Legal & General Group Plc Invests $7.83 Million in Palomar Holdings, Inc. $PLMR

Posted by George Bondi on Sep 2nd, 2026

Legal & General Group Plc bought a new position in shares of Palomar Holdings, Inc. (NASDAQ:PLMR – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 61,942 shares of the company’s stock, valued at approximately $7,829,000. Legal & General Group Plc owned 0.24% of Palomar as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in shares of Palomar in the fourth quarter worth $33,000. Rockefeller Capital Management L.P. raised its stake in shares of 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 purchasing an additional 132 shares during the period. Quantbot Technologies LP purchased a new stake in Palomar during the 2nd quarter worth about $43,000. Frazier Financial Advisors LLC bought a new position in Palomar in the 2nd quarter worth about $51,000. Finally, Parallel Advisors LLC boosted its stake in Palomar by 638.3% in the 1st quarter. Parallel Advisors LLC now owns 443 shares of the company’s stock worth $53,000 after purchasing an additional 383 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler upped their price target on Palomar from $132.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Palomar from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Zacks Research lowered shares of Palomar from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Evercore set a $152.00 target price on shares of Palomar in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Palomar from $150.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $162.75.

Get Our Latest Report on PLMR

Palomar Stock Down 0.5%

Shares of Palomar stock opened at $131.86 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.50 and a current ratio of 0.50. Palomar Holdings, Inc. has a 52-week low of $100.81 and a 52-week high of $147.62. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 17.72 and a beta of 0.39. The company’s 50 day moving average price is $133.35 and its 200-day moving average price is $124.15.

Palomar (NASDAQ:PLMR – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $2.36 EPS for the quarter, beating the consensus estimate of $2.19 by $0.17. The firm had revenue of $314.42 million during the quarter, compared to the consensus estimate of $621.52 million. Palomar had a net margin of 18.61% and a return on equity of 23.28%. During the same period in the prior year, the firm posted $1.76 earnings per share. Equities research analysts forecast that Palomar Holdings, Inc. will post 9.21 EPS for the current year.

Palomar Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $1.80 annualized dividend and a yield of 1.4%. Palomar’s dividend payout ratio (DPR) is 24.19%.

Insider Transactions at Palomar

In other news, insider Jonathan Knutzen sold 296 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $127.75, for a total transaction of $37,814.00. Following the transaction, the insider directly owned 28,250 shares of the company’s stock, valued at approximately $3,608,937.50. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Mac Armstrong sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $130.60, for a total value of $457,100.00. Following the transaction, the chief executive officer owned 322,388 shares of the company’s stock, valued at approximately $42,103,872.80. This represents a 1.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 23,665 shares of company stock worth $3,138,093. Corporate insiders own 3.70% of the company’s stock.

About Palomar

(Free Report)

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.