8,502 Shares in Palomar Holdings, Inc. $PLMR Acquired by Ellsworth Advisors LLC

Posted by Stanley Muller on Oct 16th, 2026

Ellsworth Advisors LLC purchased a new position in Palomar Holdings, Inc. (NASDAQ:PLMR – Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 8,502 shares of the company’s stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its position in Palomar by 81.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 294 shares of the company’s stock valued at $40,000 after buying an additional 132 shares in the last quarter. Quantbot Technologies LP purchased a new position in Palomar during the second quarter valued at $43,000. Frazier Financial Advisors LLC purchased a new position in Palomar during the second quarter valued at $51,000. Fortitude Family Office LLC boosted its holdings in Palomar by 5,050.0% in the third quarter. Fortitude Family Office LLC now owns 412 shares of the company’s stock worth $51,000 after acquiring an additional 404 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in Palomar by 638.3% in the first quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock worth $53,000 after acquiring an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Insider Activity at Palomar

In other Palomar news, COO Rodolphe Herve sold 1,207 shares of the stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $135.35, for a total value of $163,367.45. Following the transaction, the chief operating officer owned 3,548 shares of the company’s stock, valued at approximately $480,221.80. This represents a 25.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jonathan Knutzen sold 296 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $127.75, for a total value of $37,814.00. Following the completion of the transaction, the insider directly owned 28,250 shares in the company, valued at $3,608,937.50. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 16,322 shares of company stock valued at $2,198,116 in the last 90 days. 3.70% of the stock is owned by company insiders.

Palomar Price Performance

Shares of PLMR opened at $137.61 on Friday. The firm has a fifty day simple moving average of $131.09 and a two-hundred day simple moving average of $126.16. The firm has a market cap of $3.62 billion, a PE ratio of 17.03 and a beta of 0.35. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.30. Palomar Holdings, Inc. has a 1-year low of $100.81 and a 1-year high of $147.62.

Palomar (NASDAQ:PLMR – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.17. The firm had revenue of $314.42 million for the quarter, compared to the consensus estimate of $621.52 million. Palomar had a return on equity of 23.28% and a net margin of 18.61%. During the same period last year, the business posted $1.76 EPS. On average, equities analysts anticipate that Palomar Holdings, Inc. will post 9.29 EPS for the current year.

Palomar Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, August 19th. Palomar’s dividend payout ratio is 24.19%.

Analysts Set New Price Targets

PLMR has been the topic of a number of recent research reports. Evercore set a $152.00 target price on Palomar in a research note on Friday, July 10th. Keefe, Bruyette & Woods lifted their price target on Palomar from $166.00 to $167.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Weiss Ratings raised Palomar from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Palomar from $167.00 to $156.00 and set an “overweight” rating on the stock in a research note on Friday, October 9th. Finally, Piper Sandler increased their price objective on shares of Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Palomar presently has an average rating of “Buy” and an average price target of $160.00.

View Our Latest Stock Analysis on Palomar

Palomar Company Profile

(Free Report)

Palomar Holdings, Inc is a specialty insurance company that provides property and casualty insurance products for risks that may be underserved by standard insurance carriers. The company focuses on markets where specialized underwriting expertise is important, including catastrophe-exposed property and other complex commercial and personal insurance risks.

Its offerings include commercial and residential property coverage, casualty insurance, specialty programs, and other products designed for areas such as earthquake, wind, flood, and other natural catastrophe exposures.