Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty Sells 457 Shares

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 457 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $47.73, for a total transaction of $21,812.61. Following the completion of the sale, the general counsel now owns 20,751 shares in the company, valued at $990,445.23. This represents a 2.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Leslie Shaunty also recently made the following trade(s):

• On Monday, January 6th, Leslie Shaunty sold 344 shares of Skyward Specialty Insurance Group stock. The stock was sold at an average price of $47.07, for a total transaction of $16,192.08.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $45.09 on Tuesday. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $55.62. The company has a market capitalization of $1.81 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The company’s 50 day moving average price is $50.23 and its two-hundred day moving average price is $43.49.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The company had revenue of $300.89 million for the quarter, compared to analysts’ expectations of $292.43 million. During the same quarter last year, the company earned $0.65 EPS. On average, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SKWD shares. 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. Barclays boosted their price objective on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday. Raymond James raised 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 note on Tuesday, November 5th. Finally, Jefferies Financial Group increased their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.78.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of SKWD. Arcadia Investment Management Corp MI bought a new position in Skyward Specialty Insurance Group during the 3rd quarter worth approximately $41,000. Amalgamated Bank boosted its stake in shares of Skyward Specialty Insurance Group by 27.7% during the second 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 grew its holdings in shares of Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after purchasing an additional 879 shares during the last quarter. CWM LLC grew its holdings in shares of Skyward Specialty Insurance Group by 3,103.1% in the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after purchasing an additional 4,003 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Skyward Specialty Insurance Group during the 2nd quarter valued at $160,000. Institutional investors own 94.83% of the company’s stock.

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.