Palomar (PLMR) CEO Mac Armstrong Sells $484K of Stock

Palomar Holdings, Inc. [PLMR] Chief Executive Officer and Chairman Mac Armstrong sold 3,500 shares of the specialty property and casualty insurer on October 21, 2026. The transaction was revealed in a Form 4 filing with the Securities and Exchange Commission.

PLMR Palomar Holdings, Inc.

$144.53 ▲ +10.03% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Inside Mac Armstrong's Palomar Holdings Trade

The CEO carried out the sale at an average price of $138.31 per share, bringing the total value of the transaction to $484,097.25. The trade was executed under a pre-arranged Rule 10b5-1 trading schedule. Following the sale, Armstrong directly held 315,388 shares of the insurance company, which represents a decrease of about 1.1% in his personal stock ownership.

Other Institutional Activity in Palomar Holdings

Jupiter Topco LLC grew its holdings by 522,730 shares, ending with 1,045,459 shares worth about $151,100,187. American Century Companies Inc grew its holdings by 181,624 shares, ending with 767,319 shares worth about $110,900,614. Stephens Investment Management Group LLC grew its holdings by 17,373 shares, ending with 732,301 shares worth about $105,839,462. Sumitomo Mitsui Trust Group, Inc. reduced its holdings by 3,224 shares, ending with 713,127 shares worth about $103,068,244. Hood River Capital Management LLC grew its holdings by 256,229 shares, ending with 682,283 shares worth about $98,610,361.

Palomar Holdings, Inc. Stock Up 3.9%

The stock recently traded around $144.53 as of October 22, 2026. That price puts the shares about 9.8% above their 50-day moving average of $131.62 and roughly 14.7% above their 200-day moving average of $125.96. The company has a market capitalization of roughly $3.8 billion and a price-to-earnings ratio of 19.45.

Recent Earnings

The firm posted trailing-twelve-month revenue of $1.09 billion alongside earnings of $7.43 per share. The company is scheduled to release its next financial results on November 5, 2026.

Dividend

The company pays an annual dividend of $1.80 per share, which gives investors a yield of 1.29%.

Insider Buying and Selling at Palomar Holdings, Inc.

Jonathan Knutzen sold 296 shares on August 18, 2026, at an average price of $127.75 for a total value of $37,813. Mac Armstrong sold 3,500 shares on August 21, 2026, for a total value of $457,111. Daryl Bradley bought 1 share on September 2, 2026, at an average price of $131.96 for a total value of $135. Mac Armstrong sold 3,500 shares on September 21, 2026, for a total value of $472,445.

Analysts Set New Price Targets

On July 8, 2026, Keefe, Bruyette & Woods maintained an Outperform rating on the stock while raising its price target from $162.00 to $166.00. Piper Sandler maintained an Overweight rating on July 15, 2026, while raising its target from $132.00 to $165.00. JP Morgan maintained an Overweight rating on July 20, 2026, lifting its target from $150.00 to $167.00. Keefe, Bruyette & Woods maintained an Outperform rating on August 11, 2026, pushing its target from $166.00 to $167.00. JP Morgan maintained an Overweight rating on October 9, 2026, lowering its target from $167.00 to $156.00. Analysts hold a consensus buy recommendation on the stock with a mean price target of $159.17 based on 6 opinions.

About Palomar Holdings

Palomar Holdings operates as a specialty insurance provider focusing on property and casualty coverage for individuals and commercial clients across the United States. Executive stock sales under automated plans provide leadership with liquidity without altering the fundamental operations of the business.

Bottom Line

Mac Armstrong's latest stock sale trims a small portion of his overall stake through a planned schedule. Investors will look toward the upcoming earnings report on November 5, 2026, for further insight into the insurer's financial trajectory.