Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) General Counsel Leslie Shaunty sold 457 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $47.73, for a total transaction of $21,812.61. Following the completion of the transaction, the general counsel now owns 20,751 shares of the company's stock, valued at $990,445.23. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Leslie Shaunty also recently made the following trade(s):
- On Monday, January 6th, Leslie Shaunty sold 344 shares of Skyward Specialty Insurance Group stock. The stock was sold at an average price of $47.07, for a total value of $16,192.08.
Skyward Specialty Insurance Group Trading Down 3.0 %
NASDAQ:SKWD traded down $1.38 on Monday, hitting $45.09. The company had a trading volume of 565,125 shares, compared to its average volume of 409,575. 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 50 day moving average of $50.23 and a two-hundred day moving average of $43.49. The stock has a market capitalization 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 - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 12.24% and a return on equity of 16.39%. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have commented on SKWD. JMP Securities boosted 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 report on Wednesday, October 30th. Raymond James increased 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 report on Tuesday, November 5th. Jefferies Financial Group boosted their price target on 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, Barclays raised 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $47.78.
Check Out Our Latest Report on Skyward Specialty Insurance Group
Institutional Trading of Skyward Specialty Insurance Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKWD. Arcadia Investment Management Corp MI acquired a new stake in Skyward Specialty Insurance Group during the 3rd quarter worth about $41,000. Amalgamated Bank lifted its stake in shares of Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock valued at $46,000 after buying an additional 279 shares in the last quarter. Quarry LP increased its holdings in Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company's stock worth $56,000 after purchasing an additional 879 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Skyward Specialty Insurance Group during the 2nd quarter worth $160,000. Finally, CWM LLC grew 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 worth $168,000 after purchasing an additional 4,003 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.
About Skyward Specialty Insurance Group
(
Get Free Report)
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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