Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty Sells 457 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 457 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $47.73, for a total value of $21,812.61. Following the completion of the transaction, the general counsel now directly owns 20,751 shares in the company, valued at $990,445.23. The trade was a 2.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Monday, January 6th, Leslie Shaunty sold 344 shares of Skyward Specialty Insurance Group stock. The stock was sold at an average price of $47.07, for a total transaction of $16,192.08.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $45.61 on Thursday. The firm has a market cap of $1.83 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. Skyward Specialty Insurance Group, Inc. has a 1 year low of $29.40 and a 1 year high of $55.62. The company has a 50 day simple moving average of $50.27 and a two-hundred day simple moving average of $43.58.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $292.43 million. During the same period in the previous year, the firm posted $0.65 EPS. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current year.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds have recently made changes to their positions in SKWD. Arcadia Investment Management Corp MI bought a new stake in Skyward Specialty Insurance Group in the 3rd quarter worth approximately $41,000. Amalgamated Bank grew its holdings in shares of Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after purchasing an additional 279 shares in the last quarter. Quarry LP increased its position in Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after purchasing an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Skyward Specialty Insurance Group in the second quarter worth $160,000. Finally, CWM LLC raised its stake in Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after purchasing an additional 4,003 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SKWD. JMP Securities increased their price target on shares of 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. 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 research report on Tuesday, November 5th. Barclays upped their price target on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Jefferies Financial Group lifted their price objective 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. 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 company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

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.