Insider Selling: Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Insider Sells 637 Shares of Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas N. Schmitt sold 637 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the sale, the insider now directly owns 10,792 shares of the company’s stock, valued at $515,965.52. The trade was a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Skyward Specialty Insurance Group Stock Up 0.2 %

SKWD stock opened at $45.61 on Thursday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $55.62. The company has a market cap of $1.83 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The business’s 50-day simple moving average is $50.27 and its 200 day simple moving average is $43.58.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. The company had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same quarter last year, the firm earned $0.65 EPS. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Analyst Ratings Changes

SKWD has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday. Raymond James boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, JMP Securities boosted their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently made changes to their positions in the business. Nordea Investment Management AB boosted its position in shares of Skyward Specialty Insurance Group by 2.4% during the 4th quarter. Nordea Investment Management AB now owns 64,321 shares of the company’s stock valued at $3,248,000 after acquiring an additional 1,523 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Skyward Specialty Insurance Group by 32.9% during the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock worth $3,515,000 after purchasing an additional 21,346 shares during the period. Principal Financial Group Inc. boosted its holdings in Skyward Specialty Insurance Group by 49.8% during the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock valued at $4,240,000 after purchasing an additional 34,612 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Skyward Specialty Insurance Group by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after purchasing an additional 158,679 shares during the period. Finally, Barclays PLC raised its holdings in shares of Skyward Specialty Insurance Group by 277.7% in the 3rd quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after buying an additional 47,081 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.