Sandip A. Kapadia Sells 4,347 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) EVP Sandip A. Kapadia sold 4,347 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.51, for a total transaction of $215,219.97. Following the sale, the executive vice president now directly owns 12,508 shares of the company’s stock, valued at $619,271.08. The trade was a 25.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD traded down $1.38 on Monday, hitting $45.09. The company’s stock had a trading volume of 565,125 shares, compared to its average volume of 409,575. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. Skyward Specialty Insurance Group, Inc. has a 12 month low of $29.40 and a 12 month high of $55.62. The stock’s 50-day moving average is $50.23 and its two-hundred day moving average is $43.49.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in Skyward Specialty Insurance Group by 49.8% in the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock worth $4,240,000 after purchasing an additional 34,612 shares during the period. Barclays PLC lifted its holdings in shares of Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock valued at $2,608,000 after buying an additional 47,081 shares during the period. Marshall Wace LLP bought a new position in Skyward Specialty Insurance Group during the second quarter valued at about $10,152,000. State Street Corp grew its holdings in Skyward Specialty Insurance Group by 10.8% during the third quarter. State Street Corp now owns 844,233 shares of the company’s stock worth $34,386,000 after acquiring an additional 82,328 shares during the period. Finally, Navellier & Associates Inc. bought a new stake in Skyward Specialty Insurance Group in the third quarter worth about $1,051,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Raymond James raised their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, 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 report on Wednesday, October 9th. Three equities 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’s stock. According to data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $47.78.

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.