Kirby Hill Sells 8,500 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDGet Free Report) insider Kirby Hill sold 8,500 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $37.02, for a total transaction of $314,670.00. Following the completion of the sale, the insider now directly owns 13,946 shares of the company’s stock, valued at $516,280.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Skyward Specialty Insurance Group Stock Up 0.7 %

SKWD stock opened at $36.68 on Wednesday. The company has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $33.81. The firm has a market capitalization of $1.47 billion, a P/E ratio of 13.49 and a beta of 0.68. Skyward Specialty Insurance Group, Inc. has a 52 week low of $21.93 and a 52 week high of $38.64.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last released its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. The firm had revenue of $264.97 million during the quarter, compared to analyst estimates of $251.66 million. Skyward Specialty Insurance Group had a net margin of 11.16% and a return on equity of 15.98%. During the same quarter last year, the business earned $0.42 EPS. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SKWD shares. Truist Financial increased their price objective on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. BMO Capital Markets increased their price objective on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. JMP Securities increased their price objective on shares of Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 2nd. Piper Sandler upped their target price on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their target price on shares of Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $42.50.

Check Out Our Latest Stock Report on Skyward Specialty Insurance Group

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently made changes to their positions in SKWD. Capital International Investors bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $50,632,000. Vanguard Group Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 109.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,787 shares of the company’s stock worth $41,390,000 after acquiring an additional 790,826 shares during the last quarter. Victory Capital Management Inc. purchased a new position in Skyward Specialty Insurance Group in the 4th quarter worth about $18,982,000. Ashford Capital Management Inc. purchased a new position in Skyward Specialty Insurance Group in the 3rd quarter worth about $9,707,000. Finally, Jennison Associates LLC increased its stake in Skyward Specialty Insurance Group by 35.2% in the 3rd quarter. Jennison Associates LLC now owns 1,356,301 shares of the company’s stock worth $37,108,000 after buying an additional 352,971 shares during the period. Institutional investors own 94.83% of the company’s stock.

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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