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 company’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $50.01, for a total value of $251,550.30. Following the completion of the sale, the insider owned 8,059 shares in the company, 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 accessible through this link.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD traded down $0.67 during trading hours on Friday, hitting $51.13. The stock had a trading volume of 330,557 shares, compared to its average volume of 427,842. The firm has a 50-day moving average price of $47.61 and a 200 day moving average price of $50.47. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $65.05. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 15.08 and a beta of 0.55.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. The company had revenue of $382.53 million during the quarter, compared to analysts’ expectations 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 company earned $0.71 earnings per share. As a group, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKWD has been the topic of several research analyst reports. Piper Sandler raised their price objective on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Zacks Research upgraded Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. BMO Capital Markets lifted their price target on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday, September 8th. Raymond James Financial set a $66.00 price target on shares of Skyward Specialty Insurance Group in a report on Friday, December 5th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Skyward Specialty Insurance Group from $64.00 to $66.00 and gave the company an “outperform” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

Institutional Investors Weigh In On Skyward Specialty Insurance Group

A number of large investors have recently modified their holdings of SKWD. Vanguard Group Inc. raised its position 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 valued at $132,467,000 after buying an additional 227,921 shares during the last quarter. Invesco Ltd. grew its stake in Skyward Specialty Insurance Group by 46.3% during the 2nd quarter. Invesco Ltd. now owns 1,790,131 shares of the company’s stock valued at $103,452,000 after acquiring an additional 566,902 shares in the last quarter. Reinhart Partners LLC. raised its holdings in Skyward Specialty Insurance Group by 68.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock valued at $76,740,000 after acquiring an additional 654,500 shares during the last quarter. Franklin Resources Inc. lifted its stake in Skyward Specialty Insurance Group by 16.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,379,648 shares of the company’s stock worth $79,730,000 after purchasing an additional 198,931 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 19.5% during the 3rd quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock worth $65,290,000 after purchasing an additional 224,122 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

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.