Blair William & Co. IL Sells 1,968 Shares of Palomar Holdings, Inc. (NASDAQ:PLMR)

Blair William & Co. IL cut its stake in shares of Palomar Holdings, Inc. (NASDAQ:PLMR) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,735 shares of the company’s stock after selling 1,968 shares during the quarter. Blair William & Co. IL owned approximately 0.54% of Palomar worth $15,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PLMR. Vanguard Group Inc. lifted its stake in shares of Palomar by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,574,923 shares of the company’s stock worth $271,886,000 after acquiring an additional 53,123 shares during the period. State Street Corp lifted its position in shares of Palomar by 3.0% in the 3rd quarter. State Street Corp now owns 1,097,702 shares of the company’s stock worth $103,919,000 after purchasing an additional 32,151 shares during the period. American Century Companies Inc. boosted its stake in shares of Palomar by 36.6% in the 4th quarter. American Century Companies Inc. now owns 785,419 shares of the company’s stock valued at $82,932,000 after purchasing an additional 210,523 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Palomar by 3.2% during the third quarter. Geode Capital Management LLC now owns 600,092 shares of the company’s stock worth $56,822,000 after buying an additional 18,335 shares during the period. Finally, Artemis Investment Management LLP raised its stake in Palomar by 18.7% during the fourth quarter. Artemis Investment Management LLP now owns 455,082 shares of the company’s stock worth $48,052,000 after buying an additional 71,806 shares during the last quarter. Institutional investors own 90.25% of the company’s stock.

Palomar Stock Up 0.1 %

Shares of NASDAQ:PLMR opened at $136.77 on Friday. Palomar Holdings, Inc. has a twelve month low of $74.09 and a twelve month high of $138.69. The stock’s 50 day moving average is $120.94 and its 200-day moving average is $108.01. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 30.53 and a beta of 0.33.

Palomar (NASDAQ:PLMR) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Palomar had a net margin of 21.23% and a return on equity of 19.76%. Equities research analysts anticipate that Palomar Holdings, Inc. will post 5.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Mac Armstrong sold 5,000 shares of the business’s stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $129.72, for a total value of $648,600.00. Following the transaction, the chief executive officer now directly owns 402,388 shares of the company’s stock, valued at approximately $52,197,771.36. The trade was a 1.23 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Knutzen sold 282 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $104.46, for a total transaction of $29,457.72. Following the transaction, the insider now owns 20,098 shares of the company’s stock, valued at approximately $2,099,437.08. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,455 shares of company stock valued at $3,911,340. Corporate insiders own 4.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Truist Financial upped their price target on shares of Palomar from $112.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Piper Sandler lifted their target price on Palomar from $133.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Palomar in a report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Palomar from $152.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Palomar presently has an average rating of “Moderate Buy” and an average target price of $127.83.

About Palomar

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.