Insider Selling: Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Sells $16,192.08 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 344 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $47.07, for a total value of $16,192.08. Following the transaction, the general counsel now owns 20,407 shares in the company, valued at $960,557.49. This represents a 1.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Leslie Shaunty also recently made the following trade(s):

• On Friday, January 3rd, Leslie Shaunty sold 457 shares of Skyward Specialty Insurance Group stock. The stock was sold at an average price of $47.73, for a total value of $21,812.61.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $45.61 on Thursday. 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 cap of $1.83 billion, a P/E ratio of 13.91, a P/E/G ratio of 0.95 and a beta of 0.89. The stock’s 50 day simple moving average is $50.27 and its 200-day simple moving average is $43.58.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its 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. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $300.89 million during the quarter, compared to analysts’ expectations of $292.43 million. During the same period in the prior year, the business earned $0.65 EPS. As a group, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays boosted 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 report on Monday. Jefferies Financial Group boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Raymond James lifted their price objective on 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. Finally, JMP Securities increased their target price on 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

A number of institutional investors have recently bought and sold shares of SKWD. Amalgamated Bank increased its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after buying an additional 279 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of Skyward Specialty Insurance Group by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company’s stock valued at $1,549,000 after purchasing an additional 306 shares during the last quarter. IHT Wealth Management LLC grew its holdings in shares of Skyward Specialty Insurance Group by 4.6% during the 3rd quarter. IHT Wealth Management LLC now owns 10,501 shares of the company’s stock worth $428,000 after purchasing an additional 464 shares during the period. Quarry LP raised its holdings in Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after buying an additional 879 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in Skyward Specialty Insurance Group in the third quarter valued at about $41,000. 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.