Insider Selling: Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Sells 457 Shares of Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 457 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $47.73, for a total value of $21,812.61. Following the transaction, the general counsel now directly owns 20,751 shares in the company, valued at $990,445.23. This represents a 2.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Leslie Shaunty also recently made the following trade(s):

• On Monday, January 6th, Leslie Shaunty sold 344 shares of Skyward Specialty Insurance Group stock. The stock was sold at an average price of $47.07, for a total transaction of $16,192.08.

Skyward Specialty Insurance Group Stock Down 3.0 %

Shares of SKWD traded down $1.38 during mid-day trading on Monday, hitting $45.09. 565,125 shares of the company’s stock traded hands, compared to its average volume of 409,575. The firm has a market capitalization of $1.81 billion, a P/E ratio of 13.75, a PEG ratio of 0.95 and a beta of 0.89. The business’s 50-day moving average price is $50.23 and its 200-day moving average price is $43.49. Skyward Specialty Insurance Group, Inc. has a 1 year low of $29.40 and a 1 year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. The firm had revenue of $300.89 million during the quarter, compared to analysts’ expectations of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period last year, the company posted $0.65 EPS. Sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Institutional Trading of Skyward Specialty Insurance Group

Several large investors have recently bought and sold shares of SKWD. Marshall Wace LLP bought a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter worth approximately $10,152,000. Dimensional Fund Advisors LP purchased a new stake in Skyward Specialty Insurance Group in the second quarter worth $8,151,000. Mutual of America Capital Management LLC purchased a new stake in Skyward Specialty Insurance Group in the second quarter worth $6,568,000. Franklin Resources Inc. raised its holdings in Skyward Specialty Insurance Group by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock worth $45,506,000 after purchasing an additional 158,679 shares in the last quarter. Finally, Phase 2 Partners LLC purchased a new position in Skyward Specialty Insurance Group during the third quarter valued at $5,680,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SKWD. Raymond James lifted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Barclays increased their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday. Jefferies Financial Group lifted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, JMP Securities boosted their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Skyward Specialty Insurance Group Company Profile

Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.