On October 15, 2024, T Uchida, Chief Financial Officer of Palomar Holdings Inc (PLMR, Financial), sold 1,030 shares of the company. The transaction was executed at a price of $97.65 per share, as detailed in the SEC Filing. Following this sale, the insider now owns 17,543 shares of Palomar Holdings Inc.
Palomar Holdings Inc specializes in providing insurance solutions focused on catastrophe-exposed residential and commercial properties. The company operates through its various branches and subsidiaries, tailoring coverage to meet specific customer needs in disaster-prone areas.
Over the past year, T Uchida has sold a total of 30,266 shares and has not made any purchases. This recent transaction is part of a broader trend observed within the company, where there have been 59 insider sells and only 3 insider buys over the past year.
The stock of Palomar Holdings Inc, with a market cap of $2.569 billion, is currently trading at a price-earnings ratio of 25.86. This ratio is above the industry median of 11.56, indicating a higher valuation relative to its peers.
According to the GF Value, the intrinsic value of Palomar Holdings Inc is estimated at $98.54 per share, making the stock Fairly Valued with a price-to-GF-Value ratio of 0.99. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business performance estimates.
This insider selling activity could be of interest to investors monitoring insider behaviors and evaluating the stock's current valuation in relation to its GF Value.
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.
