Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Sells $11,928.86 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Andrew S. Robinson sold 262 shares of the stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $45.53, for a total value of $11,928.86. Following the sale, the chief executive officer now owns 52,355 shares of the company’s stock, valued at $2,383,723.15. This represents a 0.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Skyward Specialty Insurance Group Trading Down 6.8 %

NASDAQ:SKWD traded down $3.10 during midday trading on Friday, hitting $42.51. 451,435 shares of the company traded hands, compared to its average volume of 388,347. The firm has a market capitalization of $1.70 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.95 and a beta of 0.89. The firm’s fifty day moving average is $50.30 and its 200-day moving average is $43.59. Skyward Specialty Insurance Group, Inc. has a 12-month low of $29.40 and a 12-month high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. During the same period in the prior year, the company posted $0.65 EPS. On average, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SKWD has been the subject of several research analyst reports. Barclays raised their target price 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. Raymond James lifted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. JMP Securities increased their price target 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, Jefferies Financial Group lifted their price objective on 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. Three 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in SKWD. Amalgamated Bank increased its stake in Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after buying an additional 279 shares during the period. Chartwell Investment Partners LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company’s stock valued at $1,549,000 after purchasing an additional 306 shares during the period. IHT Wealth Management LLC increased its holdings in Skyward Specialty Insurance Group by 4.6% during the 3rd quarter. IHT Wealth Management LLC now owns 10,501 shares of the company’s stock worth $428,000 after purchasing an additional 464 shares during the period. Quarry LP raised its position in Skyward Specialty Insurance Group by 176.9% during 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 in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Skyward Specialty Insurance Group in the 3rd quarter worth $41,000. 94.83% of the stock is currently owned by institutional investors.

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.