analysts expect that Palomar Holdings, Inc. will post 3.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Palomar

Institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of Palomar by 2,612.5% during the 3rd quarter. Alliancebernstein L.P. now owns 799,369 shares of the company’s stock valued at $66,923,000 after acquiring an additional 769,899 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Palomar during the 4th quarter valued at $16,058,000. Atlas Capital Advisors LLC lifted its position in shares of Palomar by 614.2% during the 4th quarter. Atlas Capital Advisors LLC now owns 366,284 shares of the company’s stock valued at $16,541,000 after acquiring an additional 315,000 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Palomar by 52.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 748,928 shares of the company’s stock valued at $41,342,000 after acquiring an additional 256,378 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in shares of Palomar during the 1st quarter valued at $20,904,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on PLMR shares. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a report on Monday, April 15th. Piper Sandler increased their price objective on Palomar from $80.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Jefferies Financial Group raised Palomar from a “hold” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $88.00 in a report on Thursday, March 14th. JPMorgan Chase & Co. lowered Palomar from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $79.00 to $85.00 in a report on Monday, April 8th. Finally, Evercore ISI increased their price objective on Palomar from $68.00 to $86.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.50.

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.