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Palomar Holdings Inc (NASDAQ:PLMR), a specialty insurance provider with a market capitalization of $3.85 billion and an impressive 57.71% return over the past year, reported that Chief Financial Officer T Christopher Uchida sold 500 shares of the company’s common stock on July 16, 2025. The shares were sold at a price of $143.1, with the total transaction amounting to $71,550.
Following the transaction, Uchida directly owns 6,920 shares of Palomar Holdings. The sale was reported in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Palomar Holdings reported a notable earnings beat for the first quarter of 2025, with adjusted earnings per share reaching $1.87, surpassing the forecasted $1.62. The company achieved a 20% increase in gross written premiums, amounting to $442.2 million, although revenue slightly missed expectations. Palomar raised its full-year 2025 adjusted net income guidance to a range of $186 million to $200 million. In a separate development, Keefe, Bruyette & Woods adjusted their price target for Palomar Holdings multiple times, initially raising it to $195 and later to $205, before slightly lowering it to $204 following the company’s partnership with Neptune Flood. The firm maintained an Outperform rating throughout these adjustments. Truist Securities also increased its price target for Palomar to $188, citing a positive outlook on the company’s earnings potential. These developments indicate that analysts from both firms anticipate continued growth for Palomar Holdings, despite some adjustments in earnings estimates and price targets.
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