BlackRock Amends Palomar Holdings Stake (SC 13G/A)
Ticker: PLMR · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1761312
| Field | Detail |
|---|---|
| Company | Palomar Holdings, Inc. (PLMR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Palomar Holdings stake, signaling its current institutional position.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, indicating its ownership of Palomar Holdings, Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, updates previous disclosures about BlackRock's passive investment in Palomar Holdings. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Palomar Holdings, providing transparency on a significant institutional investor's position, which can influence market perception and stock price.
Risk Assessment
Risk Level: low — This is a routine disclosure of an institutional investor's holdings and does not indicate any immediate financial risk to the company.
Analyst Insight
Investors should note BlackRock's continued passive stake in Palomar Holdings, but this filing alone doesn't provide enough detail to warrant a specific investment action beyond general awareness of institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Palomar Holdings, Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'Amendment No: 5' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are the subject of this filing?
The securities of Palomar Holdings, Inc. are the subject of this filing, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Palomar Holdings, Inc.' and '(Name of Issuer) Palomar Holdings, Inc.'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Palomar Holdings, Inc. is 69753M105, as listed under the 'CUSIP Number' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding Palomar Holdings, Inc. (PLMR).