Skyward Specialty Insurance Group (NASDAQ:SKWD) Insider Sells $251,550.30 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Sandip Kapadia sold 5,030 shares of the company’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. The trade was a 38.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $51.13 on Monday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $65.05. The firm’s 50-day simple moving average is $47.65 and its 200 day simple moving average is $50.18. The stock has a market cap of $2.07 billion, a PE ratio of 15.08 and a beta of 0.55.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.85 by $0.20. The firm had revenue of $382.53 million for the quarter, compared to analysts’ expectations of $334.54 million. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. During the same quarter last year, the firm earned $0.71 EPS. As a group, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several large investors have recently modified their holdings of the business. Balyasny Asset Management L.P. boosted its holdings in shares of Skyward Specialty Insurance Group by 411.7% in the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after acquiring an additional 762,079 shares during the period. Reinhart Partners LLC. lifted its holdings in Skyward Specialty Insurance Group by 68.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after purchasing an additional 654,500 shares in the last quarter. Invesco Ltd. boosted its stake in Skyward Specialty Insurance Group by 46.3% in the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock worth $103,452,000 after purchasing an additional 566,902 shares during the period. Freestone Grove Partners LP purchased a new position in Skyward Specialty Insurance Group during the 3rd quarter valued at about $24,234,000. Finally, Voya Investment Management LLC increased its position in shares of Skyward Specialty Insurance Group by 3,712.0% during the first quarter. Voya Investment Management LLC now owns 433,652 shares of the company’s stock valued at $22,949,000 after buying an additional 422,276 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SKWD shares. Keefe, Bruyette & Woods upped their price objective on Skyward Specialty Insurance Group from $64.00 to $66.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Citigroup restated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Wolfe Research raised shares of Skyward Specialty Insurance Group to an “outperform” rating in a research report on Monday, September 15th. JMP Securities set a $80.00 target price on shares of Skyward Specialty Insurance Group in a research note on Thursday, December 4th. Finally, Citizens Jmp raised their price target on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $64.27.

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.