Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get 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:SKWD – Get 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
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
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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