Skyward Specialty Insurance EVP sells shares worth $275,062

Published 18/03/2025, 21:50
Skyward Specialty Insurance EVP sells shares worth $275,062

Sean W. Duffy, the Executive Vice President and Chief Claims Officer at Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD), has sold 5,625 shares of the company’s common stock. According to InvestingPro data, SKWD currently shows GREAT financial health with an overall score of 3.5 out of 5, while trading near its 52-week high of $55.62. The transaction, which took place on March 17, 2025, was carried out at a price of $48.90 per share, totaling $275,062. Following this sale, Duffy retains ownership of 8,813 shares in the company. The sale was conducted under a Rule 10b5-1 trading plan that Duffy adopted on September 11, 2024. The company has demonstrated strong performance with a 36% return over the past year and maintains healthy liquidity with a current ratio of 1.96. For deeper insights into SKWD’s valuation and growth prospects, including 7 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.

In other recent news, Skyward Specialty Insurance Group has been the subject of various analyst updates and corporate developments. Keefe, Bruyette & Woods maintained an Outperform rating on the company, highlighting that Skyward Specialty’s GAAP reserves were overstated by approximately $56.5 million. They kept their earnings per share estimates unchanged for 2025 and 2026, with a price target of $62.00 based on these projections. Additionally, Jefferies raised its price target for Skyward Specialty to $62.00 from $61.00, maintaining a Buy rating and noting the company’s alignment with its pre-announced quarterly performance and reaffirmed guidance for 2025.

Conversely, Wolfe Research downgraded Skyward Specialty from Outperform to Peer Perform, citing concerns over the company’s trading multiples and risk-return profile. They set a fair value range for the company between $50 and $59 by the end of 2025. In a corporate update, Skyward Specialty announced the appointment of Patricia Ryan as the new General Counsel, succeeding Leslie Shaunty. Ryan brings over 20 years of experience in the insurance industry, which the company views as a valuable addition to its executive team.

These developments reflect a mixture of analyst confidence and caution, alongside strategic leadership changes within Skyward Specialty Insurance Group.

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