Skyward Specialty Insurance Group CFO Conducts Stock Sale

On January 2nd, 2025, Mark W. Haushill, the Chief Financial Officer (CFO) of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), sold 1,630 shares of the company's stock. The shares were sold at an average price of $49.06 each, totaling approximately $79,967.80. After this transaction, Haushill owns 176,971 shares in Skyward Specialty, which are valued at about $8,682,197.26. This sale reflects a decrease of 0.91% in his holdings. Details of the transaction were filed with the SEC and are publicly accessible.

Stock Performance Overview

As of Tuesday, shares for NASDAQ:SKWD opened at $45.09. Skyward Specialty Insurance Group has experienced a 52-week low of $29.40 and a 52-week high of $55.62. The company holds a market capitalization of $1.81 billion, a price-to-earnings (P/E) ratio of 13.75, a price-to-earnings growth (PEG) ratio of 0.95, and a beta of 0.89. Recent trading data shows the company's 50-day simple moving average at $50.23, while the 200-day simple moving average stands at $43.49.

Recent Earnings Report

Skyward Specialty Insurance Group reported its quarterly earnings on October 29th, 2024. The company achieved earnings of $0.71 per share, surpassing the consensus estimate of $0.65 by $0.06. Revenue for the quarter was $300.89 million, which exceeded expectations of $292.43 million. The firm recorded a net margin of 12.24% and a return on equity of 16.39%. Last year's earnings were reported at $0.65 per share. Analysts forecast an EPS of 3.06 for the current fiscal year.

Price Target Adjustments by Analysts

Analysis from several research firms has resulted in updated price targets for Skyward Specialty Insurance Group. Raymond James increased their target from $45.00 to $55.00, classifying the stock as a strong buy. Barclays adjusted their target to $53.00, maintaining an equal weight rating. Jefferies Financial Group made an upward modification from $45.00 to $49.00, signaling a buy, while JMP Securities raised their target from $50.00 to $53.00, with a market outperform rating. Currently, three analysts have given the stock a hold rating, seven analysts rate it as a buy, and one analyst has indicated a strong buy. Based on these evaluations, the stock is attributed an average rating of "Moderate Buy" with a target price averaging $47.78.

Institutional Investors’ Activity

Recently, various hedge funds have engaged in trading shares of SKWD. Arcadia Investment Management Corp MI bought a new position in the company worth around $41,000 during the third quarter. Additionally, Amalgamated Bank raised its stake by 27.7% in the second quarter, owning 1,285 shares valued at $46,000 after acquiring 279 more shares. Quarry LP increased their holdings by 176.9% in the third quarter, owning 1,376 shares worth $56,000 after buying 879 shares. Ashton Thomas Private Wealth LLC also entered a new investment in Skyward Specialty Insurance Group, valued at about $160,000. Moreover, CWM LLC’s holdings grew by 3,103.1% in the third quarter, with 4,132 shares worth approximately $168,000. Notably, institutional investors and hedge funds hold about 94.83% of the outstanding shares of Skyward Specialty Insurance Group.

Company Overview

Skyward Specialty Insurance Group, Inc. is an insurance holding company that provides various commercial property and casualty insurance products across the United States. The firm offers a broad range of coverage options including general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.

CFO, Stock, Insurance