Palomar (PLMR) Set to Announce Earnings on Wednesday

Palomar (NASDAQ:PLMRGet Free Report) is set to release its earnings data after the market closes on Wednesday, February 14th. Analysts expect Palomar to post earnings of $0.85 per share for the quarter.

Palomar Price Performance

Shares of NASDAQ PLMR traded up $0.33 on Thursday, hitting $59.73. The company’s stock had a trading volume of 69,138 shares, compared to its average volume of 126,672. Palomar has a 12-month low of $46.09 and a 12-month high of $64.41. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 21.11 and a beta of 0.15. The stock has a 50 day moving average of $59.42 and a 200-day moving average of $55.96.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Palomar from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Palomar currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.20.

Check Out Our Latest Analysis on Palomar

Insiders Place Their Bets

In other Palomar news, CEO Mac Armstrong sold 1,541 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $59.19, for a total transaction of $91,211.79. Following the transaction, the chief executive officer now owns 46,842 shares of the company’s stock, valued at $2,772,577.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Mac Armstrong sold 1,541 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $59.19, for a total value of $91,211.79. Following the completion of the sale, the chief executive officer now owns 46,842 shares of the company’s stock, valued at $2,772,577.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Jon Christianson sold 4,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $60.11, for a total transaction of $240,440.00. Following the completion of the sale, the president now directly owns 72,887 shares of the company’s stock, valued at approximately $4,381,237.57. The disclosure for this sale can be found here. Insiders have sold a total of 20,866 shares of company stock valued at $1,240,865 over the last quarter. Company insiders own 4.40% of the company’s stock.

Institutional Investors Weigh In On Palomar

Several large investors have recently made changes to their positions in PLMR. BlackRock Inc. grew its holdings in Palomar by 0.9% during the 1st quarter. BlackRock Inc. now owns 3,633,581 shares of the company’s stock valued at $232,512,000 after purchasing an additional 32,307 shares in the last quarter. Vanguard Group Inc. grew its holdings in Palomar by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,217,070 shares of the company’s stock valued at $185,612,000 after purchasing an additional 69,846 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Palomar by 0.4% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,600,319 shares of the company’s stock worth $103,061,000 after acquiring an additional 6,497 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Palomar by 14.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,199,322 shares of the company’s stock worth $54,162,000 after acquiring an additional 147,566 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its holdings in Palomar by 12.8% during the 2nd quarter. Stephens Investment Management Group LLC now owns 965,169 shares of the company’s stock worth $56,018,000 after acquiring an additional 109,547 shares in the last quarter. Institutional investors and hedge funds own 88.33% of the company’s stock.

Palomar Company Profile

(Get Free Report)

Palomar Holdings, Inc, an insurance holding 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.

See Also

Earnings History for Palomar (NASDAQ:PLMR)

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