Palomar Holdings CFO sells $150,240 in stock

In a recent transaction, Christopher T. Uchida, the Chief Financial Officer of Palomar Holdings, Inc. (NASDAQ:PLMR), sold 1,000 shares of the company’s common stock. The sale took place on April 14, 2025, at a price of $150.24 per share, amounting to a total value of $150,240. The transaction comes as Palomar’s stock has shown remarkable strength, gaining nearly 15% in the past week and trading near its 52-week high of $152.42.

Following this transaction, Uchida retains ownership of 8,172 shares in the company. This sale was conducted under direct ownership, as indicated in the filing. Palomar Holdings, based in La Jolla, California, operates in the fire, marine, and casualty insurance sector. The company, now valued at $4.1 billion, has demonstrated strong financial performance with 47% revenue growth over the last twelve months. According to InvestingPro analysis, which offers 15+ additional insights and a comprehensive Pro Research Report, the stock is currently trading near its Fair Value.

In other recent news, Palomar Holdings has been the focus of several analyst assessments, highlighting its financial performance and strategic initiatives. Truist Securities increased its price target for Palomar to $178 while maintaining a Buy rating, citing strong growth in the company’s E&S premiums, which exceeded market expectations. The firm also noted that lower reinsurance costs could enhance Palomar’s earnings per share by 4% in 2025. Meanwhile, Keefe, Bruyette & Woods adjusted their price target to $145, maintaining an Outperform rating, emphasizing Palomar’s strategic recruitment and product introductions as drivers for future growth.

JPMorgan upgraded Palomar’s stock rating to Overweight, raising the price target to $150, expressing confidence in the company’s growth potential despite recent share price increases. Piper Sandler also maintained an Overweight rating with a $150 price target, focusing on Palomar’s ambitious "Palomar 2X" strategy, which aims to double its size in capital, premium, and net adjusted income within three to five years. Additionally, Keefe, Bruyette & Woods analysts raised their price target to $155, highlighting the company’s robust growth strategy and potential for increased earnings per share in the coming years.

These recent developments underscore Palomar’s strategic direction and growth prospects as it seeks to capitalize on favorable market conditions and expand its presence in the specialty insurance sector.

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