Jon Christianson, president of Palomar Holdings Inc (NASDAQ: PLMR), reported the sale of 1,673 shares of common stock granted as restricted stock units (RSUs) on January 29 and January 31, 2026. The transactions were completed at prices between $121.7473 and $122.043, producing gross proceeds of approximately $204,025.
On the same dates, Christianson exercised options that resulted in the issuance of 4,109 shares of common stock, recorded at an exercise price of $0.00. After accounting for the sales and the option exercises, Christianson is listed as the direct owner of 65,421 Palomar shares.
Valuation and recent performance
Palomar is currently valued at about $3.29 billion. Over the last 12 months the company’s share price has increased by 16%. InvestingPro analysis, cited in company reporting, indicates Palomar appears undervalued when compared to its estimated Fair Value. The company is trading at a price-to-earnings ratio of 19.4 and a price/earnings-to-growth (PEG) ratio of 0.36. Palomar has also registered near 55% revenue growth, according to the same analysis.
InvestingPro further highlights that the stock is trading at a relatively low P/E ratio in relation to near-term earnings growth and notes that a comprehensive Pro Research Report is available for Palomar and more than 1,400 other U.S. equities.
Recent operational and financing developments
Palomar reported a strong third quarter for 2025, posting earnings per share of $2.01, well ahead of the $1.57 consensus estimate. Revenue for that quarter came in at $597.2 million, exceeding the expected $540.07 million.
The company has completed the acquisition of The Gray Casualty & Surety Company, a transaction that followed the completion of the sale of Gray Surety by private equity firm BCP to Palomar. To support its operations and strategic activity, Palomar secured $450 million in new unsecured financing, comprised of a $150 million revolving facility and a $300 million term loan.
On the equity research front, Keefe, Bruyette & Woods increased its price target for Palomar to $170 and maintained an Outperform rating.
Upcoming catalyst
Investors should note that Palomar is scheduled to report earnings on February 18, 2026. That report will provide an updated data point on whether recent revenue momentum and integration of acquisitions are translating into continued near-term earnings growth.
What the transactions mean on the record
The filings show a paired set of insider actions: a partial disposition of RSUs for cash proceeds and the simultaneous conversion of options into shares at no exercise cost. The filings leave Christianson with 65,421 direct shares. The record contains no additional commentary from company executives about the trades.
Given Palomar’s recent financial results, completed acquisition, and fresh financing, the company’s near-term operating picture will be further clarified by its February earnings release.