Skyward Specialty Insurance Group (NASDAQ:SKWD) Insider Sandip Kapadia Sells 5,030 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Sandip Kapadia sold 5,030 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider directly owned 8,059 shares of the company’s stock, valued at $403,030.59. The trade was a 38.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $51.13 on Friday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $41.28 and a 12 month high of $65.05. The company has a market capitalization of $2.07 billion, a P/E ratio of 15.08 and a beta of 0.55. The company’s 50 day simple moving average is $47.65 and its 200 day simple moving average is $50.37.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. The company had revenue of $382.53 million during the quarter, compared to the consensus estimate of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same quarter in the prior year, the firm earned $0.71 EPS. On average, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Zacks Research raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods raised their price objective on shares of Skyward Specialty Insurance Group from $64.00 to $66.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Piper Sandler raised their price objective on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, October 31st. Finally, Janney Montgomery Scott initiated coverage on Skyward Specialty Insurance Group in a research report on Monday, October 6th. They issued a “buy” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SKWD. Vanguard Group Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company’s stock worth $132,467,000 after acquiring an additional 227,921 shares in the last quarter. Swiss National Bank increased its stake in Skyward Specialty Insurance Group by 4.6% during the 1st quarter. Swiss National Bank now owns 69,900 shares of the company’s stock worth $3,699,000 after purchasing an additional 3,100 shares in the last quarter. Nuveen LLC acquired a new stake in Skyward Specialty Insurance Group during the 1st quarter worth approximately $14,354,000. Raymond James Financial Inc. lifted its stake in Skyward Specialty Insurance Group by 146.5% in the first quarter. Raymond James Financial Inc. now owns 155,649 shares of the company’s stock valued at $8,236,000 after buying an additional 92,511 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Skyward Specialty Insurance Group by 18.5% during the 1st quarter. Northern Trust Corp now owns 462,908 shares of the company’s stock worth $24,497,000 after purchasing an additional 72,202 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.