Palomar Holdings, Inc. (NASDAQ: PLMR) reported an insider transaction by its Chief Risk Officer, Jonathan Knutzen, in a Form 4 filed with the Securities and Exchange Commission. The filing shows Knutzen sold 1,535 shares of common stock at a price of $119.88 per share on January 28, 2026, resulting in proceeds of $184,015.
The same filing records simultaneous equity awards to Knutzen. On January 28, 2026, he acquired 4,779 performance stock units (PSUs) that are reported with a value of $0.00 in the filing, and he also received 5,897 restricted stock units (RSUs). Following these transactions, Knutzen directly owns 24,809 shares of Palomar common stock.
These insider movements coincide with recent company results and analyst action. Palomar disclosed strong third-quarter 2025 financial results that exceeded expectations: earnings per share of $2.01 versus the forecasted $1.57, a 28.03% surprise to the upside. Revenue for the period came in at $597.2 million, topping the consensus estimate of $540.07 million.
Following the results, Keefe, Bruyette & Woods adjusted its target price for Palomar to $170, up from $164, while retaining an Outperform rating. KBW’s change in target is noted to align with its updated 2026 earnings per share estimate for the company.
The Form 4 details the specific share sale and concurrent equity grants; it does not include additional commentary on the rationale for the sale or the acquisition of PSUs and RSUs. The filings and the company’s reported quarter together present a picture of active insider transactions alongside materially stronger-than-expected operating results and analyst reassessment of valuation.
Below are the central facts drawn from the filings and company disclosures.
- Insider sale: 1,535 shares sold at $119.88 on January 28, 2026; total value $184,015.
- Equity awards: Acquisition of 4,779 PSUs (reported value $0.00) and 5,897 RSUs on the same date.
- Post-transaction ownership: Knutzen directly owns 24,809 shares.
- Quarterly performance: Q3 2025 EPS $2.01 vs. $1.57 estimate; revenue $597.2M vs. $540.07M estimate.
- Analyst update: KBW raised its price target to $170 from $164 and kept an Outperform rating, citing updated 2026 EPS expectations.