Champlain Investment Partners LLC Has $81.20 Million Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Champlain Investment Partners LLC cut its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,606,654 shares of the company's stock after selling 85,087 shares during the quarter. Champlain Investment Partners LLC owned 4.01% of Skyward Specialty Insurance Group worth $81,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sterling Capital Management LLC increased its position in Skyward Specialty Insurance Group by 756.1% in the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $61,000. Summit Investment Advisors Inc. raised its position in Skyward Specialty Insurance Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after acquiring an additional 247 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new stake in Skyward Specialty Insurance Group in the fourth quarter valued at approximately $220,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Skyward Specialty Insurance Group in the fourth quarter worth approximately $230,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the transaction, the director now directly owns 734 shares of the company's stock, valued at approximately $37,155.08. This represents a 57.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John A. Burkhart III sold 4,832 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the sale, the insider now directly owns 17,655 shares in the company, valued at approximately $886,987.20. This represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,132 shares of company stock valued at $620,476. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Up 2.8 %

NASDAQ SKWD traded up $1.50 during midday trading on Tuesday, hitting $54.21. The company had a trading volume of 81,468 shares, compared to its average volume of 380,115. The firm has a fifty day simple moving average of $51.20 and a two-hundred day simple moving average of $49.07. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $33.27 and a fifty-two week high of $55.62. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 16.53, a P/E/G ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. As a group, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SKWD shares. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods lowered their price objective on 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. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $62.00 to $59.00 in a research report on Friday, April 11th. Barclays raised their target price on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Finally, TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a "hold" rating and a $43.00 target price for the company. Four investment 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's stock. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of "Moderate Buy" and an average target price of $57.00.

About Skyward Specialty Insurance Group

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.