Palomar Holdings, Inc. (NASDAQ:PLMR) President Heath A. Fisher Sells 400 Shares of Stock
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.
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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