Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Sells $21,812.61 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 457 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 sale, the general counsel now directly owns 20,751 shares in the company, valued at approximately $990,445.23. The trade was a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 shares were sold at an average price of $47.07, for a total value of $16,192.08.

Skyward Specialty Insurance Group Trading Up 1.0 %

Shares of SKWD opened at $45.52 on Wednesday. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.95 and a beta of 0.89. The business’s fifty day simple moving average is $50.25 and its two-hundred day simple moving average is $43.56. Skyward Specialty Insurance Group, Inc. has a 12 month low of $29.40 and a 12 month high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.65 by $0.06. The company had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same period last year, the company earned $0.65 EPS. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JMP Securities increased their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Raymond James lifted their target price on shares of 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $47.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC grew its position in Skyward Specialty Insurance Group by 1.0% in the 3rd quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock worth $52,786,000 after purchasing an additional 12,484 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of Skyward Specialty Insurance Group by 2.8% in the second quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock worth $45,528,000 after acquiring an additional 34,286 shares during the period. Franklin Resources Inc. increased its position in Skyward Specialty Insurance Group by 16.6% during the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after acquiring an additional 158,679 shares during the last quarter. American Century Companies Inc. lifted its holdings in Skyward Specialty Insurance Group by 9.2% in the second quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after acquiring an additional 77,354 shares during the period. Finally, Emerald Advisers LLC boosted its position in Skyward Specialty Insurance Group by 3.4% in the third quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock worth $35,622,000 after purchasing an additional 28,618 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

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.