New insider activity at Palomar Holdings ( (PLMR) ) has taken place on April 24, 2025.
CEO & Chairman Mac Armstrong has made a significant move by selling 5,000 shares of Palomar Holdings stock, amounting to a total transaction value of $727,005. This sale highlights a notable shift in the executive’s stake in the company.
Recent Updates on PLMR stock
In the past 24 hours, Palomar Holdings (PLMR) has seen several price target adjustments from analysts. Truist raised its price target from $150 to $178, citing strong premium growth in key states that align with Palomar’s PESIC E&S operation, which is expected to meet or exceed a 21% expansion outlook. Jefferies increased its target from $145 to $168, highlighting manageable earnings risks due to tariffs and the company’s defensive positioning. Meanwhile, Keefe Bruyette lowered its target from $155 to $145, maintaining an Outperform rating without specific reasoning provided. JPMorgan upgraded Palomar to Overweight from Neutral, raising its target from $115 to $150, based on a multi-year growth runway and strong gross premium growth not fully reflected in earnings expectations.
Spark’s Take on PLMR Stock
According to Spark, TipRanks’ AI Analyst, PLMR is a Outperform.
Palomar Holdings exhibits strong financial and technical performance with significant revenue growth and a bullish technical outlook. These positive factors are slightly offset by a high P/E ratio and the challenges discussed in the earnings call, such as the impact of wildfires on the California insurance market. Overall, the company’s strategic growth initiatives and strong equity position underpin a solid stock performance outlook.
To see Spark’s full report on PLMR stock, click here.
More about Palomar Holdings
YTD Price Performance: 41.75%
Average Trading Volume: 258,839
Technical Sentiment Signal: Sell
Current Market Cap: $3.96B