Insider Selling: Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Sells $21,812.61 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 457 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $47.07, for a total transaction of $16,192.08.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $45.61 on Thursday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 0.95 and a beta of 0.89. Skyward Specialty Insurance Group, Inc. has a 1 year low of $29.40 and a 1 year high of $55.62. The firm’s 50-day moving average is $50.27 and its 200 day 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, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $300.89 million for 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 in the prior year, the firm posted $0.65 earnings per share. On average, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group lifted their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Raymond James upped their price target 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. Barclays increased their price objective on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, JMP Securities boosted their target price 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $47.78.

Institutional Trading of Skyward Specialty Insurance Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Nordea Investment Management AB boosted its position in shares of Skyward Specialty Insurance Group by 2.4% during the fourth quarter. Nordea Investment Management AB now owns 64,321 shares of the company’s stock valued at $3,248,000 after buying an additional 1,523 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock valued at $3,515,000 after acquiring an additional 21,346 shares during the period. Principal Financial Group Inc. boosted its holdings 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 valued at $4,240,000 after acquiring an additional 34,612 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of 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 during the period. Finally, Barclays PLC raised 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 purchasing an additional 47,081 shares during the last quarter. 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.