Palomar (NASDAQ:PLMR – Get Free Report) issued its earnings results on Thursday. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.28, Briefing.com reports. The firm had revenue of $108.39 million for the quarter, compared to the consensus estimate of $322.10 million. Palomar had a return on equity of 20.70% and a net margin of 21.78%. The company’s revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 EPS.
Palomar Stock Performance
Shares of PLMR opened at $80.82 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 23.22 and a beta of 0.24. Palomar has a 52 week low of $46.09 and a 52 week high of $86.25. The stock has a fifty day moving average of $78.87 and a 200-day moving average of $66.19.
Insider Buying and Selling
In related news, CFO T Christopher Uchida sold 1,000 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $59.45, for a total transaction of $59,450.00. Following the completion of the transaction, the chief financial officer now directly owns 31,344 shares of the company’s stock, valued at approximately $1,863,400.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Palomar news, CFO T Christopher Uchida sold 1,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $59.45, for a total transaction of $59,450.00. Following the completion of the sale, the chief financial officer now directly owns 31,344 shares in the company, valued at approximately $1,863,400.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Jon Christianson sold 2,000 shares of the stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $60.00, for a total value of $120,000.00. Following the sale, the president now owns 69,521 shares of the company’s stock, valued at $4,171,260. The disclosure for this sale can be found here. Insiders sold a total of 42,250 shares of company stock valued at $3,305,655 in the last three months. Insiders own 4.30% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Analysis on PLMR
About Palomar
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.
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