Mark W. Haushill Sells 1,630 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Mark W. Haushill sold 1,630 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $49.06, for a total value of $79,967.80. Following the sale, the chief financial officer now directly owns 176,971 shares in the company, valued at $8,682,197.26. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Skyward Specialty Insurance Group Trading Up 1.0 %

Shares of NASDAQ SKWD opened at $45.52 on Wednesday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.95 and a beta of 0.89. The stock’s 50-day moving average is $50.25 and its 200 day moving average is $43.56. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data 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. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. During the same period in the previous year, the business posted $0.65 EPS. On average, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group during the 3rd quarter valued at about $41,000. Amalgamated Bank lifted its position in 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 purchasing an additional 279 shares during the last quarter. Quarry LP lifted its position in Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares during the last quarter. CWM LLC boosted its stake in shares of Skyward Specialty Insurance Group by 3,103.1% during the third 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 period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Skyward Specialty Insurance Group in the second quarter worth approximately $160,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on SKWD shares. Raymond James increased 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 report on Tuesday, November 5th. JMP Securities raised their price target on shares of 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. Jefferies Financial Group upped their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Barclays lifted their price objective 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. Three research 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.78.

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.