Sandip Kapadia Sells 5,030 Shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Sandip Kapadia sold 5,030 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares of the company’s stock, valued at approximately $403,030.59. This represents a 38.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Skyward Specialty Insurance Group Stock Down 1.3%

Shares of NASDAQ SKWD traded down $0.67 during midday trading on Friday, reaching $51.13. 330,557 shares of the company’s stock traded hands, compared to its average volume of 427,842. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 15.08 and a beta of 0.55. The stock’s 50 day simple moving average is $47.61 and its 200-day simple moving average is $50.47. Skyward Specialty Insurance Group, Inc. has a one year low of $41.28 and a one year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. The company had revenue of $382.53 million during the quarter, compared to the consensus estimate of $334.54 million. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.30%. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its position in Skyward Specialty Insurance Group by 146.5% during the 1st quarter. Raymond James Financial Inc. now owns 155,649 shares of the company’s stock worth $8,236,000 after buying an additional 92,511 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Skyward Specialty Insurance Group by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company’s stock worth $132,467,000 after acquiring an additional 227,921 shares during the period. Northern Trust Corp raised its holdings in shares of Skyward Specialty Insurance Group by 18.5% during the first quarter. Northern Trust Corp now owns 462,908 shares of the company’s stock worth $24,497,000 after purchasing an additional 72,202 shares during the last quarter. Strs Ohio acquired a new position in Skyward Specialty Insurance Group during the first quarter valued at $6,651,000. Finally, PDT Partners LLC boosted its holdings in Skyward Specialty Insurance Group by 17.7% in the first quarter. PDT Partners LLC now owns 66,371 shares of the company’s stock valued at $3,512,000 after purchasing an additional 9,969 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Raymond James Financial set a $66.00 target price on Skyward Specialty Insurance Group in a research note on Friday, December 5th. Zacks Research raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Citizens Jmp boosted their price objective on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Thursday, December 4th. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

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.