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In a recent transaction, Ashe Gena L, a director at Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), sold 1,000 shares of the company’s common stock. The shares were sold on March 6, 2025, at a weighted average price of $50.6154 per share, resulting in a total transaction value of $50,615. Following this sale, Ashe Gena L retains ownership of 734 shares in the company. The transaction comes as the stock, currently trading at $47.26, has experienced a notable 11.3% decline over the past week. According to InvestingPro analysis, the company maintains a "GREAT" financial health score, with strong liquidity ratios and profitable operations.
The shares were sold in multiple transactions at prices ranging from $50.61 to $50.64. Skyward Specialty Insurance Group is headquartered in Houston, Texas, and operates within the fire, marine, and casualty insurance sector. With a market capitalization of $1.93 billion and a P/E ratio of 18.4, the company has demonstrated strong performance with a 35% return over the past year. InvestingPro subscribers can access detailed analysis and 7 additional key insights about SKWD’s valuation and growth prospects through the comprehensive Pro Research Report.
In other recent news, Skyward Specialty Insurance Group reported fourth-quarter 2024 earnings that surpassed expectations, with an earnings per share (EPS) of $0.80 compared to the forecasted $0.65. The company’s revenue also exceeded projections, reaching $304.4 million against a forecast of $265.04 million. Jefferies and Keefe, Bruyette & Woods both raised their price targets for Skyward Specialty to $62.00, with Jefferies maintaining a Buy rating, citing the company’s strong quarterly performance and reaffirmed guidance for 2025. Wolfe Research, however, downgraded the stock from Outperform to Peer Perform, noting the company’s trading multiples and risk-return profile as factors for the downgrade.
Skyward Specialty’s robust growth in gross written premiums and investment income is expected to drive future EPS expansion, according to analyst assessments. The company is projected to maintain conservative loss ratios, contributing positively to its earnings trajectory. Additionally, Skyward Specialty’s management anticipates completing underwriting actions in California by the end of the first quarter of 2025, which is seen as a stabilizing move for the company’s operations.
The firm’s strategic expansions in niche markets and the launch of new units during 2024 have been highlighted as significant developments. Skyward Specialty’s financial outlook remains strong, with a net income guidance for 2025 in the range of $138-150 million and expected gross written premium growth in the low to mid-teens. The company’s strategic initiatives and sound management of expenses and income continue to support a positive outlook from several analysts.
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