Skyward Specialty Insurance Group (NASDAQ:SKWD) Director Sells $34,299.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Director Gena Ashe sold 740 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the sale, the director owned 4,570 shares of the company’s stock, valued at $211,819.50. This trade represents a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD opened at $45.28 on Friday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $65.05. The company has a 50-day simple moving average of $45.03 and a 200 day simple moving average of $46.46. The company has a market capitalization of $1.84 billion, a PE ratio of 10.91 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. During the same quarter last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SKWD shares. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Barclays lifted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Piper Sandler reduced their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Susquehanna set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.75.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds have recently bought and sold shares of the company. Financial Management Professionals Inc. purchased a new position in Skyward Specialty Insurance Group during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC grew its stake in Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares in the last quarter. Assetmark Inc. grew its stake in Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after acquiring an additional 690 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in Skyward Specialty Insurance Group during the first quarter valued at approximately $37,000. Finally, Quarry LP grew its stake in Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.