Andrew Hill Investment Advisors Inc. Invests $1.40 Million in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Andrew Hill Investment Advisors Inc. bought a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,751 shares of the company's stock, valued at approximately $1,403,000. Andrew Hill Investment Advisors Inc. owned 0.07% of Skyward Specialty Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Riverwater Partners LLC increased its stake in Skyward Specialty Insurance Group by 2.5% during the 4th quarter. Riverwater Partners LLC now owns 35,013 shares of the company's stock worth $1,770,000 after purchasing an additional 862 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Skyward Specialty Insurance Group during the 4th quarter worth about $61,000. Nordea Investment Management AB raised its stake in shares of Skyward Specialty Insurance Group by 2.4% in the 4th quarter. Nordea Investment Management AB now owns 64,321 shares of the company's stock valued at $3,248,000 after purchasing an additional 1,523 shares during the period. Calamos Advisors LLC boosted its position in shares of Skyward Specialty Insurance Group by 3.4% during the fourth quarter. Calamos Advisors LLC now owns 60,246 shares of the company's stock worth $3,045,000 after buying an additional 1,995 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Skyward Specialty Insurance Group by 20.3% during the fourth quarter. LPL Financial LLC now owns 14,093 shares of the company's stock worth $712,000 after buying an additional 2,378 shares in the last quarter. Institutional investors own 94.83% of the company's stock.

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Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the sale, the director now directly owns 734 shares of the company's stock, valued at approximately $37,155.08. The trade was a 57.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the transaction, the insider now directly owns 3,946 shares in the company, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,132 shares of company stock worth $620,476. Company insiders own 8.01% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 price target for the company. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $62.00 to $59.00 in a report on Friday. Piper Sandler reduced their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Truist Financial upped their price objective on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of $57.00.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD traded down $0.26 during mid-day trading on Tuesday, reaching $53.67. The company had a trading volume of 94,118 shares, compared to its average volume of 378,568. The business's 50-day simple moving average is $50.68 and its 200 day simple moving average is $48.64. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The firm had revenue of $304.40 million for the quarter, compared to analysts' expectations of $295.56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Skyward Specialty Insurance Group Company Profile

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.