Palomar (PLMR) Expected to Announce Quarterly Earnings on Wednesday

Palomar (NASDAQ:PLMR) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 12th. Analysts expect the company to announce earnings of $1.24 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Palomar Stock Down 0.3 %

Shares of PLMR opened at $109.62 on Tuesday. Palomar has a fifty-two week low of $59.08 and a fifty-two week high of $112.90. The company has a market cap of $2.90 billion, a P/E ratio of 26.04 and a beta of 0.38. The firm’s 50 day moving average price is $106.95 and its 200 day moving average price is $100.17.

Analyst Ratings Changes

Several brokerages have recently issued reports on PLMR. Keefe, Bruyette & Woods increased their price objective on Palomar from $120.00 to $136.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. Piper Sandler increased their price target on Palomar from $119.00 to $133.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Palomar from $93.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.50.

Insiders Place Their Bets

In other news, insider Angela L. Grant sold 1,505 shares of Palomar stock in a transaction dated Wednesday, January 1st. The stock was sold at an average price of $105.86, for a total transaction of $159,319.30. Following the sale, the insider now owns 2,534 shares in the company, valued at approximately $268,249.24. The trade was a 37.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Knutzen sold 282 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $104.46, for a total value of $29,457.72. Following the completion of the sale, the insider now directly owns 20,098 shares of the company’s stock, valued at $2,099,437.08. The trade was a 1.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,933 shares of company stock valued at $4,030,156 in the last ninety days. Insiders own 4.30% of the company’s stock.

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.