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 the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the completion of the sale, the director owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. This represents a 13.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD traded down $0.47 on Tuesday, hitting $45.37. 486,292 shares of the company’s stock were exchanged, compared to its average volume of 487,333. 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, Inc. has a 12 month low of $40.60 and a 12 month high of $65.05. The business’s 50 day simple moving average is $45.20 and its two-hundred day simple moving average is $46.49.

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

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC purchased a new position in Skyward Specialty Insurance Group in the first quarter valued at about $37,000. Dimensional Fund Advisors LP grew its stake in Skyward Specialty Insurance Group by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 854,789 shares of the company’s stock valued at $37,337,000 after purchasing an additional 36,997 shares during the last quarter. KBC Group NV grew its stake in Skyward Specialty Insurance Group by 73.2% in the first quarter. KBC Group NV now owns 1,780 shares of the company’s stock valued at $78,000 after purchasing an additional 752 shares during the last quarter. Sparta 24 Ltd. purchased a new position in Skyward Specialty Insurance Group in the first quarter valued at about $1,398,000. Finally, Allspring Global Investments Holdings LLC grew its stake in Skyward Specialty Insurance Group by 1.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 169,162 shares of the company’s stock valued at $7,286,000 after purchasing an additional 2,148 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

SKWD has been the subject of several recent research reports. Weiss Ratings downgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a 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 report on Friday, March 13th. Piper Sandler decreased their price objective on 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. Finally, Zacks Research downgraded Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.75.

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.