Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) insider Jonathan Knutzen sold 282 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $104.46, for a total transaction of $29,457.72. Following the completion of the transaction, the insider now owns 20,098 shares of the company’s stock, valued at approximately $2,099,437.08. The trade was a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Palomar Trading Down 0.3 %
Shares of NASDAQ:PLMR traded down $0.29 on Tuesday, reaching $106.74. The company had a trading volume of 106,533 shares, compared to its average volume of 131,602. Palomar Holdings, Inc. has a 52-week low of $57.55 and a 52-week high of $112.90. The firm’s 50 day simple moving average is $106.89 and its 200-day simple moving average is $99.63. The firm has a market capitalization of $2.83 billion, a PE ratio of 25.35 and a beta of 0.38.
Palomar (NASDAQ:PLMR – Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.03 by $0.20. The company had revenue of $148.50 million during the quarter, compared to analyst estimates of $134.72 million. Palomar had a return on equity of 19.65% and a net margin of 21.55%. During the same period in the previous year, the business earned $0.80 EPS. As a group, equities research analysts predict that Palomar Holdings, Inc. will post 4.33 earnings per share for the current year.
Analyst Ratings Changes
Institutional Trading of Palomar
Several hedge funds have recently modified their holdings of PLMR. Dakota Wealth Management grew its holdings in shares of Palomar by 3.1% during the fourth quarter. Dakota Wealth Management now owns 3,070 shares of the company’s stock worth $324,000 after buying an additional 92 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Palomar by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 15,042 shares of the company’s stock valued at $1,588,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Palomar by 0.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the company’s stock valued at $1,352,000 after buying an additional 100 shares during the period. GAMMA Investing LLC boosted its position in Palomar by 48.6% during the 3rd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $36,000 after purchasing an additional 125 shares during the period. Finally, Covestor Ltd lifted its holdings in Palomar by 20.2% in the 3rd quarter. Covestor Ltd now owns 1,076 shares of the company’s stock worth $102,000 after buying an additional 181 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Palomar
- How to Capture the Benefits of Dividend Increases
- Rocket Lab’s Growth Strategy: Small Rockets, Massive Potential
- The Risks of Owning Bonds
- Goldman Sachs vs. Morgan Stanley—Which Stock Has More Upside?
- Want to Profit on the Downtrend? Downtrends, Explained.
- 3 Reasons Bulls Will Win on Super Micro Computer Stock
Receive News & Ratings for Palomar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palomar and related companies with MarketBeat.com's FREE daily email newsletter.