Palomar (NASDAQ:PLMR – Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Palomar to post earnings of $0.81 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Palomar (NASDAQ:PLMR – Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. Palomar had a return on equity of 19.35% and a net margin of 21.07%. The firm had revenue of $102.35 million for the quarter, compared to analysts’ expectations of $95.07 million. On average, analysts expect Palomar to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Palomar Stock Down 0.5 %
Shares of PLMR opened at $81.38 on Thursday. The business’s 50-day moving average price is $78.15 and its 200-day moving average price is $64.82. Palomar has a twelve month low of $46.09 and a twelve month high of $86.25. The stock has a market cap of $2.03 billion, a PE ratio of 26.08 and a beta of 0.21.
Analyst Upgrades and Downgrades
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Insider Buying and Selling
In other Palomar news, President Jon Christianson sold 423 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $60.13, for a total value of $25,434.99. Following the completion of the sale, the president now owns 70,612 shares of the company’s stock, valued at $4,245,899.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Palomar news, President Jon Christianson sold 423 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $60.13, for a total value of $25,434.99. Following the completion of the sale, the president now owns 70,612 shares of the company’s stock, valued at $4,245,899.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO T Christopher Uchida sold 750 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $74.36, for a total value of $55,770.00. Following the completion of the sale, the chief financial officer now directly owns 29,844 shares of the company’s stock, valued at approximately $2,219,199.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,509 shares of company stock worth $3,559,367. Insiders own 4.30% of the company’s stock.
About Palomar
Palomar Holdings, Inc, a specialty insurance company, provides property and casualty insurance to residential and businesses in the United States. The company offers personal and commercial specialty property insurance products, including residential and commercial earthquake, fronting, commercial all risk, specialty homeowners, inland marine, Hawaii hurricane, and residential flood, as well as other products, such as assumed reinsurance.
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