Skyward Specialty Insurance Group (NASDAQ:SKWD) CEO Buys $1,033,396.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Andrew Robinson bought 22,100 shares of the company’s stock in a transaction on Friday, February 27th. The shares were purchased at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the transaction, the chief executive officer owned 167,674 shares in the company, valued at approximately $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Skyward Specialty Insurance Group Trading Up 3.3%

Shares of SKWD traded up $1.47 on Friday, reaching $46.47. 597,506 shares of the company’s stock traded hands, compared to its average volume of 540,576. The stock’s 50 day simple moving average is $46.89 and its two-hundred day simple moving average is $47.51. The stock has a market cap of $1.88 billion, a PE ratio of 11.42 and a beta of 0.55. Skyward Specialty Insurance Group, Inc. has a 52-week low of $42.45 and a 52-week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. The firm had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.During the same quarter in the prior year, the company earned $0.80 EPS. Analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on SKWD shares. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Citizens Jmp set a $80.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Susquehanna set a $80.00 price objective on Skyward Specialty Insurance Group in a research note on Friday, January 16th. Barclays set a $63.00 target price on Skyward Specialty Insurance Group in a research report on Thursday, January 8th. Finally, Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.80.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Large investors have recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. boosted its position in shares of Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after acquiring an additional 690 shares during the period. 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. Finally, Kestra Advisory Services LLC purchased a new stake in Skyward Specialty Insurance Group in the 4th quarter worth approximately $65,000. 94.83% of the stock is owned by institutional investors.

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.