Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Andrew S. Robinson Sells 6,010 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Andrew S. Robinson sold 6,010 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total value of $296,713.70. Following the transaction, the chief executive officer now owns 77,144 shares of the company’s stock, valued at $3,808,599.28. This represents a 7.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Skyward Specialty Insurance Group Stock Down 3.0 %

SKWD stock traded down $1.38 during trading on Monday, hitting $45.09. The company had a trading volume of 565,125 shares, compared to its average volume of 409,575. The firm has a 50-day moving average price of $50.23 and a 200-day moving average price of $43.49. Skyward Specialty Insurance Group, Inc. has a 12 month low of $29.40 and a 12 month high of $55.62. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.95 and a beta of 0.89.

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, topping 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 company had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. Equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Institutional Trading of Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth approximately $41,000. Amalgamated Bank grew its holdings in Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after acquiring an additional 279 shares during the period. Quarry LP raised its position 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 valued at $56,000 after acquiring an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $160,000. Finally, CWM LLC boosted its position 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 purchasing an additional 4,003 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday. JMP Securities upped 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 note on Wednesday, October 30th. Jefferies Financial Group lifted 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. Finally, Raymond James increased their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price 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.