Palomar Holdings Inc (NASDAQ:PLMR) insider Andrew T. Robinson sold 2,500 shares of the company’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $80.66, for a total value of $201,650.00. Following the sale, the insider now directly owns 126,615 shares of the company’s stock, valued at $10,212,765.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Andrew T. Robinson also recently made the following trade(s):

  • On Monday, June 1st, Andrew T. Robinson sold 2,500 shares of Palomar stock. The shares were sold at an average price of $73.32, for a total value of $183,300.00.

Shares of PLMR stock opened at $85.76 on Wednesday. Palomar Holdings Inc has a fifty-two week low of $23.47 and a fifty-two week high of $87.14. The stock’s 50-day moving average is $73.36 and its two-hundred day moving average is $58.20. The firm has a market cap of $1.91 billion, a P/E ratio of 55.69 and a beta of -0.12.

Palomar (NASDAQ:PLMR) last issued its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.11. Palomar had a return on equity of 18.64% and a net margin of 28.53%. The company had revenue of $38.02 million for the quarter, compared to analyst estimates of $35.72 million. During the same period in the prior year, the firm posted $0.52 EPS. As a group, sell-side analysts forecast that Palomar Holdings Inc will post 2.09 earnings per share for the current fiscal year.

Several brokerages recently issued reports on PLMR. Piper Sandler increased their price objective on Palomar from $64.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. increased their price objective on Palomar from $55.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. BidaskClub raised Palomar from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Keefe, Bruyette & Woods increased their price objective on Palomar from $69.00 to $95.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Zacks Investment Research raised Palomar from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Wednesday, May 20th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Palomar currently has an average rating of “Buy” and an average target price of $67.71.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Palomar by 43.4% during the 1st quarter. BlackRock Inc. now owns 1,289,137 shares of the company’s stock worth $74,977,000 after buying an additional 390,083 shares during the period. Blair William & Co. IL increased its stake in shares of Palomar by 387.8% in the 1st quarter. Blair William & Co. IL now owns 489,879 shares of the company’s stock valued at $28,491,000 after buying an additional 389,454 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in shares of Palomar in the 1st quarter valued at $21,605,000. Bank of New York Mellon Corp increased its stake in shares of Palomar by 148.6% in the 1st quarter. Bank of New York Mellon Corp now owns 524,544 shares of the company’s stock valued at $30,507,000 after buying an additional 313,550 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in shares of Palomar by 54.2% in the 1st quarter. Driehaus Capital Management LLC now owns 568,106 shares of the company’s stock valued at $33,041,000 after buying an additional 199,687 shares during the period. 80.20% of the stock is currently owned by institutional investors and hedge funds.

Palomar Company Profile

There is no company description available for Palomar Holdings Inc

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