Palomar Holdings, Inc. (NASDAQ:PLMR) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Palomar Holdings, Inc. (NASDAQ:PLMR) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,110 shares of the company’s stock after buying an additional 475 shares during the quarter. Natixis Advisors LLC’s holdings in Palomar were worth $1,173,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in Palomar during the 3rd quarter worth approximately $10,994,000. Soros Fund Management LLC purchased a new position in shares of Palomar during the third quarter valued at $9,467,000. Artemis Investment Management LLP raised its position in Palomar by 18.7% during the fourth quarter. Artemis Investment Management LLP now owns 455,082 shares of the company’s stock valued at $48,052,000 after buying an additional 71,806 shares during the period. Barclays PLC lifted its stake in Palomar by 112.6% in the 3rd quarter. Barclays PLC now owns 71,803 shares of the company’s stock worth $6,798,000 after acquiring an additional 38,027 shares in the last quarter. Finally, Moody Aldrich Partners LLC boosted its position in Palomar by 130.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 62,322 shares of the company’s stock worth $6,581,000 after acquiring an additional 35,270 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Insider Buying and Selling

In other news, CEO Mac Armstrong sold 5,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $129.72, for a total value of $648,600.00. Following the completion of the sale, the chief executive officer now directly owns 402,388 shares in the company, valued at approximately $52,197,771.36. The trade was a 1.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO T Christopher Uchida sold 864 shares of the firm’s stock in a transaction on Wednesday, January 1st. The shares were sold at an average price of $105.86, for a total transaction of $91,463.04. Following the completion of the transaction, the chief financial officer now owns 17,288 shares in the company, valued at $1,830,107.68. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,455 shares of company stock worth $3,911,340. 4.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Palomar Trading Up 0.1 %

PLMR stock opened at $135.14 on Wednesday. The firm has a market cap of $3.61 billion, a PE ratio of 30.17 and a beta of 0.33. Palomar Holdings, Inc. has a 1 year low of $74.09 and a 1 year high of $136.90. The company has a fifty day simple moving average of $119.30 and a 200 day simple moving average of $107.34.

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

Palomar Company Profile

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.