Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) EVP Sells $215,219.97 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) EVP Sandip A. Kapadia sold 4,347 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.51, for a total transaction of $215,219.97. Following the completion of the sale, the executive vice president now directly owns 12,508 shares in the company, valued at $619,271.08. This trade represents a 25.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Skyward Specialty Insurance Group Price Performance

SKWD stock traded down $1.38 during midday trading on Monday, reaching $45.09. 565,125 shares of the company’s stock traded hands, compared to its average volume of 409,575. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $55.62. The business has a 50-day moving average price of $50.23 and a two-hundred day moving average price of $43.49. The company has a market capitalization of $1.81 billion, a P/E ratio of 13.75, a PEG ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share 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 during the quarter, compared to analysts’ expectations of $292.43 million. During the same period in the prior year, the company earned $0.65 EPS. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently modified their holdings of SKWD. Arcadia Investment Management Corp MI purchased a new position in Skyward Specialty Insurance Group in the 3rd quarter worth approximately $41,000. Amalgamated Bank lifted its position in shares of 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 in the last quarter. Quarry LP boosted its stake in shares of Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth $160,000. Finally, CWM LLC increased its stake in 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 during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the topic of a number of recent research reports. Barclays upped their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday. JMP Securities increased their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped 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 report on Wednesday, October 9th. Finally, Raymond James upped their price objective 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Skyward Specialty Insurance Group has an average 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.