Key Points
- Insider sale: Skyward Specialty Insurance Group director Gena Ashe sold 740 shares at an average price of $46.35, worth about $34,299. The sale reduced her direct holdings by 13.94% and was made to cover tax withholding tied to vested equity awards.
- Recent earnings beat: The company reported quarterly EPS of $1.25, beating analyst expectations of $1.13. Revenue came in at $475.87 million, below consensus, though it still rose 9.9% year over year.
- Analyst sentiment remains positive overall: The stock carries a consensus rating of Moderate Buy with an average target price of $65.75. Recent calls were mixed, with some downgrades offset by upgrades from Wall Street Zen and Keefe, Bruyette & Woods.
Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Get Free Report) Director Gena Ashe sold 740 shares of the company's stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director directly owned 4,570 shares of the company's stock, valued at $211,819.50. The trade was a 13.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Skyward Specialty Insurance Group Stock Down 1.0%
Shares of SKWD stock opened at $45.37 on Wednesday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 10.93 and a beta of 0.54. The stock has a fifty day moving average of $45.18 and a 200 day moving average of $46.49. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $65.05.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The firm had revenue of $475.87 million during the quarter, compared to analysts' expectations of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 19.52%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.90 EPS. Equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.82 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Zacks Research downgraded Skyward Specialty Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 19th. Susquehanna set a $80.00 target price on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday. 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $65.75.
Read Our Latest Research Report on Skyward Specialty Insurance Group
Institutional Investors Weigh In On Skyward Specialty Insurance Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKWD. GAMMA Investing LLC increased its position in shares of Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company's stock valued at $29,000 after acquiring an additional 248 shares during the last quarter. CWM LLC grew its position in shares of Skyward Specialty Insurance Group by 19.4% during the fourth quarter. CWM LLC now owns 2,013 shares of the company's stock worth $103,000 after buying an additional 327 shares in the last quarter. California State Teachers Retirement System grew its holdings in Skyward Specialty Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company's stock worth $2,109,000 after acquiring an additional 341 shares in the last quarter. ProShare Advisors LLC raised its stake in Skyward Specialty Insurance Group by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company's stock worth $334,000 after acquiring an additional 423 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $27,000. Institutional investors own 94.83% of the company's stock.
Skyward Specialty Insurance Group Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
