Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Sells $120,611.92 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Mark W. Haushill sold 3,244 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $37.18, for a total transaction of $120,611.92. Following the sale, the chief financial officer now owns 177,886 shares of the company’s stock, valued at $6,613,801.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Skyward Specialty Insurance Group Stock Down 0.8 %

Shares of Skyward Specialty Insurance Group stock opened at $36.37 on Thursday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 13.37 and a beta of 0.68. The business has a 50-day moving average price of $36.41 and a 200-day moving average price of $33.83. Skyward Specialty Insurance Group, Inc. has a twelve month low of $21.93 and a twelve month high of $38.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $264.97 million during the quarter, compared to analyst estimates of $251.66 million. Skyward Specialty Insurance Group had a return on equity of 15.98% and a net margin of 11.16%. During the same quarter last year, the business posted $0.42 earnings per share. On average, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank grew its position in shares of Skyward Specialty Insurance Group by 90.9% during the third quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock valued at $63,000 after purchasing an additional 1,095 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 24.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock valued at $111,000 after acquiring an additional 579 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Skyward Specialty Insurance Group by 54.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,362 shares of the company’s stock valued at $114,000 after acquiring an additional 1,186 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $161,000. Finally, Adalta Capital Management LLC bought a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at about $137,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SKWD. Keefe, Bruyette & Woods raised their target price on Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets raised their target price on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a “market perform” rating in a report on Monday, February 26th. Truist Financial raised their target price on Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Piper Sandler increased their price target on Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Finally, JMP Securities increased their price target on Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $42.50.

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.