Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Sells $79,967.80 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CFO Mark W. Haushill sold 1,630 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.06, for a total value of $79,967.80. Following the completion of the transaction, the chief financial officer now owns 176,971 shares in the company, valued at $8,682,197.26. The trade was a 0.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD opened at $45.61 on Thursday. The firm’s 50 day simple moving average is $50.27 and its 200 day simple moving average is $43.58. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $55.62. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted 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. The company had revenue of $300.89 million for 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 period last year, the business posted $0.65 earnings per share. Equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current year.

Institutional Trading of Skyward Specialty Insurance Group

Hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new position in Skyward Specialty Insurance Group in the third quarter valued at about $41,000. Amalgamated Bank grew its position in shares of Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after purchasing an additional 279 shares during the period. Quarry LP increased its stake in Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after purchasing an additional 879 shares in the last quarter. CWM LLC raised its holdings in Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after buying an additional 4,003 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth approximately $160,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SKWD shares. JMP Securities upped their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Raymond James upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Jefferies Financial Group raised their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday. Three investment 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 MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $47.78.

About Skyward Specialty Insurance Group

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.