Mark W. Haushill Sells 52,748 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) CFO Mark W. Haushill sold 52,748 shares of the business's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $58.76, for a total value of $3,099,472.48. Following the completion of the sale, the chief financial officer now directly owns 133,629 shares of the company's stock, valued at $7,852,040.04. The trade was a 28.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Skyward Specialty Insurance Group Stock Up 0.3%

NASDAQ SKWD traded up $0.15 during trading hours on Friday, hitting $57.33. 686,077 shares of the stock were exchanged, compared to its average volume of 369,831. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 19.11 and a beta of 0.79. Skyward Specialty Insurance Group, Inc. has a 12-month low of $34.10 and a 12-month high of $65.05. The stock has a 50-day moving average of $58.65 and a 200 day moving average of $52.50.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The business had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. Skyward Specialty Insurance Group had a return on equity of 16.80% and a net margin of 10.23%. During the same period in the prior year, the business posted $0.75 EPS. On average, equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Sterling Capital Management LLC grew its stake in shares of Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares during the period. LRI Investments LLC purchased a new stake in Skyward Specialty Insurance Group during the first quarter worth about $67,000. KBC Group NV acquired a new position in Skyward Specialty Insurance Group during the first quarter worth about $81,000. ORG Wealth Partners LLC increased its holdings in Skyward Specialty Insurance Group by 86.9% in the first quarter. ORG Wealth Partners LLC now owns 2,273 shares of the company's stock valued at $123,000 after buying an additional 1,057 shares in the last quarter. Finally, State of Wyoming increased its holdings in Skyward Specialty Insurance Group by 52.4% in the first quarter. State of Wyoming now owns 2,435 shares of the company's stock valued at $129,000 after buying an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group cut shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and cut their target price for the company from $62.00 to $59.00 in a report on Friday, April 11th. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. JMP Securities upped their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a report on Friday, May 2nd. Truist Financial increased their target price on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods boosted their price target on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.75.

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.