Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Get Free Report) major shareholder Corp Westaim sold 3,600,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $30.50, for a total transaction of $109,800,000.00. Following the sale, the insider now directly owns 6,979,639 shares of the company’s stock, valued at approximately $212,878,989.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Skyward Specialty Insurance Group Trading Down 0.1 %
Shares of NASDAQ:SKWD traded down $0.04 during midday trading on Monday, reaching $30.00. 710,286 shares of the company were exchanged, compared to its average volume of 311,269. The business’s fifty day moving average is $28.29 and its two-hundred day moving average is $25.69. Skyward Specialty Insurance Group, Inc. has a one year low of $17.50 and a one year high of $32.27. The stock has a market cap of $1.13 billion and a PE ratio of 14.02.
Analysts Set New Price Targets
Several research firms have recently commented on SKWD. Raymond James upped their price target on shares of Skyward Specialty Insurance Group from $30.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Monday. Truist Financial lifted their price objective on Skyward Specialty Insurance Group from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. JMP Securities increased their target price on shares of Skyward Specialty Insurance Group from $32.00 to $33.00 and gave the stock a “market outperform” rating in a report on Friday, October 13th. BMO Capital Markets lifted their price target on shares of Skyward Specialty Insurance Group from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Monday, August 14th. Finally, Piper Sandler raised their price objective on shares of Skyward Specialty Insurance Group from $27.00 to $32.00 and gave the company an “overweight” rating in a research report on Friday, October 6th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of “Buy” and a consensus price target of $31.57.
Check Out Our Latest Research Report on SKWD
Institutional Investors Weigh In On Skyward Specialty Insurance Group
Several large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in Skyward Specialty Insurance Group by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 71,060 shares of the company’s stock worth $1,805,000 after purchasing an additional 599 shares during the last quarter. Amalgamated Bank lifted its position in Skyward Specialty Insurance Group by 90.9% in the third quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock worth $63,000 after buying an additional 1,095 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Skyward Specialty Insurance Group by 390.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the company’s stock worth $52,000 after buying an additional 1,618 shares during the last quarter. California State Teachers Retirement System lifted its position in Skyward Specialty Insurance Group by 12.2% in the third quarter. California State Teachers Retirement System now owns 16,901 shares of the company’s stock worth $462,000 after buying an additional 1,836 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Skyward Specialty Insurance Group by 17.0% in the third quarter. Legal & General Group Plc now owns 12,904 shares of the company’s stock worth $353,000 after buying an additional 1,873 shares during the last quarter. Institutional investors own 41.33% of the company’s stock.
About Skyward Specialty Insurance Group
(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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