Palomar Holdings, Inc. (NASDAQ:PLMR – Get Free Report) President Jon Christianson sold 6,863 shares of Palomar stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $139.50, for a total value of $957,388.50. Following the completion of the transaction, the president directly owned 66,478 shares in the company, valued at $9,273,681. This trade represents a 9.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jon Christianson also recently made the following trade(s):
- On Wednesday, April 15th, Jon Christianson sold 1,937 shares of Palomar stock. The stock was sold at an average price of $128.62, for a total transaction of $249,136.94.
- On Tuesday, April 7th, Jon Christianson sold 3,000 shares of Palomar stock. The stock was sold at an average price of $125.00, for a total transaction of $375,000.00.
Palomar Stock Down 0.5%
Shares of NASDAQ PLMR opened at $144.52 on Thursday. The firm’s fifty day moving average is $116.66 and its 200 day moving average is $123.13. Palomar Holdings, Inc. has a 52 week low of $100.81 and a 52 week high of $147.62. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 20.13 and a beta of 0.41.
Palomar News Roundup
Here are the key news stories impacting Palomar this week:
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target on Palomar Holdings (PLMR) to $166 from $162 and kept an Outperform rating, signaling continued confidence in the company’s earnings outlook. Benzinga
- Neutral Sentiment: Zacks Research made small downward tweaks to near-term and longer-dated earnings estimates, including Q1 2027 and Q2 2028, while keeping a Hold rating. These revisions are modest, but they suggest analysts are still refining expectations after the company’s recent guidance update.
- Neutral Sentiment: Zacks Research also trimmed its FY2027 EPS estimate slightly to $9.66 from $9.72, which is a minor change and unlikely to be a major stock driver on its own.
- Negative Sentiment: Investor sentiment may also be keeping an eye on insider selling: Palomar President Jon Christianson sold 6,863 shares in a pre-arranged 10b5-1 plan. While routine, insider sales can sometimes create caution among traders. InsiderTrades
- Negative Sentiment: Earlier analyst work also included price-target cuts from some firms, showing that not all Wall Street views are uniformly bullish even after Palomar’s recent earnings beat and guidance increase.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Palomar from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of Palomar from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Zacks Research downgraded shares of Palomar from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Keefe, Bruyette & Woods raised their price objective on shares of Palomar from $162.00 to $166.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Piper Sandler cut their price objective on Palomar from $151.00 to $132.00 and set an “overweight” rating on the stock in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $149.50.
Get Our Latest Stock Report on PLMR
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Summit Global Investments grew its holdings in Palomar by 1.7% in the fourth quarter. Summit Global Investments now owns 4,646 shares of the company’s stock worth $626,000 after purchasing an additional 79 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Palomar by 3.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,546 shares of the company’s stock worth $333,000 after acquiring an additional 82 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Palomar by 2.0% in the fourth quarter. Quadrant Capital Group LLC now owns 4,464 shares of the company’s stock worth $602,000 after acquiring an additional 88 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Palomar by 0.4% during the second quarter. California State Teachers Retirement System now owns 24,207 shares of the company’s stock valued at $3,734,000 after acquiring an additional 97 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Palomar by 11.7% during the fourth quarter. Covestor Ltd now owns 1,254 shares of the company’s stock valued at $169,000 after acquiring an additional 131 shares in the last quarter. 90.25% of the stock is currently owned by institutional investors.
About Palomar
Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.
In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.
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