Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Sells $34,299.00 in Stock

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

Skyward Specialty Insurance Group Stock Performance

SKWD traded down $0.47 on Tuesday, hitting $45.37. The company had a trading volume of 486,292 shares, compared to its average volume of 487,333. The stock has a fifty day moving average price of $45.20 and a 200-day moving average price of $46.49. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.05. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.93 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 19.52% and a net margin of 11.36%.The business had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SKWD. Reinhart Partners LLC. lifted its holdings in 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 valued at $123,521,000 after acquiring an additional 803,217 shares during the period. Balyasny Asset Management L.P. raised its stake in shares of Skyward Specialty Insurance Group by 411.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after buying an additional 762,079 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Skyward Specialty Insurance Group during the third quarter worth approximately $24,234,000. Langdon Equity Partners purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth approximately $16,965,000. Finally, Ameriprise Financial Inc. increased its position in shares of Skyward Specialty Insurance Group by 46.7% during the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock worth $54,682,000 after purchasing an additional 301,288 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Barclays upped their target price on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Finally, Zacks Research lowered Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.75.

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.