Palomar Holdings appointed Scott Beiser to its Board of Directors, effective May 21, 2026, enhancing leadership expertise.
Quiver AI Summary
Palomar Holdings, Inc. has appointed Scott Beiser to its Board of Directors, effective May 21, 2026. Beiser, who has extensive experience in investment banking as Co-Chairman of Houlihan Lokey and a former CEO, has a strong background in strategic planning, corporate governance, and enhancing shareholder value. He has been instrumental in Houlihan Lokey's growth, leading its IPO in 2015 and serving on its Board since 1991. Palomar's CEO, Mac Armstrong, expressed enthusiasm for Beiser's expertise and leadership, emphasizing his potential impact on the company's growth strategy. Beiser also expressed his eagerness to contribute to Palomar's objectives and long-term value creation. Palomar Holdings operates multiple insurance subsidiaries, specializing in various products including earthquake and crop insurance, and maintains high financial strength ratings.
Potential Positives
- Scott Beiser has been appointed to Palomar's Board of Directors, bringing extensive executive leadership and public company experience, which can enhance the company's governance and strategic direction.
- Mr. Beiser's track record of delivering sustained growth and creating shareholder value at Houlihan Lokey may contribute positively to Palomar's long-term strategic objectives and profitability.
- The appointment of an experienced leader like Mr. Beiser demonstrates Palomar's commitment to enhancing its Board with individuals who have a proven record in transforming organizations and driving value.
- Mr. Beiser's expertise in capital allocation and strategic planning can support Palomar in executing its growth initiatives and improving shareholder returns.
Potential Negatives
- Appointment of a new board member may indicate a potential lack of strong internal leadership, requiring external experience.
- The press release may raise questions about the company's current strategic direction and governance, particularly in light of Mr. Beiser's extensive background in a different sector (investment banking).
- Sharing Mr. Beiser's achievements and accolades may suggest the company feels the need to boost investor confidence in its leadership following any previous challenges.
FAQ
Who is Scott Beiser?
Scott Beiser is the newly appointed member of Palomar Holdings' Board of Directors and serves as Co-Chairman of Houlihan Lokey.
When was Scott Beiser appointed to the Board?
Scott Beiser was appointed to the Palomar Holdings Board of Directors on May 21, 2026.
What experience does Scott Beiser bring to Palomar?
He has extensive experience in executive leadership, strategic planning, and corporate governance from his tenure at Houlihan Lokey.
What is Palomar Holdings, Inc.?
Palomar Holdings, Inc. is a specialty insurance holding company with subsidiaries focused on various insurance sectors.
How can I learn more about Palomar Holdings?
Visit Palomar's official website at PLMR.com for more information about the company and its services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PLMR Insider Trading Activity
$PLMR insiders have traded $PLMR stock on the open market 60 times in the past 6 months. Of those trades, 0 have been purchases and 60 have been sales.
Here’s a breakdown of recent trading of $PLMR stock by insiders over the last 6 months:
- MAC ARMSTRONG (CEO and Chairman) has made 0 purchases and 31 sales selling 50,095 shares for an estimated $6,237,428.
- JON CHRISTIANSON (President) has made 0 purchases and 13 sales selling 11,336 shares for an estimated $1,429,745.
- T CHRISTOPHER UCHIDA (Chief Financial Officer) has made 0 purchases and 6 sales selling 5,540 shares for an estimated $670,791.
- JONATHAN KNUTZEN (Chief Risk Officer) has made 0 purchases and 5 sales selling 2,831 shares for an estimated $341,875.
- ANGELA L. GRANT (Chief Legal Officer) has made 0 purchases and 3 sales selling 2,072 shares for an estimated $249,666.
- RODOLPHE HERVE (Chief Operating Officer) sold 425 shares for an estimated $51,868
- TIMOTHY CARTER (Chief People Officer) sold 254 shares for an estimated $30,998
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$PLMR Revenue
$PLMR had revenues of $278.9M in Q1 2026. This is an increase of 59.73% from the same period in the prior year.
You can track PLMR financials on Quiver Quantitative's PLMR stock page.
You can access data on PLMR stock through the Quiver Quantitative API.
$PLMR Hedge Fund Activity
We have seen 176 institutional investors add shares of $PLMR stock to their portfolio, and 213 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC added 568,360 shares (+250.1%) to their portfolio in Q4 2025, for an estimated $76,592,193
- HOOD RIVER CAPITAL MANAGEMENT LLC added 426,046 shares (+inf%) to their portfolio in Q1 2026, for an estimated $50,912,497
- FREESTONE GROVE PARTNERS LP added 235,597 shares (+97.8%) to their portfolio in Q1 2026, for an estimated $28,153,841
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 225,055 shares (-82.0%) from their portfolio in Q4 2025, for an estimated $30,328,411
- EMPOWERED FUNDS, LLC added 195,118 shares (+inf%) to their portfolio in Q1 2026, for an estimated $23,316,601
- CITADEL ADVISORS LLC added 190,245 shares (+155.3%) to their portfolio in Q1 2026, for an estimated $22,734,277
- BALYASNY ASSET MANAGEMENT L.P. removed 166,896 shares (-54.1%) from their portfolio in Q1 2026, for an estimated $19,944,072
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$PLMR Analyst Ratings
Wall Street analysts have issued reports on $PLMR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Keefe, Bruyette & Woods issued a "Outperform" rating on 01/06/2026
To track analyst ratings and price targets for $PLMR, check out Quiver Quantitative's $PLMR forecast page.
$PLMR Price Targets
Multiple analysts have issued price targets for $PLMR recently. We have seen 3 analysts offer price targets for $PLMR in the last 6 months, with a median target of $150.0.
Here are some recent targets:
- Pablo Singzon from JP Morgan set a target price of $150.0 on 05/26/2026
- Meyer Shields from Keefe, Bruyette & Woods set a target price of $159.0 on 05/13/2026
- Paul Newsome from Piper Sandler set a target price of $132.0 on 05/11/2026
Full Release
LA JOLLA, Calif., May 26, 2026 (GLOBE NEWSWIRE) -- Palomar Holdings, Inc. (NASDAQ: PLMR) (the "Company") today announced that Scott Beiser has been appointed to the Company's Board of Directors, effective May 21, 2026.
Mr. Beiser currently serves as Co-Chairman of Houlihan Lokey (NYSE:HLI), a publicly traded global investment bank, after serving as Chief Executive Officer from 2003 to 2024. He joined Houlihan Lokey in 1984 and held several senior leadership positions throughout his tenure, including Chief Operating Officer and Chief Executive Officer. As Chief Executive Officer, Mr. Beiser led the firm's initial public offering in 2015 and oversaw its transformation into a leading independent investment banking firm.
Mr. Beiser brings decades of executive leadership and public company experience, with deep expertise in strategic planning, corporate governance, capital allocation, and driving long-term shareholder value creation. He has served on Houlihan Lokey’s Board of Directors since 1991 and also brings extensive public and private company board experience. Scott holds both a Bachelor of Science and a Master of Science in Finance from the College of Business and Economics at California State University, Northridge.
"We are pleased to welcome Scott to Palomar’s Board of Directors," commented Mac Armstrong, Chairman and Chief Executive Officer of Palomar. "Scott brings a wealth of leadership experience to our Board, along with a strong track record of delivering sustained growth and creating shareholder value at Houlihan Lokey. His accomplishments are both exemplary and aspirational, and I am confident he will play an important role in the continued execution of Palomar 2X."
Mr. Beiser added, "I am excited to join Palomar's Board and support the Company's continued growth and strategic objectives. I look forward to working with the management team and Board to help drive profitable growth and create long-term value for shareholders."
About Palomar Holdings, Inc.
Palomar Holdings, Inc. is the holding company of subsidiaries Palomar Specialty Insurance Company (“PSIC”), Palomar Specialty Reinsurance Company Bermuda Ltd. (“PSRE”), Palomar Insurance Agency, Inc., Palomar Excess and Surplus Insurance Company (“PESIC”), Palomar Underwriters Exchange Organization, Inc. (“PUEO”), First Indemnity of America Insurance Co. (“FIA”), Palomar Crop Insurance Services, Inc. (“PCIS”), and Palomar Casualty and Surety Company (“PCSC”). Palomar’s consolidated results also include Laulima Exchange (“Laulima”), a variable interest entity for which the Company is the primary beneficiary. Palomar is an innovative specialty insurer serving residential and commercial clients in five product categories: Earthquake, Inland Marine and Property, Casualty, Surety & Credit, and Crop. Palomar’s insurance subsidiaries, PSIC, PSRE, PESIC, and FIA have a financial strength rating of “A” (Excellent) from A.M. Best and PCSC has a financial strength rating of “A-” (Excellent) from A.M. Best.
To learn more, visit PLMR.com
Follow Palomar on LinkedIn: @PLMRInsurance
Contact
Media Inquiries
Lindsay Conner
1-551-206-6217
[email protected]
Investor Relations
Jamie Lillis
1-203-428-3223
[email protected]
Source: Palomar Holdings, Inc.
