Leslie Shaunty Sells 344 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) General Counsel Leslie Shaunty sold 344 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $47.07, for a total transaction of $16,192.08. Following the completion of the sale, the general counsel now directly owns 20,407 shares of the company’s stock, valued at approximately $960,557.49. The trade was a 1.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, January 3rd, Leslie Shaunty sold 457 shares of Skyward Specialty Insurance Group stock. The stock was sold at an average price of $47.73, for a total transaction of $21,812.61.

Skyward Specialty Insurance Group Trading Up 1.0 %

Skyward Specialty Insurance Group stock opened at $45.52 on Wednesday. The company has a 50-day moving average price of $50.25 and a 200 day moving average price of $43.56. Skyward Specialty Insurance Group, Inc. has a 12-month low of $29.40 and a 12-month high of $55.62. The stock has a market cap of $1.83 billion, a P/E ratio of 13.88, a PEG ratio of 0.95 and a beta of 0.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. The business had revenue of $300.89 million during the quarter, compared to analysts’ expectations 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 company posted $0.65 EPS. As a group, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James lifted their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Jefferies Financial Group increased their price objective on 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. JMP Securities upped their target price on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Finally, Barclays raised 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 equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted its stake in shares of Skyward Specialty Insurance Group by 1.0% in the 3rd quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock valued at $52,786,000 after purchasing an additional 12,484 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in Skyward Specialty Insurance Group by 2.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock valued at $45,528,000 after buying an additional 34,286 shares during the period. Franklin Resources Inc. lifted its position in Skyward Specialty Insurance Group by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after buying an additional 158,679 shares during the last quarter. American Century Companies Inc. boosted its stake in Skyward Specialty Insurance Group by 9.2% during the second quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock worth $33,269,000 after buying an additional 77,354 shares during the period. Finally, Emerald Advisers LLC increased its position in shares of Skyward Specialty Insurance Group by 3.4% during the third quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock valued at $35,622,000 after acquiring an additional 28,618 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

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.