Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Gena Ashe Sells 740 Shares of Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDGet Free Report) Director Gena Ashe sold 740 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the transaction, the director owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. The trade was a 13.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD opened at $45.37 on Wednesday. The business has a fifty day moving average price of $45.18 and a 200-day moving average price of $46.49. The company has a market capitalization of $2.02 billion, a PE ratio of 10.93 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a 1-year low of $40.60 and a 1-year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 19.52%. The business had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. During the same period last year, the business earned $0.90 EPS. Skyward Specialty Insurance Group’s revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.82 earnings per share for the current fiscal year.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after acquiring an additional 102,191 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after buying an additional 803,217 shares during the period. Invesco Ltd. lifted its stake in shares of Skyward Specialty Insurance Group by 5.1% in the 4th quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock valued at $74,194,000 after acquiring an additional 70,255 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in Skyward Specialty Insurance Group by 19.5% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock valued at $65,290,000 after acquiring an additional 224,122 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Skyward Specialty Insurance Group by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock valued at $60,511,000 after purchasing an additional 33,677 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SKWD. Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Piper Sandler decreased their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays lifted their price target on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. One research analyst has 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.75.

View Our Latest Analysis on Skyward Specialty Insurance Group

About Skyward Specialty Insurance Group

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Skyward Specialty Insurance Group (NASDAQ:SKWD)

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