Skyward Specialty Insurance Group (NASDAQ:SKWD) Insider Sells $430,934.04 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas Schmitt sold 8,397 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the transaction, the insider owned 10,353 shares in the company, valued at $531,315.96. This represents a 44.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Skyward Specialty Insurance Group Stock Down 1.6%

Skyward Specialty Insurance Group stock traded down $0.80 during mid-day trading on Monday, reaching $49.25. 518,709 shares of the company’s stock were exchanged, compared to its average volume of 466,449. The business’s fifty day simple moving average is $45.88 and its 200 day simple moving average is $46.38. The firm has a market capitalization of $2.00 billion, a PE ratio of 11.87 and a beta of 0.49. Skyward Specialty Insurance Group, Inc. has a one year low of $40.60 and a one year high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The business had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. On average, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current year.

Analyst Ratings Changes

SKWD has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Wall Street Zen lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday. Barclays lifted their price target on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Institutional Trading of Skyward Specialty Insurance Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. bought a new position in Skyward Specialty Insurance Group in the 4th quarter worth approximately $27,000. GAMMA Investing LLC lifted its position in shares of Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after acquiring an additional 248 shares in the last quarter. Assetmark Inc. lifted its position in shares of Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after acquiring an additional 690 shares in the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Skyward Specialty Insurance Group in the first quarter worth $37,000. Finally, Quarry LP grew its position in shares of Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after purchasing an additional 844 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

About Skyward Specialty Insurance Group

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.