John A. Burkhart III Sells 4,832 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.24, for a total value of $242,759.68. Following the transaction, the insider now directly owns 17,655 shares in the company, valued at approximately $886,987.20. The trade was a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Skyward Specialty Insurance Group Trading Up 2.5 %

Shares of NASDAQ SKWD opened at $48.46 on Wednesday. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62. The firm has a market capitalization of $1.94 billion, a PE ratio of 14.77, a PEG ratio of 0.81 and a beta of 0.66. The business has a 50-day moving average price of $47.39 and a two-hundred day moving average price of $46.71.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. Research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SKWD shares. Barclays lifted their price target on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. TD Cowen started coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 price target on the stock. Truist Financial lifted their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Finally, JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

Several institutional investors have recently made changes to their positions in SKWD. Capital World Investors acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $41,182,000. American Century Companies Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 54.0% during the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock valued at $79,744,000 after buying an additional 553,389 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $18,084,000. Swedbank AB acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $15,164,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Skyward Specialty Insurance Group by 37.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company’s stock valued at $52,995,000 after buying an additional 283,749 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Company Profile

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.