Thomas Schmitt Sells 8,397 Shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get Free Report) insider Thomas Schmitt sold 8,397 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $49.62 on Wednesday. The company has a market cap of $2.01 billion, a P/E ratio of 11.96 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. The business’s 50-day simple moving average is $46.10 and its 200 day simple moving average is $46.38.

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Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The company’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.90 EPS. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Piper Sandler lowered their price objective on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Finally, Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $65.00.

View Our Latest Stock Analysis on Skyward Specialty Insurance Group

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently bought and sold shares of the business. Reinhart Partners LLC. grew its position in shares of Skyward Specialty Insurance Group by 49.8% in the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after acquiring an additional 803,217 shares in the last quarter. Balyasny Asset Management L.P. grew its position in shares of Skyward Specialty Insurance Group by 411.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after acquiring an additional 762,079 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth approximately $24,234,000. Sei Investments Co. grew its position in shares of Skyward Specialty Insurance Group by 397.5% in the 1st quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock worth $18,926,000 after acquiring an additional 346,202 shares in the last quarter. Finally, Langdon Equity Partners acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $16,965,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Company Profile

(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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