On September 17, 2024, T Uchida, Chief Financial Officer of Palomar Holdings Inc (PLMR, Financial), sold 1,017 shares of the company at a price of $99 per share. This transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 18,573 shares of Palomar Holdings Inc.
Palomar Holdings Inc is a specialty insurance company that focuses on providing insurance solutions for residential and commercial clients who need coverage for earthquake, wind, and flood, among other perils. The company operates primarily in the United States.
Over the past year, T Uchida has sold a total of 29,236 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend within Palomar Holdings Inc, where there have been 55 insider sells and only 3 insider buys over the past year.
Shares of Palomar Holdings Inc were trading at $99 on the day of the sale, giving the company a market cap of approximately $2.542 billion. The price-earnings ratio of the company stands at 25.56, which is above the industry median of 11.12.
The stock's valuation according to GF Value is $97.17, suggesting that at a price of $99, Palomar Holdings Inc is Fairly Valued. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of company performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
