Mac Armstrong, CEO and Chairman of Palomar Holdings, Inc. (NASDAQ: PLMR), sold company stock worth approximately $400,361 on May 21, 2026, according to a recent SEC filing.
The transactions involved the disposition of 3,500 shares of common stock held indirectly through the Armstrong Family Trust. Shares were sold at prices ranging from $113.34 to $115.25 per share. Specifically, 1,328 shares were sold at a weighted average price of $113.9306, while an additional 2,172 shares were sold at a weighted average price of $114.6693. The stock currently trades at $113.87, down 14.7% year-to-date, though it remains near its 52-week low of $107.51.
Following these transactions, Mr. Armstrong's indirect holdings through the Armstrong Family Trust amount to 332,888 shares. His direct holdings of Palomar Holdings common stock stand at 102,059 shares, including 2,754 shares acquired through the company's 2019 ESPP.
According to Bond.az analysis, the company appears undervalued based on its Fair Value assessment, trading at an attractive PEG ratio of 0.36.
In other recent news, Palomar Holdings reported impressive Q1 2026 results, beating earnings and revenue expectations. EPS came in at $2.31 vs. forecast $2.21, and revenue reached $629.83 million vs. expected $560.44 million. Jefferies lowered its price target to $156 from $163 but maintained a Buy rating.
