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

Palomar Holdings, Inc. (NASDAQ:PLMR - Get Free Report) CFO T Christopher Uchida sold 500 shares of Palomar stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $158.69, for a total transaction of $79,345.00. Following the sale, the chief financial officer now directly owns 7,420 shares in the company, valued at approximately $1,177,479.80. The trade was a 6.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value of $139,000.00.

Palomar Stock Performance

Shares of Palomar stock traded up $0.51 during trading hours on Friday, reaching $155.67. 409,993 shares of the company were exchanged, compared to its average volume of 210,396. Palomar Holdings, Inc. has a 1 year low of $77.28 and a 1 year high of $175.85. The stock's fifty day moving average is $157.66 and its 200 day moving average is $131.77. The firm has a market cap of $4.16 billion, a PE ratio of 31.07 and a beta of 0.50.

Palomar (NASDAQ:PLMR - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The company reported $1.87 earnings per share 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 for the quarter, compared to analyst estimates of $161.97 million. During the same quarter in the prior year, the company earned $1.09 earnings per share. Research analysts expect that Palomar Holdings, Inc. will post 5.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised Palomar from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $115.00 to $150.00 in a research report on Tuesday, April 8th. Evercore ISI boosted their target price on Palomar from $163.00 to $168.00 and gave the company an "in-line" rating in a research report on Friday, May 30th. Keefe, Bruyette & Woods cut 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. Wall Street Zen raised Palomar from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Jefferies Financial Group boosted their target price on Palomar from $145.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $164.33.

Hedge Funds Weigh In On Palomar

Several large investors have recently bought and sold shares of PLMR. Blue Trust Inc. purchased a new position in Palomar in the fourth quarter valued at $26,000. Smartleaf Asset Management LLC increased its holdings in Palomar by 536.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 414 shares of the company's stock valued at $43,000 after buying an additional 349 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Palomar by 185.3% in the first quarter. Nisa Investment Advisors LLC now owns 311 shares of the company's stock valued at $43,000 after buying an additional 202 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Palomar in the first quarter valued at $46,000. Finally, Jones Financial Companies Lllp increased its holdings in 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 buying an additional 191 shares during the last quarter. Hedge funds and other institutional investors own 90.25% of the company's stock.

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.