Skyward Specialty Insurance Group (NASDAQ:SKWD) Insider Sells $430,934.04 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas Schmitt sold 8,397 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the transaction, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Skyward Specialty Insurance Group Stock Performance

Shares of Skyward Specialty Insurance Group stock opened at $50.51 on Thursday. The company has a market capitalization of $2.05 billion, a P/E ratio of 12.17 and a beta of 0.49. The company has a fifty day moving average of $46.22 and a 200 day moving average of $46.39. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The company had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter in the prior year, the firm posted $0.90 EPS. Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Skyward Specialty Insurance Group by 1.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock valued at $774,000 after acquiring an additional 228 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 75.8% in the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the last quarter. CWM LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 19.4% in the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after acquiring an additional 327 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Skyward Specialty Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after acquiring an additional 341 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on SKWD shares. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Piper Sandler dropped their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Finally, Barclays increased their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Skyward Specialty Insurance Group Company Profile

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.