Shares of Palomar Holdings Inc (NASDAQ:PLMR) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $44.80.
PLMR has been the topic of a number of research reports. Zacks Investment Research cut Palomar from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 16th. JMP Securities initiated coverage on Palomar in a research note on Wednesday, October 16th. They issued an “outperform” rating and a $50.00 target price for the company. Barclays raised their target price on Palomar from $30.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price target on shares of Palomar from $27.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Palomar from $42.00 to $48.00 in a report on Wednesday, November 6th.
PLMR traded up $0.24 on Friday, hitting $50.80. 164,200 shares of the stock traded hands, compared to its average volume of 162,945. Palomar has a 52 week low of $18.06 and a 52 week high of $55.67. The business has a fifty day moving average price of $46.63 and a two-hundred day moving average price of $33.91.
In other Palomar news, major shareholder Vi Gp Aiv Ltd. Genstar sold 787,500 shares of Palomar stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $35.04, for a total transaction of $27,594,000.00. Also, President Heath A. Fisher sold 35,000 shares of Palomar stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $36.50, for a total value of $1,277,500.00. Insiders sold 6,037,500 shares of company stock valued at $211,694,890 in the last three months.
Institutional investors have recently made changes to their positions in the stock. Strs Ohio bought a new stake in Palomar during the 2nd quarter worth approximately $36,000. JPMorgan Chase & Co. acquired a new position in shares of Palomar during the second quarter worth approximately $39,000. Atwood & Palmer Inc. acquired a new position in shares of Palomar during the third quarter worth approximately $39,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Palomar during the second quarter valued at approximately $201,000. Finally, LPL Financial LLC bought a new stake in shares of Palomar during the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 54.61% of the company’s stock.
Palomar Company Profile
There is no company description available for Palomar Holdings Inc
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