Thomas Schmitt Sells 8,397 Shares of Skyward Specialty Insurance Group (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider Thomas Schmitt sold 8,397 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider directly owned 10,353 shares in the company, valued at $531,315.96. This trade represents a 44.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Skyward Specialty Insurance Group Stock Down 1.6%

SKWD traded down $0.80 during trading on Monday, reaching $49.25. 518,709 shares of the company were exchanged, compared to its average volume of 466,449. The company’s 50-day moving average is $45.88 and its two-hundred day moving average is $46.38. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 11.87 and a beta of 0.49. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued 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. The business had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current year.

Hedge Funds Weigh In On Skyward Specialty Insurance Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Management Professionals Inc. purchased a new position in Skyward Specialty Insurance Group during the fourth quarter worth about $27,000. GAMMA Investing LLC grew its position in Skyward Specialty Insurance Group by 75.8% during 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. grew its position in Skyward Specialty Insurance Group by 1,210.5% during the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock worth $36,000 after buying 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 worth about $37,000. Finally, Quarry LP grew its position in Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SKWD has been the topic of a number of recent research reports. Piper Sandler dropped their price objective on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Barclays increased their price objective on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wall Street Zen cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.00.

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.