Palomar Holdings, Inc. (NASDAQ:PLMR) Holdings Trimmed by Sei Investments Co.

Sei Investments Co. cut its holdings in Palomar Holdings, Inc. (NASDAQ:PLMR) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,416 shares of the company’s stock after selling 1,360 shares during the quarter. Sei Investments Co. owned about 0.29% of Palomar worth $8,174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PLMR. Blue Trust Inc. bought a new stake in Palomar during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC grew its holdings 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 acquiring an additional 349 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Palomar by 63.2% during the fourth quarter. Jones Financial Companies Lllp now owns 493 shares of the company’s stock worth $52,000 after purchasing an additional 191 shares during the period. Farther Finance Advisors LLC raised its position in shares of Palomar by 21.8% during the fourth quarter. Farther Finance Advisors LLC now owns 554 shares of the company’s stock worth $58,000 after purchasing an additional 99 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Palomar by 44.9% during the fourth quarter. KBC Group NV now owns 1,045 shares of the company’s stock valued at $110,000 after purchasing an additional 324 shares during the last quarter. 90.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PLMR has been the subject of a number of analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Palomar in a research note on Thursday, February 13th. Keefe, Bruyette & Woods upped their price target on shares of Palomar from $152.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, March 21st. Truist Financial boosted 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. Finally, Piper Sandler lifted their price target on Palomar from $133.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.83.

Insider Activity at Palomar

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

Palomar Stock Up 0.1 %

Shares of NASDAQ:PLMR opened at $136.77 on Monday. The firm has a fifty day moving average of $120.94 and a two-hundred day moving average of $108.23. Palomar Holdings, Inc. has a 12-month low of $74.09 and a 12-month high of $138.69. The firm has a market capitalization of $3.65 billion, a P/E ratio of 30.53 and a beta of 0.33.

Palomar (NASDAQ:PLMR) last released 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 return on equity of 19.76% and a net margin of 21.23%. Equities research analysts expect that Palomar Holdings, Inc. will post 5.99 earnings per share 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.