Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Sells $79,967.80 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Mark W. Haushill sold 1,630 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $49.06, for a total value of $79,967.80. Following the transaction, the chief financial officer now directly owns 176,971 shares of the company’s stock, valued at $8,682,197.26. This represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock opened at $45.61 on Thursday. The company has a fifty day moving average price of $50.27 and a two-hundred day moving average price of $43.58. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $55.62. The stock has a market cap of $1.83 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same period last year, the business posted $0.65 EPS. As a group, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Skyward Specialty Insurance Group

A number of hedge funds have recently made changes to their positions in SKWD. Amalgamated Bank increased its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after acquiring an additional 279 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in 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 period. IHT Wealth Management LLC increased its holdings in shares of Skyward Specialty Insurance Group by 4.6% in the third quarter. IHT Wealth Management LLC now owns 10,501 shares of the company’s stock valued at $428,000 after purchasing an additional 464 shares during the last quarter. Quarry LP raised its position in shares of Skyward Specialty Insurance Group by 176.9% in the third 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 period. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth about $41,000. 94.83% of the stock is owned by institutional investors and hedge funds.

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.