SEC Form SC 13G/A filed

2/16/21 12:24:00 PM ET

Property-Casualty Insurers

Finance

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SC 13G/A 1 plmr13gadec20.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3) Palomar Holdings, Inc. (Name of Issuer) COMMON STOCK (Title of Class of Securities) 69753M105 (CUSIP NUMBER) December 31, 2020 (Date of Event which Requires Filing of Statement) Check the appropriate box to designate the Rule pursuant to which this Schedule is filed: [x] Rule 13d - 1(b) Rule 13d - 1(c) Rule 13d - 1(d) 1. Name of Reporting Person T. ROWE PRICE ASSOCIATES, INC. 52-0556948 2. Check the Appropriate Box if a Member of a Group NOT APPLICABLE 3. SEC Use Only 4. Citizenship or Place of Organization Maryland Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power* 296,438 6. Shared Voting Power* 0 7. Sole Dispositive Power* 989,060 8. Shared Dispositive Power 0 9. Aggregate Amount Beneficially Owned by Each Reporting Person 989,060 10. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares NOT APPLICABLE 11. Percent of Class Represented by Amount in Row 9 3.8% 12. Type of Reporting Person IA *Any shares reported in Items 5 and 6 are also reported in Item 7. Item 1(a) Name of Issuer: Palomar Holdings, Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 7979 IVANHOE AVENUE, SUITE 500, LA JOLLA, CALIFORNIA 92037 Item 2(a) Name of Person(s) Filing: (1) T. ROWE PRICE ASSOCIATES, INC. ("Price Associates") Item 2(b) Address of Principal Business Office: 100 E. Pratt Street, Baltimore, MD 21202 Item 2(c) Citizenship or Place of Organization: (1) Maryland Item 2(d) Title of Class of Securities: COMMON STOCK Item 2(e) Cusip Number: 69753M105 Item 3: The person filing this Schedule 13G is an: X Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940 Item 4: Reference is made to Items 5-11 on the preceding pages of this Schedule 13G. Item 5: Ownership of Five Percent or Less of a Class This statement is being filed to report the fact that, as of the date of this report, the reporting person(s) has (have) ceased to be the beneficial owner of more than five percent of the class of securities. Item 6: Ownership of More than Five Percent on Behalf of Another Person (1) Price Associates does not serve as custodian of the assets of any of its clients; accordingly, in each instance only the client or the client's custodian or trustee bank has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. The ultimate power to direct the receipt of dividends paid with respect to, and the proceeds from the sale of, such securities, is vested in the individual and institutional clients which Price Associates serves as investment adviser. Any and all discretionary authority which has been delegated to Price Associates may be revoked in whole or in part at any time. Except as may be indicated if this is a joint filing with one of the registered investment companies sponsored by Price Associates which it also serves as investment adviser ("T. Rowe Price Funds"), not more than 5% of the class of such securities is owned by any one client subject to the investment advice of Price Associates. (2) With respect to securities owned by any one of the T. Rowe Price Funds, only the custodian for each of such Funds, has the right to receive dividends paid with respect to, and proceeds from the sale of, such securities. No other person is known to have such right, except that the shareholders of each such Fund participate proportionately in any dividends and distributions so paid. Item 7: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable Item 8: Identification and Classification of Members of the Group Not Applicable Item 9: Notice of Dissolution of Group Not Applicable Item 10: Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. T. ROWE PRICE ASSOCIATES, INC. Date: February 16, 2021 Signature: /s/ David Oestreicher Name & Title: David Oestreicher, Executive Vice President 12/31/2020

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Recent Analyst Ratings for

$PLMR

Date	Price Target	Rating	Analyst
4/8/2025	$150.00	Neutral → Overweight	Analyst
4/8/2024	$79.00 → $85.00	Overweight → Neutral	JP Morgan
3/14/2024	$78.00 → $88.00	Hold → Buy	Jefferies
5/16/2023	$59.00 → $64.00	Mkt Perform → Outperform	Keefe Bruyette
1/10/2023	$52.00	Outperform → In-line	Evercore ISI
12/12/2022	$55.00	Hold	Jefferies
10/18/2022		Mkt Outperform → Mkt Perform	JMP Securities
10/12/2022	$88.00 → $90.00	Outperform → Mkt Perform	Keefe Bruyette

More analyst ratings

SEC Form SC 13G/A filed

2/16/21 12:24:00 PM ET

$PLMR

Property-Casualty Insurers

Finance

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Recent Analyst Ratings for

$PLMR

Date	Price Target	Rating	Analyst
4/8/2025	$150.00	Neutral → Overweight	Analyst
4/8/2024	$79.00 → $85.00	Overweight → Neutral	JP Morgan
3/14/2024	$78.00 → $88.00	Hold → Buy	Jefferies
5/16/2023	$59.00 → $64.00	Mkt Perform → Outperform	Keefe Bruyette
1/10/2023	$52.00	Outperform → In-line	Evercore ISI
12/12/2022	$55.00	Hold	Jefferies
10/18/2022		Mkt Outperform → Mkt Perform	JMP Securities
10/12/2022	$88.00 → $90.00	Outperform → Mkt Perform	Keefe Bruyette

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SEC Form SC 13G/A filed

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Press Releases

Palomar Holdings, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results Release Date and Conference Call

BCP Completes Sale of The Gray Casualty & Surety Company

Palomar Holdings, Inc. Completes Acquisition of The Gray Casualty & Surety Company and Closes $450 Million Credit Facility

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SEC Filings

Palomar Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation, Regulation FD Disclosure, Financial Statements and Exhibits

Amendment: SEC Form SCHEDULE 13G/A filed by Palomar Holdings Inc.

SEC Form 10-Q filed by Palomar Holdings Inc.

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Analyst Ratings

Palomar Holdings upgraded by Analyst with a new price target

Palomar Holdings downgraded by JP Morgan with a new price target

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Insider Trading

Amendment: SEC Form 4 filed by President Christianson Jon

Amendment: Chief Risk Officer Knutzen Jonathan sold $46,498 worth of shares (381 units at $122.04) and converted options into 1,230 shares, increasing direct ownership by 3% to 25,658 units (SEC Form 4)

Amendment: SEC Form 4 filed by Chief People Officer Carter Timothy

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Insider Purchases

Director Taketa Richard H bought $120,950 worth of shares (1,000 units at $120.95), increasing direct ownership by 2% to 44,726 units (SEC Form 4)

Director Notaras Martha bought $11,992 worth of shares (100 units at $119.92), increasing direct ownership by 1% to 7,870 units (SEC Form 4)

Director Bradley Thomas A bought $89,425 worth of shares (1,000 units at $89.42), increasing direct ownership by 27% to 4,724 units (SEC Form 4)

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Leadership Updates

BCP Announces Sale of The Gray Casualty & Surety Company

Palomar Holdings, Inc. Announces Agreement to Acquire The Gray Casualty & Surety Company

Palomar Holdings, Inc. Announces Agreement to Acquire The Gray Casualty & Surety Company

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Financials

Palomar Holdings, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results Release Date and Conference Call

Palomar Holdings, Inc. Announces Third Quarter 2025 Financial Results Release Date and Conference Call

Palomar Holdings, Inc. Announces Second Quarter 2025 Financial Results Release Date and Conference Call

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Large Ownership Changes

SEC Form SC 13G filed by Palomar Holdings Inc.