Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Insider Sells $327,096.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the completion of the transaction, the insider now directly owns 3,946 shares of the company’s stock, valued at approximately $204,876.32. The trade was a 61.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Skyward Specialty Insurance Group Trading Down 2.5 %

Shares of Skyward Specialty Insurance Group stock traded down $1.35 during trading on Tuesday, hitting $52.79. 671,908 shares of the stock were exchanged, compared to its average volume of 345,864. The company has a fifty day moving average price of $47.52 and a 200-day moving average price of $46.25. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JMP Securities restated a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Piper Sandler dropped their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Raymond James lifted 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 note on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Friday. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC lifted its holdings in Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after purchasing an additional 809 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at about $61,000. Quarry LP lifted its stake in shares of Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after buying an additional 879 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Skyward Specialty Insurance Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock worth $196,000 after buying an additional 247 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Skyward Specialty Insurance Group in the 4th quarter valued at about $219,000. 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.