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

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) EVP Sandip A. Kapadia sold 908 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.98, for a total value of $42,657.84. Following the completion of the transaction, the executive vice president now directly owns 10,371 shares in the company, valued at $487,229.58. This trade represents a 8.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Skyward Specialty Insurance Group Price Performance

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

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results 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. The business had revenue of $300.89 million for the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.65 EPS. As a group, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays raised their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday. Jefferies Financial Group lifted their price target 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. Raymond James increased their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, JMP Securities lifted their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings 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 valued at $3,248,000 after purchasing an additional 1,523 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Skyward Specialty Insurance Group by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock valued at $3,515,000 after buying an additional 21,346 shares during the last quarter. Principal Financial Group Inc. raised its stake in Skyward Specialty Insurance Group by 49.8% in the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock valued at $4,240,000 after buying an additional 34,612 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Skyward Specialty Insurance Group by 16.6% in the third 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. Finally, Barclays PLC increased its holdings in shares of Skyward Specialty Insurance Group by 277.7% during the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock valued at $2,608,000 after acquiring an additional 47,081 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

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.