Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Insider Sells $25,580.10 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas N. Schmitt sold 546 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.85, for a total value of $25,580.10. Following the completion of the transaction, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $480,025.10. This trade represents a 5.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Skyward Specialty Insurance Group Trading Up 1.0 %

Shares of Skyward Specialty Insurance Group stock opened at $45.52 on Wednesday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $55.62. The firm has a market capitalization 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 firm’s 50-day moving average price is $50.25 and its 200 day moving average price is $43.56.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SKWD. JMP Securities lifted 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 report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Raymond James raised their price target 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 upped 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 report on Monday. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKWD. Arcadia Investment Management Corp MI purchased a new position in shares of Skyward Specialty Insurance Group in the third quarter worth about $41,000. Amalgamated Bank grew its holdings in 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 in the last quarter. Quarry LP grew its holdings in 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 buying an additional 879 shares in the last quarter. CWM LLC increased its stake in shares of Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after acquiring an additional 4,003 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Skyward Specialty Insurance Group during the 2nd quarter worth $160,000. Institutional investors and hedge funds 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.