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

Skyward Specialty Insurance Group Trading Down 1.6 %

SKWD opened at $47.26 on Tuesday. The stock has a market cap of $1.90 billion, a PE ratio of 14.41, a P/E/G ratio of 0.81 and a beta of 0.67. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62. The stock’s 50 day simple moving average is $47.43 and its 200-day simple moving average is $46.65.

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

Analysts Set New Price Targets

Several brokerages have commented on SKWD. Wolfe Research reaffirmed a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Truist Financial lifted their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. TD Cowen began coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a “hold” rating and a $43.00 price target on the stock. Barclays lifted their price target on 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 lowered their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.00.

Institutional Trading of Skyward Specialty Insurance Group

Several institutional investors have recently bought and sold shares of the stock. Summit Investment Advisors Inc. boosted its stake in Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock valued at $196,000 after buying an additional 247 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in Skyward Specialty Insurance Group by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company’s stock valued at $1,549,000 after buying an additional 306 shares in the last quarter. IHT Wealth Management LLC boosted its stake in Skyward Specialty Insurance Group by 4.6% in the 3rd quarter. IHT Wealth Management LLC now owns 10,501 shares of the company’s stock valued at $428,000 after buying an additional 464 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Skyward Specialty Insurance Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company’s stock valued at $1,068,000 after buying an additional 748 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its stake in Skyward Specialty Insurance Group by 756.1% in the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after buying an additional 809 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.