Palomar Holdings, Inc. (NASDAQ:PLMR) Director Martha Notaras bought 350 shares of the company’s stock in a transaction on Monday, May 10th. The stock was bought at an average price of $66.25 per share, for a total transaction of $23,187.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Palomar stock opened at $62.95 on Friday. Palomar Holdings, Inc. has a 52-week low of $54.00 and a 52-week high of $121.87. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of 79.68 and a beta of -0.13. The company has a fifty day moving average of $70.27 and a 200-day moving average of $83.18.
Palomar (NASDAQ:PLMR) last announced its quarterly earnings data on Wednesday, May 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.22. Palomar had a net margin of 11.97% and a return on equity of 6.95%. On average, analysts predict that Palomar Holdings, Inc. will post 0.62 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. increased its stake in shares of Palomar by 89.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 1,240,588 shares of the company’s stock worth $110,214,000 after acquiring an additional 584,039 shares in the last quarter. Villere ST Denis J & Co. LLC increased its stake in Palomar by 155.8% during the 1st quarter. Villere ST Denis J & Co. LLC now owns 926,325 shares of the company’s stock valued at $62,100,000 after purchasing an additional 564,176 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Palomar by 159.9% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 785,795 shares of the company’s stock valued at $69,810,000 after purchasing an additional 483,445 shares in the last quarter. Federated Hermes Inc. increased its stake in Palomar by 683.0% during the 4th quarter. Federated Hermes Inc. now owns 542,072 shares of the company’s stock valued at $48,158,000 after purchasing an additional 472,842 shares in the last quarter. Finally, Oak Ridge Investments LLC increased its stake in Palomar by 736.0% during the 1st quarter. Oak Ridge Investments LLC now owns 500,562 shares of the company’s stock valued at $33,557,000 after purchasing an additional 440,688 shares in the last quarter. Institutional investors and hedge funds own 90.70% of the company’s stock.
Palomar Holdings, Inc, an insurance holding company, provides specialty property insurance to residential and commercial customers. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance, commercial flood, real estate error and omission, and real estate investor products.
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