Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty Sells 344 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 344 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $47.07, for a total value of $16,192.08. Following the completion of the sale, the general counsel now owns 20,407 shares in the company, valued at $960,557.49. This represents a 1.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Leslie Shaunty also recently made the following trade(s):

• On Friday, January 3rd, Leslie Shaunty sold 457 shares of Skyward Specialty Insurance Group stock. The shares were sold at an average price of $47.73, for a total value of $21,812.61.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock opened at $45.52 on Wednesday. The stock has a market cap of $1.83 billion, a PE ratio of 13.88, a P/E/G ratio of 0.95 and a beta of 0.89. The stock’s fifty day moving average is $50.25 and its two-hundred day moving average is $43.56. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results 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 business 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 company earned $0.65 EPS. On average, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Barclays raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday. Jefferies Financial Group boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JMP Securities increased their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Raymond James lifted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.78.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors have recently modified their holdings of the stock. Amalgamated Bank grew its position in shares of Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after buying an additional 279 shares during the last quarter. Chartwell Investment Partners LLC grew its holdings in shares of Skyward Specialty Insurance Group by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company’s stock worth $1,549,000 after purchasing an additional 306 shares during the last quarter. IHT Wealth Management LLC increased its position in shares of Skyward Specialty Insurance Group by 4.6% during the third quarter. IHT Wealth Management LLC now owns 10,501 shares of the company’s stock worth $428,000 after purchasing an additional 464 shares in the last quarter. Quarry LP lifted its holdings in shares of Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

About Skyward Specialty Insurance Group

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.