New insider activity at Palomar Holdings ( (PLMR) ) has taken place on March 7, 2025.
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CEO & Chairman Mac Armstrong recently sold 5,000 shares of Palomar Holdings stock, amounting to a total transaction value of $645,953.
Recent Updates on PLMR stock
In the last 24 hours, Palomar Holdings has seen several price target increases from analysts, driven by strong financial performance and growth prospects. Keefe Bruyette raised its price target due to sustained premium growth and solid underwriting results, expecting continued outperformance. Truist increased its target following a Q4 earnings beat, citing higher net earned premiums and a lower assumed combined ratio, along with a strong topline growth. Piper Sandler also raised its target after Palomar reported better-than-expected underwriting results and lower catastrophe losses from Hurricane Milton. The company’s recent earnings report highlighted significant growth in gross written premiums and net income, despite challenges like the Los Angeles wildfires and a decline in the fronting business. Palomar’s strategic initiatives and acquisitions, such as the purchase of First Indemnity of America, are expected to drive future growth, while the company remains optimistic about reinsurance renewals and its financial outlook for 2025.
More about Palomar Holdings
YTD Price Performance: 23.48%
Average Trading Volume: 179,202
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $3.39B