Geneva Capital Management LLC Purchases 1,009 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR)

Geneva Capital Management LLC lifted its position in shares of Palomar Holdings, Inc. (NASDAQ:PLMR) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 340,763 shares of the company’s stock after acquiring an additional 1,009 shares during the quarter. Geneva Capital Management LLC owned approximately 1.36% of Palomar worth $32,260,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new position in Palomar during the third quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in Palomar by 48.6% in the 3rd quarter. GAMMA Investing LLC now owns 382 shares of the company’s stock worth $36,000 after buying an additional 125 shares during the period. Farther Finance Advisors LLC raised its holdings in Palomar by 490.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 455 shares of the company’s stock valued at $43,000 after acquiring an additional 378 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Palomar during the second quarter worth $49,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Palomar in the first quarter worth $59,000. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Transactions at Palomar

In other news, CFO T Christopher Uchida sold 1,111 shares of Palomar stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $104.00, for a total transaction of $115,544.00. Following the completion of the transaction, the chief financial officer now directly owns 16,432 shares in the company, valued at approximately $1,708,928. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Jon Christianson sold 10,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $94.40, for a total transaction of $944,000.00. Following the completion of the transaction, the president now directly owns 51,926 shares of the company’s stock, valued at approximately $4,901,814.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO T Christopher Uchida sold 1,111 shares of Palomar stock in a transaction on Monday, November 11th. The stock was sold at an average price of $104.00, for a total transaction of $115,544.00. Following the completion of the transaction, the chief financial officer now directly owns 16,432 shares of the company’s stock, valued at $1,708,928. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 39,076 shares of company stock valued at $3,806,029 in the last three months. 4.30% of the stock is currently owned by company insiders.

Palomar Stock Down 0.9 %

NASDAQ:PLMR opened at $100.69 on Wednesday. The firm’s fifty day simple moving average is $95.31 and its 200 day simple moving average is $89.64. The stock has a market cap of $2.67 billion, a P/E ratio of 23.92 and a beta of 0.34. Palomar Holdings, Inc. has a twelve month low of $54.50 and a twelve month high of $107.00.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings data on Monday, November 4th. The company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.20. Palomar had a return on equity of 19.65% and a net margin of 21.55%. The business had revenue of $148.50 million for the quarter, compared to analysts’ expectations of $134.72 million. During the same period in the previous year, the firm posted $0.80 EPS. On average, analysts expect that Palomar Holdings, Inc. will post 4.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group raised their target price on Palomar from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on shares of Palomar from $117.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler raised their price target on shares of Palomar from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Truist Financial upped their price target on shares of Palomar from $100.00 to $112.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. boosted their target price on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.00.

Palomar Company Profile

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.