Palomar Holdings Inc (NASDAQ:PLMR) insider Andrew T. Robinson sold 2,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 126,615 shares in the company, valued at approximately $10,212,765.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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.
NASDAQ PLMR opened at $85.76 on Wednesday. The business has a fifty day moving average price of $73.36 and a two-hundred day moving average price of $58.20. Palomar Holdings Inc has a fifty-two week low of $23.47 and a fifty-two week high of $87.14. The stock has a market capitalization of $1.91 billion, a PE ratio of 55.69 and a beta of -0.12.
Palomar (NASDAQ:PLMR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $35.72 million. During the same period in the prior year, the company earned $0.52 EPS. On average, equities research analysts expect that Palomar Holdings Inc will post 2.09 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. US Bancorp DE bought a new position in shares of Palomar in the 4th quarter valued at $25,000. Salomon & Ludwin LLC bought a new position in shares of Palomar in the 1st quarter valued at $28,000. Great West Life Assurance Co. Can bought a new position in shares of Palomar in the 4th quarter valued at $37,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Palomar in the 1st quarter valued at $70,000. Finally, Bank of Montreal Can lifted its stake in shares of Palomar by 205.6% in the 4th quarter. Bank of Montreal Can now owns 1,577 shares of the company’s stock valued at $80,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors own 80.20% of the company’s stock.
PLMR has been the topic of several research reports. Zacks Investment Research raised Palomar from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Wednesday, May 20th. Keefe, Bruyette & Woods boosted their price target on Palomar from $69.00 to $95.00 and gave the company an “outperform” rating in a research note on Monday. Piper Sandler boosted their price target on Palomar from $64.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday. BidaskClub upgraded Palomar from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Finally, JPMorgan Chase & Co. boosted their price target on Palomar from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.71.
There is no company description available for Palomar Holdings Inc
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