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

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) EVP Sandip A. Kapadia sold 908 shares of the business's stock in a transaction on Monday, January 6th. The stock was 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 owns 10,371 shares in the company, valued at $487,229.58. This represents a 8.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Skyward Specialty Insurance Group Stock Down 3.0 %

SKWD stock traded down $1.38 during trading on Monday, hitting $45.09. 565,125 shares of the company's stock traded hands, compared to its average volume of 409,575. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. Skyward Specialty Insurance Group, Inc. has a 52 week low of $29.40 and a 52 week high of $55.62. The stock has a fifty day moving average price of $50.23 and a two-hundred day moving average price of $43.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on SKWD shares. 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 report on Monday. Raymond James raised their price target on shares of 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. JMP Securities lifted their price target 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. Finally, Jefferies Financial Group increased their price objective 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $47.78.

Institutional Trading of Skyward Specialty Insurance Group

Hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new stake in Skyward Specialty Insurance Group in the third quarter worth $41,000. Amalgamated Bank grew 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 acquiring an additional 279 shares during the last quarter. Quarry LP grew its position in shares of Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company's stock worth $56,000 after acquiring an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter worth about $160,000. Finally, CWM LLC lifted its position in Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company's stock valued at $168,000 after purchasing an additional 4,003 shares during the last quarter. Institutional investors own 94.83% of the company's stock.

About Skyward Specialty Insurance Group

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.

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