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 company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $47.07, for a total value of $16,192.08. Following the sale, the general counsel now directly owns 20,407 shares of the company’s stock, valued at approximately $960,557.49. This represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $47.73, for a total transaction of $21,812.61.

Skyward Specialty Insurance Group Trading Down 3.0 %

Shares of NASDAQ SKWD traded down $1.38 during trading on Monday, reaching $45.09. The company had a trading volume of 565,125 shares, compared to its average volume of 409,575. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $55.62. The stock has a 50-day moving average price of $50.23 and a two-hundred day moving average price of $43.49. The stock 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.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its 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. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the previous year, the company posted $0.65 EPS. On average, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Institutional investors and hedge funds have recently modified their holdings of the company. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group in the 3rd quarter worth approximately $41,000. Amalgamated Bank boosted its holdings 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 worth $46,000 after purchasing an additional 279 shares during the last quarter. Quarry LP grew its position 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 valued at $56,000 after purchasing an additional 879 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group in the second quarter valued at $160,000. Finally, CWM LLC lifted its position in Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after buying an additional 4,003 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the topic of a number of analyst reports. Raymond James lifted their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. JMP Securities increased their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Barclays boosted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Jefferies Financial Group increased their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.78.

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.