Skyward Specialty Insurance Group (NASDAQ:SKWD) Sets New 52-Week High at $38.17

Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDGet Free Report)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $38.17 and last traded at $38.06, with a volume of 111304 shares traded. The stock had previously closed at $37.94.

Analyst Upgrades and Downgrades

SKWD has been the topic of a number of analyst reports. Truist Financial upped their price objective on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Jefferies Financial Group started coverage on Skyward Specialty Insurance Group in a research note on Tuesday, December 12th. They set a “buy” rating and a $40.00 target price for the company. BMO Capital Markets raised their price objective on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Raymond James boosted their target price on shares of Skyward Specialty Insurance Group from $36.00 to $40.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 12th. Finally, JMP Securities raised their price target on shares of Skyward Specialty Insurance Group from $38.00 to $40.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.56.

Check Out Our Latest Research Report on SKWD

Skyward Specialty Insurance Group Trading Up 0.6 %

The stock’s fifty day moving average is $34.37 and its two-hundred day moving average is $32.08. The company has a market capitalization of $1.44 billion, a PE ratio of 17.00 and a beta of 0.45.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last posted its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 15.27%. The company had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $320.34 million. During the same quarter in the previous year, the firm posted $0.36 EPS. Skyward Specialty Insurance Group’s revenue was up 21.5% on a year-over-year basis. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.58, for a total value of $889,500.00. Following the sale, the chief financial officer now owns 236,688 shares of the company’s stock, valued at approximately $8,421,359.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Andrew S. Robinson sold 12,109 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $35.56, for a total transaction of $430,596.04. Following the transaction, the chief executive officer now owns 74,533 shares in the company, valued at $2,650,393.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Mark W. Haushill sold 25,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $35.58, for a total transaction of $889,500.00. Following the completion of the sale, the chief financial officer now owns 236,688 shares of the company’s stock, valued at $8,421,359.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 98,890 shares of company stock valued at $3,533,839.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Redwood Investments LLC purchased a new position in Skyward Specialty Insurance Group in the 4th quarter worth about $2,890,000. DekaBank Deutsche Girozentrale bought a new stake in Skyward Specialty Insurance Group in the 3rd quarter worth approximately $396,000. ClariVest Asset Management LLC bought a new stake in Skyward Specialty Insurance Group in the 3rd quarter worth approximately $1,106,000. Barclays PLC increased its position in Skyward Specialty Insurance Group by 263.2% during the third quarter. Barclays PLC now owns 16,494 shares of the company’s stock valued at $451,000 after acquiring an additional 11,953 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Skyward Specialty Insurance Group in the third quarter valued at about $455,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Company Profile

(Get Free Report)

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.

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