Palomar Holdings, Inc. (NASDAQ:PLMR) President Heath A. Fisher sold 400 shares of the company’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $100.35, for a total transaction of $40,140.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Palomar stock opened at $100.46 on Thursday. Palomar Holdings, Inc. has a 1-year low of $39.21 and a 1-year high of $121.87. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 58.41 and a beta of 0.14. The firm’s fifty day moving average price is $82.28 and its two-hundred day moving average price is $90.89.

Palomar (NASDAQ:PLMR) last released its quarterly earnings data on Tuesday, November 10th. The company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by ($0.06). Palomar had a net margin of 28.80% and a return on equity of 17.46%. The business had revenue of $42.84 million during the quarter, compared to the consensus estimate of $45.55 million. During the same period last year, the business posted $0.40 earnings per share. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. As a group, sell-side analysts forecast that Palomar Holdings, Inc. will post 1.01 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on PLMR shares. Barclays upped their price objective on shares of Palomar from $82.00 to $94.00 and gave the company an “equal weight” rating in a research note on Tuesday. Truist cut their target price on shares of Palomar from $112.00 to $125.00 in a research note on Tuesday, October 6th. BidaskClub raised shares of Palomar from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 9th. Piper Sandler lowered shares of Palomar from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $110.00 to $95.00 in a research note on Thursday, November 12th. Finally, Zacks Investment Research lowered shares of Palomar from a “hold” rating to a “sell” rating and set a $115.00 target price on the stock. in a research note on Tuesday, October 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Palomar presently has an average rating of “Buy” and a consensus target price of $90.75.

Institutional investors have recently added to or reduced their stakes in the business. Group One Trading L.P. bought a new position in shares of Palomar in the third quarter valued at $79,000. Point72 Hong Kong Ltd bought a new position in shares of Palomar in the second quarter valued at $99,000. Meeder Asset Management Inc. lifted its stake in shares of Palomar by 26,240.0% in the third quarter. Meeder Asset Management Inc. now owns 1,317 shares of the company’s stock valued at $138,000 after buying an additional 1,312 shares in the last quarter. Contravisory Investment Management Inc. purchased a new stake in shares of Palomar in the fourth quarter valued at about $121,000. Finally, US Bancorp DE raised its holdings in shares of Palomar by 8.2% in the third quarter. US Bancorp DE now owns 1,473 shares of the company’s stock valued at $154,000 after purchasing an additional 112 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Palomar Company Profile

Palomar Holdings, Inc provides specialty property insurance. It offers personal and commercial specialty property insurance products, including residential and commercial earthquake, specialty homeowners, commercial all-risk, Hawaii hurricane, residential flood, inland marine, assumed reinsurance, and real estate investor.

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Insider Buying and Selling by Quarter for Palomar (NASDAQ:PLMR)

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