Skyward Specialty Insurance Group (NASDAQ:SKWD) CEO Buys $1,033,396.00 in Stock

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) CEO Andrew Robinson bought 22,100 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the transaction, the chief executive officer owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD traded up $1.47 on Friday, hitting $46.47. The company’s stock had a trading volume of 597,506 shares, compared to its average volume of 540,576. The company has a market capitalization of $1.88 billion, a PE ratio of 11.42 and a beta of 0.55. The company has a 50-day simple moving average of $46.89 and a 200 day simple moving average of $47.51. Skyward Specialty Insurance Group, Inc. has a 1 year low of $42.45 and a 1 year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 18.51%. The company had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. During the same period in the prior year, the business earned $0.80 earnings per share. On average, equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Weiss Ratings cut Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 11th. Keefe, Bruyette & Woods increased their price objective on Skyward Specialty Insurance Group from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday. Susquehanna set a $80.00 price objective on Skyward Specialty Insurance Group in a report on Friday, January 16th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Piper Sandler reduced their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.80.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Financial Management Professionals Inc. purchased a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $27,000. GAMMA Investing LLC boosted its holdings 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 worth $29,000 after purchasing an additional 248 shares during the period. Assetmark Inc. increased its holdings in Skyward Specialty Insurance Group by 1,210.5% during the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after purchasing an additional 690 shares during the period. Quarry LP lifted its holdings in Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $65,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Company Profile

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.