Palomar Holdings, Inc. (NASDAQ:PLMR) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of Palomar Holdings, Inc. (NASDAQ:PLMR) by 4.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,110 shares of the company’s stock after buying an additional 475 shares during the period. Natixis Advisors LLC’s holdings in Palomar were worth $1,173,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. acquired a new position in Palomar in the fourth quarter worth $26,000. Smartleaf Asset Management LLC lifted its position in shares of Palomar by 536.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 414 shares of the company’s stock worth $43,000 after buying an additional 349 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Palomar by 63.2% in the 4th quarter. Jones Financial Companies Lllp now owns 493 shares of the company’s stock valued at $52,000 after buying an additional 191 shares during the period. Farther Finance Advisors LLC grew its position in shares of Palomar by 21.8% during the 4th quarter. Farther Finance Advisors LLC now owns 554 shares of the company’s stock valued at $58,000 after buying an additional 99 shares during the last quarter. Finally, KBC Group NV raised its stake in Palomar by 44.9% during the fourth quarter. KBC Group NV now owns 1,045 shares of the company’s stock worth $110,000 after acquiring an additional 324 shares during the period. Institutional investors and hedge funds own 90.25% of the company’s stock.

Wall Street Analyst Weigh In

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

Palomar Stock Up 0.1 %

Shares of NASDAQ PLMR opened at $135.14 on Wednesday. The firm’s 50-day simple moving average is $119.30 and its 200 day simple moving average is $107.34. The stock has a market cap of $3.61 billion, a P/E ratio of 30.17 and a beta of 0.33. Palomar Holdings, Inc. has a fifty-two week low of $74.09 and a fifty-two week high of $136.90.

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

Insider Activity

In other Palomar news, CEO Mac Armstrong sold 4,170 shares of the business’s stock in a transaction dated Wednesday, January 1st. The shares were sold at an average price of $105.86, for a total value of $441,436.20. Following the sale, the chief executive officer now directly owns 56,936 shares in the company, valued at approximately $6,027,244.96. The trade was a 6.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Angela L. Grant sold 1,505 shares of Palomar stock in a transaction that occurred on Wednesday, January 1st. The stock was sold at an average price of $105.86, for a total transaction of $159,319.30. Following the completion of the transaction, the insider now directly owns 2,534 shares in the company, valued at $268,249.24. This represents a 37.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,455 shares of company stock worth $3,911,340. 4.30% of the stock is owned by company insiders.

Palomar 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.