Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Sells $11,928.86 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) CEO Andrew S. Robinson sold 262 shares of the company's stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $45.53, for a total value of $11,928.86. Following the completion of the transaction, the chief executive officer now directly owns 52,355 shares in the company, valued at approximately $2,383,723.15. This trade represents a 0.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Skyward Specialty Insurance Group Stock Down 6.8 %

NASDAQ SKWD traded down $3.10 during trading hours on Friday, hitting $42.51. 451,961 shares of the company were exchanged, compared to its average volume of 406,739. The company has a 50 day moving average of $50.27 and a two-hundred day moving average of $43.64. Skyward Specialty Insurance Group, Inc. has a 52-week low of $29.40 and a 52-week high of $55.62. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. The company had revenue of $300.89 million for 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 quarter in the prior year, the business earned $0.65 EPS. On average, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SKWD. Jefferies Financial Group boosted their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Raymond James boosted their price objective on 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. Barclays boosted their price objective on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday. Finally, JMP Securities boosted their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Skyward Specialty Insurance Group has an average rating of "Moderate Buy" and an average target price of $47.78.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $61,000. Nordea Investment Management AB boosted its position in shares of Skyward Specialty Insurance Group by 2.4% during the 4th quarter. Nordea Investment Management AB now owns 64,321 shares of the company's stock worth $3,248,000 after acquiring an additional 1,523 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company's stock worth $3,515,000 after acquiring an additional 21,346 shares in the last quarter. Principal Financial Group Inc. boosted 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 acquiring an additional 34,612 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Skyward Specialty Insurance Group by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company's stock worth $45,506,000 after acquiring an additional 158,679 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

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.