WINTON GROUP Ltd Has $1.34 Million Position in Palomar Holdings, Inc. (NASDAQ:PLMR)

WINTON GROUP Ltd raised its stake in shares of Palomar Holdings, Inc. (NASDAQ:PLMR) by 2.8% during the 4th quarter, HoldingsChannel reports. The firm owned 12,643 shares of the company’s stock after purchasing an additional 347 shares during the quarter. WINTON GROUP Ltd’s holdings in Palomar were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Palomar by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,574,923 shares of the company’s stock valued at $271,886,000 after buying an additional 53,123 shares during the last quarter. State Street Corp grew its position in shares of Palomar by 3.0% in the third quarter. State Street Corp now owns 1,097,702 shares of the company’s stock valued at $103,919,000 after purchasing an additional 32,151 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Palomar by 36.6% in the fourth quarter. American Century Companies Inc. now owns 785,419 shares of the company’s stock worth $82,932,000 after purchasing an additional 210,523 shares during the period. Geode Capital Management LLC lifted its position in shares of Palomar by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 600,092 shares of the company’s stock worth $56,822,000 after purchasing an additional 18,335 shares during the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Palomar by 18.7% during the 4th quarter. Artemis Investment Management LLP now owns 455,082 shares of the company’s stock valued at $48,052,000 after purchasing an additional 71,806 shares during the period. Institutional investors own 90.25% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PLMR. Truist Financial lifted their price target on Palomar from $112.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Piper Sandler boosted their target price on shares of Palomar from $133.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Palomar in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Palomar from $152.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, March 21st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.83.

Palomar Price Performance

PLMR opened at $136.60 on Friday. The company has a market capitalization of $3.64 billion, a P/E ratio of 30.49 and a beta of 0.33. The firm’s fifty day moving average price is $120.41 and its two-hundred day moving average price is $107.73. Palomar Holdings, Inc. has a fifty-two week low of $74.09 and a fifty-two week high of $137.89.

Palomar (NASDAQ:PLMR) last issued its earnings results on Wednesday, February 12th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. On average, equities research analysts expect that Palomar Holdings, Inc. will post 5.99 EPS for the current fiscal year.

Insider Buying and Selling at Palomar

In other news, CEO Mac Armstrong sold 7,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $109.76, for a total value of $768,320.00. Following the sale, the chief executive officer now owns 412,388 shares in the company, valued at approximately $45,263,706.88. The trade was a 1.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Jon Christianson sold 819 shares of the company’s stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of $105.86, for a total transaction of $86,699.34. Following the completion of the sale, the president now directly owns 55,126 shares in the company, valued at approximately $5,835,638.36. The trade was a 1.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,455 shares of company stock valued at $3,911,340. 4.30% of the stock is currently owned by corporate insiders.

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.