Palomar Holdings CEO Executes Routine Insider Sale Amid Strong Financial Growth

Mac Armstrong, CEO and Chairman of Palomar Holdings (NASDAQ: PLMR), has sold 3,500 shares of common stock through indirect holdings. The transaction, executed on April 21, 2026, totaled approximately $458,000 based on a weighted average sale price of $130.77 per share, according to an SEC Form 4 filing. The sale represents roughly 1% of Armstrong's indirect holdings via the Armstrong Family Trust. Following the transaction, Armstrong maintains 336,388 indirect shares and 102,059 direct shares. The move is viewed as routine and does not appear to signal a shift in leadership's confidence in the firm's long-term trajectory. Palomar has demonstrated robust growth despite a 15% decline in its stock price over the last year, which was attributed to disappointing underwriting results. In 2025, the company saw net income surge 67.6% to $197.1 million, while adjusted net income rose 62% to $216.1 million. This expansion was supported by a 31.5% increase in gross written premiums, reaching $2 billion, and a net earned premium increase of over 57%. Management attributed the success to the strategic acquisitions of The Gray Casualty and Surety Company and Advanced Ag Protection. Investors are now looking toward the next earnings report, scheduled for early next month, to assess the company's underwriting discipline.