Sandip A. Kapadia Sells 908 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

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

Skyward Specialty Insurance Group Stock Up 0.2 %

SKWD opened at $45.61 on Thursday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $55.62. The company has a fifty day moving average of $50.27 and a 200-day moving average of $43.58. The stock has a market cap of $1.83 billion, a PE ratio of 13.91, a price-to-earnings-growth 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 for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same period last year, the business posted $0.65 EPS. Sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKWD has been the subject of a number of research reports. Barclays increased their price target 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. Jefferies Financial Group increased their target price on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. JMP Securities boosted their price target 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. Finally, Raymond James raised 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 report on Tuesday, November 5th. Three 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $47.78.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in shares of Skyward Specialty Insurance Group by 49.8% during the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock worth $4,240,000 after buying an additional 34,612 shares during the period. Barclays PLC boosted its stake in Skyward Specialty Insurance Group by 277.7% during the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after acquiring an additional 47,081 shares in the last quarter. Marshall Wace LLP acquired a new stake in Skyward Specialty Insurance Group in the second quarter worth $10,152,000. State Street Corp increased its stake in Skyward Specialty Insurance Group by 10.8% in the third quarter. State Street Corp now owns 844,233 shares of the company’s stock valued at $34,386,000 after purchasing an additional 82,328 shares in the last quarter. Finally, Navellier & Associates Inc. acquired a new position in shares of Skyward Specialty Insurance Group during the third quarter valued at about $1,051,000. 94.83% of the stock is currently owned by institutional investors.

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.