Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Sells $50,620.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the completion of the transaction, the director now owns 734 shares in the company, valued at approximately $37,155.08. This trade represents a 57.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Skyward Specialty Insurance Group Stock Up 0.0 %

Skyward Specialty Insurance Group stock opened at $48.47 on Thursday. The firm has a 50-day moving average price of $47.35 and a two-hundred day moving average price of $46.72. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.78, a PEG ratio of 0.81 and a beta of 0.66. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.27 and a 52-week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. Research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKWD has been the topic of a number of research analyst reports. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 price target on the stock. Wolfe Research reaffirmed a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Barclays boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Finally, Piper Sandler decreased their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Institutional Trading of Skyward Specialty Insurance Group

A number of institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $6,048,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Skyward Specialty Insurance Group by 35.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 85,587 shares of the company’s stock worth $4,326,000 after acquiring an additional 22,313 shares during the period. ProShare Advisors LLC lifted its stake in shares of Skyward Specialty Insurance Group by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 10,461 shares of the company’s stock worth $529,000 after acquiring an additional 3,442 shares during the period. Quantedge Capital Pte Ltd acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $445,000. Finally, Man Group plc acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $507,000. 94.83% of the stock is owned by institutional investors and hedge funds.

About Skyward Specialty Insurance Group

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.