Jonathan Knutzen Sells 1,535 Shares of Palomar (NASDAQ:PLMR) Stock

Palomar Holdings, Inc. (NASDAQ:PLMR) insider Jonathan Knutzen sold 1,535 shares of Palomar stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $119.88, for a total value of $184,015.80. Following the sale, the insider directly owned 24,809 shares in the company, valued at $2,974,102.92. The trade was a 5.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Jonathan Knutzen also recently made the following trade(s):

• On Tuesday, November 18th, Jonathan Knutzen sold 281 shares of Palomar stock. The stock was sold at an average price of $128.84, for a total value of $36,204.04.

Palomar Price Performance

PLMR opened at $123.59 on Friday. The company has a market capitalization of $3.28 billion, a P/E ratio of 19.28 and a beta of 0.42. The firm’s fifty day moving average price is $127.65 and its two-hundred day moving average price is $123.83. Palomar Holdings, Inc. has a fifty-two week low of $104.47 and a fifty-two week high of $175.85.

Palomar (NASDAQ:PLMR) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.45. The firm had revenue of $244.66 million during the quarter, compared to analyst estimates of $207.98 million. Palomar had a net margin of 22.59% and a return on equity of 21.93%. During the same quarter in the prior year, the business posted $1.23 earnings per share. On average, equities research analysts expect that Palomar Holdings, Inc. will post 5.99 EPS for the current fiscal year.

Key Headlines Impacting Palomar

Here are the key news stories impacting Palomar this week:

• Neutral Sentiment: Yahoo Finance published a piece asking whether PLMR’s recent price slide creates a long‑term buying opportunity — a constructive framing for value investors but speculative. Is Palomar Holdings (PLMR) Price Slide Creating A Long Term Opportunity For Investors
• Negative Sentiment: CEO Mac Armstrong sold 11,484 shares at $119.88 (≈$1.38M); his post-sale holding is 91,737 shares (11.13% decrease). SEC filing: CEO Sale Filing
• Negative Sentiment: President Jon Christianson sold 1,991 shares at $119.88 (≈$238.7k); post-sale holding 62,985 shares (3.06% decrease). SEC filing: President Sale Filing
• Negative Sentiment: CFO T. Christopher Uchida sold 2,103 shares at $119.88 (≈$252.1k); post-sale holding 11,473 shares (15.49% decrease). SEC filing: CFO Sale Filing
• Negative Sentiment: Insider Jonathan Knutzen sold 1,535 shares at $119.88 (≈$184.0k); post-sale holding 24,809 shares (5.83% decrease). SEC filing: Insider Sale Filing
• Negative Sentiment: Insider Angela L. Grant sold 1,447 shares at $119.88 (≈$173.5k); post-sale holding 5,242 shares (21.63% decrease). SEC filing: Insider Sale Filing

Analysts Set New Price Targets

A number of research firms recently weighed in on PLMR. Keefe, Bruyette & Woods raised their price target on Palomar from $170.00 to $171.00 and gave the company an “outperform” rating in a report on Tuesday, January 6th. JPMorgan Chase & Co. upped their target price on shares of Palomar from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Weiss Ratings raised Palomar from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen upgraded shares of Palomar from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Palomar currently has a consensus rating of “Moderate Buy” and an average price target of $159.50.

Institutional Trading of Palomar

A number of hedge funds and other institutional investors have recently made changes to their positions in PLMR. Osaic Holdings Inc. boosted its holdings in shares of Palomar by 93.7% in the 2nd quarter. Osaic Holdings Inc. now owns 19,370 shares of the company’s stock valued at $2,933,000 after buying an additional 9,371 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Palomar during the 3rd quarter worth about $1,459,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Palomar by 11.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 456,172 shares of the company’s stock worth $53,258,000 after acquiring an additional 45,665 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Palomar by 434.6% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 36,496 shares of the company’s stock worth $4,261,000 after purchasing an additional 29,669 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Palomar during the third quarter worth $2,452,000. 90.25% of the stock is currently owned by institutional investors and hedge funds.

About Palomar

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.