Insider Selling: Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Insider Sells 6,300 Shares of Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now owns 3,946 shares in the company, valued at $204,876.32. This trade represents a 61.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Skyward Specialty Insurance Group Stock Performance

SKWD traded down $1.56 during trading on Friday, reaching $48.03. The company's stock had a trading volume of 557,328 shares, compared to its average volume of 348,879. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.27 and a 52-week high of $55.62. The company's fifty day moving average price is $47.54 and its 200-day moving average price is $46.41. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. Equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

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Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TD Cowen assumed coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a "hold" rating and a $43.00 price target on the stock. Truist Financial boosted their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Finally, Barclays boosted 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 report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $55.00.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake 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. Barclays PLC boosted its stake in shares of Skyward Specialty Insurance Group by 277.7% during the 3rd 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. JPMorgan Chase & Co. boosted its stake 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. Navellier & Associates Inc. purchased a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth approximately $1,051,000. Finally, State Street Corp boosted its stake in shares of Skyward Specialty Insurance Group by 10.8% during the 3rd quarter. State Street Corp now owns 844,233 shares of the company's stock worth $34,386,000 after acquiring an additional 82,328 shares in the last quarter. Hedge funds and other 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.