Palomar Holdings, Inc. (NASDAQ:PLMR) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Palomar Holdings, Inc. (NASDAQ:PLMR - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 561,740 shares of the company's stock after acquiring an additional 17,320 shares during the quarter. Dimensional Fund Advisors LP owned 2.12% of Palomar worth $59,313,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Blue Trust Inc. purchased a new position in Palomar in the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its stake in shares of Palomar by 536.9% in 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 period. Jones Financial Companies Lllp boosted its stake in shares of Palomar by 63.2% in the fourth quarter. Jones Financial Companies Lllp now owns 493 shares of the company's stock worth $52,000 after buying an additional 191 shares during the last quarter. Farther Finance Advisors LLC raised its position in Palomar by 21.8% during the fourth quarter. Farther Finance Advisors LLC now owns 554 shares of the company's stock valued at $58,000 after acquiring an additional 99 shares in the last quarter. Finally, KBC Group NV lifted its holdings in Palomar by 44.9% in the fourth quarter. KBC Group NV now owns 1,045 shares of the company's stock valued at $110,000 after acquiring an additional 324 shares during the period. Hedge funds and other institutional investors own 90.25% of the company's stock.

Insider Transactions at Palomar

In related news, CFO T Christopher Uchida sold 552 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $123.26, for a total transaction of $68,039.52. Following the transaction, the chief financial officer now owns 15,683 shares of the company's stock, valued at approximately $1,933,086.58. This represents a 3.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mac Armstrong sold 5,000 shares of the business's stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $129.72, for a total transaction of $648,600.00. Following the sale, the chief executive officer now owns 402,388 shares in the company, valued at $52,197,771.36. This trade represents a 1.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,254 shares of company stock worth $2,443,484. 3.70% of the stock is currently owned by insiders.

Palomar Price Performance

Shares of PLMR stock traded up $7.75 during trading on Friday, hitting $151.81. 479,631 shares of the stock traded hands, compared to its average volume of 190,905. The firm has a market capitalization of $4.06 billion, a P/E ratio of 33.89 and a beta of 0.51. Palomar Holdings, Inc. has a 52-week low of $77.28 and a 52-week high of $155.87. The firm's fifty day moving average price is $137.79 and its 200-day moving average price is $117.13.

Palomar (NASDAQ:PLMR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 expect that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PLMR. Truist Financial boosted their price target on shares of Palomar from $150.00 to $178.00 and gave the stock a "buy" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised shares of Palomar from a "neutral" rating to an "overweight" rating and raised their price target for the company from $115.00 to $150.00 in a research note on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on Palomar from $145.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on Palomar from $155.00 to $145.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Finally, JMP Securities reissued a "market perform" rating on shares of Palomar in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Palomar has an average rating of "Moderate Buy" and a consensus price target of $148.33.

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.