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Sean W. Duffy, the Executive Vice President and Chief Claims Officer at Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), recently executed several stock transactions, according to a recent SEC filing. On March 6, Duffy sold a total of 4,010 shares of Skyward Specialty Insurance Group’s common stock. The shares were sold at a weighted average price of $50.2399, amounting to a total transaction value of approximately $201,461. The transaction comes as the stock has experienced an 11.29% decline over the past week, though it maintains a strong 35% return over the past year. According to InvestingPro analysis, the company currently trades above its Fair Value.
In addition to the sales, Duffy also acquired shares through the exercise of stock units. He acquired 4,993 shares via Performance Stock Units (PSUs) and 5,000 shares through Restricted Stock Units (RSUs), both at no cost. These acquisitions and sales are part of a routine process for executives managing their stock portfolios, often to cover taxes and fees related to vesting and settlement of stock units.
Following these transactions, Duffy’s direct ownership in the company stands at 14,438 shares. Skyward Specialty Insurance Group, based in Houston, Texas, operates in the fire, marine, and casualty insurance sector.
In other recent news, Skyward Specialty Insurance Group reported fourth-quarter 2024 earnings that exceeded expectations, with an earnings per share (EPS) of $0.8 compared to the forecasted $0.65. The company’s revenue also surpassed projections, reaching $304.4 million against a forecast of $265.04 million. The strong financial results were supported by a 21% increase in gross written premiums for the quarter. Following these results, Keefe, Bruyette & Woods (KBW) raised its price target for Skyward Specialty to $62.00, citing the company’s solid performance and expectations for continued growth. Meanwhile, Wolfe Research downgraded the stock from Outperform to Peer Perform, reflecting concerns about the company’s trading multiples and risk-return profile. Jefferies also increased its price target for Skyward Specialty to $62.00, maintaining a Buy rating and expressing confidence in the company’s financial trajectory. These developments indicate varied analyst perspectives on Skyward Specialty’s valuation and future performance.
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