JP Morgan upgrades Palomar Holdings Inc (PLMR) stock to an Overweight

In a filing, Palomar Holdings Inc revealed its CEO and Chairman Armstrong Mac unloaded Company’s shares for reported $0.63 million on Aug 21 ’25. In the deal valued at $126.56 per share,5,000 shares were sold. As a result of this transaction, Armstrong Mac now holds 377,388 shares worth roughly $46.43 million.

Then, ARMSTRONG FAMILY TRUST U/A DTD bought 5,000 shares, generating $625,350 in total proceeds.

Before that, Uchida T Christopher sold 782 shares. Palomar Holdings Inc shares valued at $93,942 were divested by the Chief Financial Officer at a price of $120.13 per share. As a result of the transaction, Uchida T Christopher now holds 7,668 shares, worth roughly $0.94 million.

JP Morgan upgraded its Palomar Holdings Inc [PLMR] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early April from “an Overweight” to “a Neutral”. Jefferies also remained covering PLMR and has increased its forecast on March 14, 2024 with a “Buy” recommendation from previously “Hold” rating. Keefe Bruyette revised its rating on May 16, 2023. It rated PLMR as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of PLMR

On Friday, Palomar Holdings Inc [NASDAQ:PLMR] saw its stock fall -0.88% to $123.02. Over the last five days, the stock has lost -1.62%. Palomar Holdings Inc shares have risen nearly 25.95% since the year began. Nevertheless, the stocks have risen 16.51% over the past one year. While a 52-week high of $175.85 was reached on 06/03/25, a 52-week low of $85.00 was recorded on 01/10/25.

Levels Of Support And Resistance For PLMR Stock

The 24-hour chart illustrates a support level at 121.68, which if violated will result in even more drops to 120.35. On the upside, there is a resistance level at 125.46. A further resistance level may holdings at 127.91.

How much short interest is there in Palomar Holdings Inc?

A steep rise in short interest was recorded in Palomar Holdings Inc stocks on 2025-08-15, dropping by -0.2 million shares to a total of 0.42 million shares. Yahoo Finance data shows the prior-month short interest on 2025-07-15 was 0.62 million shares. There was a decline of -47.81%, which implies that there is a negative sentiment for the stock.

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