Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Insider Thomas N. Schmitt Sells 637 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas N. Schmitt sold 637 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total transaction of $30,454.97. Following the completion of the sale, the insider now owns 10,792 shares in the company, valued at approximately $515,965.52. The trade was a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock traded down $1.38 during midday trading on Monday, reaching $45.09. The company had a trading volume of 565,125 shares, compared to its average volume of 409,575. The stock has a fifty day moving average price of $50.23 and a 200 day moving average price of $43.49. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $55.62. The firm has a market cap of $1.81 billion, a PE ratio of 13.75, a P/E/G ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) 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 firm had revenue of $300.89 million for the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the previous year, the company earned $0.65 EPS. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Wall Street Analyst Weigh In

SKWD has been the topic of a number of research reports. Jefferies Financial Group boosted their target price on shares of 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. JMP Securities upped their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Raymond James increased 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. Finally, Barclays boosted their price target on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday. Three equities research 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. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $47.78.

Institutional Trading of Skyward Specialty Insurance Group

A number of institutional investors have recently bought and sold shares of SKWD. Arcadia Investment Management Corp MI bought a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth about $41,000. Amalgamated Bank grew its stake in Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after purchasing an additional 279 shares during the period. Quarry LP grew its stake in Skyward Specialty Insurance Group by 176.9% during 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 period. Ashton Thomas Private Wealth LLC bought a new stake in Skyward Specialty Insurance Group in the second quarter worth approximately $160,000. Finally, CWM LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after buying an additional 4,003 shares in the last quarter. Institutional investors 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.