SCHEDULE 13G/A: BlackRock Amends Filing, Discloses 14.7% Stake in Palomar Holdings, Inc.
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 6 to its Schedule 13G, reporting a 14.7% beneficial ownership stake in Palomar Holdings, Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 3,919,925 shares of Palomar Holdings, Inc. Common Stock.
- This ownership represents 14.7% of the total outstanding class of securities.
- BlackRock holds sole voting power over 3,888,412 shares and sole dispositive power over 3,919,925 shares.
- The shares are stated to be acquired and held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.
- iShares Core S&P Small-Cap ETF, an entity affiliated with BlackRock, is noted to hold more than 5% of the total outstanding common stock of Palomar Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership, which is inherently neutral in sentiment. It does not contain performance data, forward-looking statements, or strategic updates that would typically influence sentiment.
Future Outlook
NA
Industry Context
This filing indicates continued significant institutional ownership by a major global asset manager, BlackRock, in Palomar Holdings, Inc., an insurance company. It reflects ongoing institutional interest in the small-cap insurance sector.
Related Party Transactions
- iShares Core S&P Small-Cap ETF, an investment company registered under the Investment Company Act of 1940 and an affiliate of BlackRock, Inc., is known to have beneficial ownership of more than 5% of the common stock of Palomar Holdings, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, confirming a major asset manager's continued stake in the company.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Date of execution of the Power of Attorney by BlackRock, Inc. |
| 03/31/2025 | Date of the event which required the filing of this Schedule 13G Amendment No. 6. |
| 04/29/2025 | Date of filing of this Schedule 13G Amendment No. 6 by BlackRock, Inc. |
Keywords
BlackRock, Palomar Holdings, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Insurance, Financial Services
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