Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Insider Thomas N. Schmitt Sells 637 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDGet Free Report) insider Thomas N. Schmitt sold 637 shares of the company’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total value of $30,454.97. Following the completion of the sale, the insider now owns 10,792 shares of the company’s stock, valued at approximately $515,965.52. This trade represents a 5.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock opened at $45.09 on Tuesday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $55.62. The stock’s 50-day moving average is $50.23 and its two-hundred day moving average is $43.49. The firm has a market cap of $1.81 billion, a P/E ratio of 13.75, a PEG ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. During the same period in the prior year, the firm posted $0.65 EPS. As a group, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Institutional Trading of Skyward Specialty Insurance Group

Several large investors have recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in shares of Skyward Specialty Insurance Group by 2.4% during the 4th quarter. Nordea Investment Management AB now owns 64,321 shares of the company’s stock worth $3,248,000 after acquiring an additional 1,523 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock valued at $3,515,000 after purchasing an additional 21,346 shares during the period. Principal Financial Group Inc. boosted its stake in Skyward Specialty Insurance Group by 49.8% during the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock valued at $4,240,000 after purchasing an additional 34,612 shares during the period. Franklin Resources Inc. boosted its stake in Skyward Specialty Insurance Group by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after purchasing an additional 158,679 shares during the period. Finally, Barclays PLC boosted its stake in Skyward Specialty Insurance Group by 277.7% during the 3rd quarter. Barclays PLC now owns 64,032 shares of the company’s stock valued at $2,608,000 after purchasing an additional 47,081 shares during the period. Institutional investors own 94.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Raymond James upped their price objective on 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. Jefferies Financial Group upped their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays boosted their target price 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. Finally, JMP Securities boosted their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Get Our Latest Stock Analysis on Skyward Specialty Insurance Group

Skyward Specialty Insurance Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Skyward Specialty Insurance Group (NASDAQ:SKWD)

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