Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Palomar Holdings, Inc. (NASDAQ:PLMR) Chief Financial Officer T Christopher Uchida, sold 500 shares of common stock on June 18, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $158.69, for a total transaction value of $79,345. The sale comes amid a strong year for Palomar, with the stock delivering a 91.6% return over the past twelve months.
Following the transaction, Uchida directly owns 7,420 shares of Palomar Holdings, Inc. The company, currently valued at $4.15 billion, has attracted positive analyst attention with price targets ranging from $168 to $205. InvestingPro analysis reveals 11 additional key insights about Palomar’s valuation and growth prospects.
In other recent news, Palomar Holdings reported a strong earnings performance for the first quarter of 2025, with adjusted earnings per share (EPS) reaching $1.87, surpassing the forecasted $1.62. The company achieved a 20% increase in gross written premiums, amounting to $442.2 million. Following this performance, Palomar raised its full-year 2025 adjusted net income guidance to a range of $186 million to $200 million. Meanwhile, Keefe, Bruyette & Woods updated their stance on Palomar, increasing the price target to $205 from $195 and maintaining an Outperform rating, citing improved financial guidance and reduced reinsurance costs. Analysts at the firm have also revised their EPS estimates for 2025 and 2026 to $6.95 and $8.40, respectively. Truist Securities also raised Palomar’s stock target to $188, highlighting the company’s earnings potential. The firm’s analyst, Mark Hughes, noted the potential benefits from lower reinsurance costs. These developments reflect a positive outlook for Palomar, driven by strategic moves in reinsurance and premium growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.