Palomar Holdings Inc. (NASDAQ:PLMR) reported an insider transaction by its president, Jon Christianson, who sold 1,991 shares of the company’s common stock at $119.88 per share on January 28, 2026, yielding total proceeds of $238,681, according to a Form 4 filing with the Securities and Exchange Commission.
The same filing records that Christianson acquired 5,345 performance stock units (PSUs) of Palomar common stock that were noted with a value of $0, and that he also received 7,912 restricted stock units (RSUs). Following these transactions, Christianson’s direct ownership in Palomar stands at 62,985 shares.
Company performance and analyst action
Palomar’s recent operating results provide context for the insider activity. The company reported third-quarter 2025 earnings per share of $2.01, beating analyst expectations of $1.57 and representing a 28.03% earnings surprise. Revenue for the quarter was $597.2 million versus an anticipated $540.07 million.
In response to the quarter’s results, Keefe, Bruyette & Woods adjusted its price target on Palomar to $170 from $164 and maintained an Outperform rating. KBW’s revised target is based on a multiple of 19.3 times its updated 2026 earnings per share estimate for the company, the firm indicated.
What the filings show
- Insider sale: 1,991 shares sold at $119.88 on Jan. 28, 2026, totaling $238,681.
- Units granted: 5,345 PSUs reported with a value of $0, plus 7,912 RSUs.
- Post-transaction holdings: 62,985 shares directly owned by Christianson.
The Form 4 provides a snapshot of both liquidity action and equity compensation activity for the company’s president, while the company’s quarterly results and KBW’s updated target together reflect analyst optimism based on Palomar’s recent financial performance.