Palomar Holdings, Inc. $PLMR Stake Raised by F m Investments LLC

F m Investments LLC boosted its holdings in Palomar Holdings, Inc. (NASDAQ:PLMR) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,665 shares of the company’s stock after acquiring an additional 7,529 shares during the quarter. F m Investments LLC owned about 0.19% of Palomar worth $6,693,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PLMR. Richardson Financial Services Inc. raised its holdings in Palomar by 210.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 217 shares of the company’s stock worth $25,000 after buying an additional 147 shares during the period. Geneos Wealth Management Inc. acquired a new stake in Palomar during the 4th quarter worth about $32,000. Clearstead Advisors LLC raised its holdings in Palomar by 31.0% during the 3rd quarter. Clearstead Advisors LLC now owns 397 shares of the company’s stock worth $46,000 after buying an additional 94 shares during the period. NewEdge Advisors LLC acquired a new stake in Palomar during the 1st quarter worth about $66,000. Finally, IFP Advisors Inc raised its holdings in Palomar by 43.9% during the 3rd quarter. IFP Advisors Inc now owns 482 shares of the company’s stock worth $56,000 after buying an additional 147 shares during the period. 90.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLMR has been the topic of several recent analyst reports. Evercore initiated coverage on Palomar in a report on Monday, February 9th. They set an “outperform” rating and a $150.00 price objective on the stock. Keefe, Bruyette & Woods boosted their price objective on Palomar from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. JPMorgan Chase & Co. lifted their target price on Palomar from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings cut Palomar from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Wall Street Zen cut Palomar from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Palomar presently has a consensus rating of “Buy” and an average target price of $161.75.

Insider Transactions at Palomar

In related news, CFO T Christopher Uchida sold 783 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $128.04, for a total value of $100,255.32. Following the completion of the sale, the chief financial officer owned 14,752 shares of the company’s stock, valued at approximately $1,888,846.08. The trade was a 5.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Knutzen sold 281 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $128.04, for a total value of $35,979.24. Following the completion of the sale, the insider directly owned 27,579 shares of the company’s stock, valued at approximately $3,531,215.16. The trade was a 1.01% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 21,720 shares of company stock worth $2,733,817. 3.70% of the stock is owned by corporate insiders.

Palomar Trading Down 0.2%

NASDAQ:PLMR opened at $113.36 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.49 and a quick ratio of 0.50. Palomar Holdings, Inc. has a fifty-two week low of $107.75 and a fifty-two week high of $175.85. The stock’s 50-day moving average is $123.26 and its two-hundred day moving average is $124.67. The stock has a market cap of $3.01 billion, a PE ratio of 15.79 and a beta of 0.49.

Palomar (NASDAQ:PLMR) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.17 by $0.14. The business had revenue of $278.94 million during the quarter, compared to analysts’ expectations of $557.79 million. Palomar had a return on equity of 22.62% and a net margin of 20.11%.The firm’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.87 EPS. As a group, equities research analysts forecast that Palomar Holdings, Inc. will post 8.97 earnings per share for the current fiscal year.

Palomar Company Profile

Palomar Holdings, Inc (NASDAQ: PLMR) is a specialty insurance holding company focused on providing medical stop-loss coverage and related administrative services to self-funded employer health plans in the United States. The firm operates through two primary business segments—Medical Stop-Loss and Specialty Program Management—to deliver tailored risk protection and comprehensive program administration.

In its Medical Stop-Loss segment, Palomar underwrites excess and aggregate stop-loss policies designed to shield self-insured employers from catastrophic medical claims that exceed pre-determined retention levels.