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Dan PK Bodnar, the Chief Information Officer of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), recently reported selling a significant portion of company stock. According to a filing with the Securities and Exchange Commission, Bodnar sold a total of 3,059 shares at an average price of $50.24 per share, amounting to approximately $153,683. The timing of the sale coincides with a notable 11% decline in SKWD’s stock price over the past week, with shares currently trading at $47.26.
The transactions, dated March 6, 2025, involved two separate sales of 1,131 and 1,928 shares. These sales were part of a plan to cover taxes and fees related to the vesting of his restricted stock units (RSUs) and performance stock units (PSUs).
In addition to these sales, Bodnar acquired 7,937 shares of common stock through the exercise of RSUs and PSUs, although these acquisitions were at no cost. Following these transactions, Bodnar holds 17,340 shares of Skyward Specialty Insurance Group.
Skyward Specialty Insurance Group is based in Houston, Texas, and operates in the fire, marine, and casualty insurance sector. With a market capitalization of $1.93 billion, the company maintains a "GREAT" financial health score according to InvestingPro’s comprehensive analysis, which includes additional insights available in the platform’s detailed research reports.
In other recent news, Skyward Specialty Insurance Group reported fourth-quarter 2024 earnings that exceeded analysts’ expectations, with an earnings per share (EPS) of $0.8, surpassing the forecasted $0.65. The company’s revenue also outperformed projections, reaching $304.4 million against a forecast of $265.04 million. Following these results, Jefferies raised its price target for Skyward Specialty to $62.00, maintaining a Buy rating, while Keefe, Bruyette & Woods (KBW) also increased their price target to $62.00, citing robust financial performance. Conversely, Wolfe Research downgraded Skyward Specialty from Outperform to Peer Perform, highlighting concerns about the company’s trading multiples and risk-return profile.
Skyward Specialty’s management reaffirmed its guidance for 2025, expecting gross written premium growth in the low to mid-teens and a combined ratio of 91-92%. The company also anticipates completing underwriting actions in California by the end of the first quarter of 2025. Analysts from Jefferies noted slight adjustments in growth and net investment income estimates, resulting in a 2% increase in projected EPS for upcoming years. Despite Wolfe Research’s downgrade, they suggested a year-end 2025 fair value range for Skyward Specialty between $50 and $59, based on revised EPS estimates for 2026. These developments reflect varied perspectives on Skyward Specialty’s financial outlook and market positioning.
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