Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) EVP Sells $42,657.84 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) EVP Sandip A. Kapadia sold 908 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $46.98, for a total value of $42,657.84. Following the transaction, the executive vice president now directly owns 10,371 shares in the company, valued at $487,229.58. The trade was a 8.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Skyward Specialty Insurance Group Trading Up 0.2 %

NASDAQ SKWD opened at $45.61 on Thursday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.95 and a beta of 0.89. The company has a 50 day moving average of $50.27 and a 200-day moving average of $43.58. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $55.62.

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 analysts’ consensus estimates 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 firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same period in the prior year, the company posted $0.65 EPS. On average, equities research analysts forecast 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 large investors have recently bought and sold shares of SKWD. Bank of New York Mellon Corp lifted its holdings in shares of Skyward Specialty Insurance Group by 18.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 139,996 shares of the company’s stock worth $5,065,000 after acquiring an additional 22,126 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Skyward Specialty Insurance Group by 67.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock worth $204,000 after purchasing an additional 2,270 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Skyward Specialty Insurance Group by 55.5% in the 2nd quarter. Principal Financial Group Inc. now owns 69,493 shares of the company’s stock valued at $2,514,000 after purchasing an additional 24,804 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Skyward Specialty Insurance Group by 38.0% in the 2nd quarter. Rhumbline Advisers now owns 54,958 shares of the company’s stock valued at $1,988,000 after purchasing an additional 15,126 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 658,450 shares of the company’s stock worth $23,823,000 after buying an additional 76,524 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on SKWD shares. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday. Jefferies Financial Group upped their price target 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. JMP Securities raised their price objective 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. Finally, Raymond James upped 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company 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.