Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 6.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 279,942 shares of the company's stock after selling 18,872 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.70% of Skyward Specialty Insurance Group worth $11,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in shares of Skyward Specialty Insurance Group by 79.2% in the 1st quarter. California State Teachers Retirement System now owns 28,076 shares of the company's stock valued at $1,050,000 after purchasing an additional 12,410 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Skyward Specialty Insurance Group during the second quarter worth $1,601,000. Diversified Trust Co boosted its position in Skyward Specialty Insurance Group by 40.1% during the 2nd quarter. Diversified Trust Co now owns 16,500 shares of the company's stock valued at $597,000 after acquiring an additional 4,725 shares in the last quarter. HMS Capital Management LLC purchased a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $379,000. Finally, Calamos Advisors LLC raised its position in shares of Skyward Specialty Insurance Group by 23.4% in the 2nd quarter. Calamos Advisors LLC now owns 26,804 shares of the company's stock worth $970,000 after acquiring an additional 5,083 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on SKWD. Raymond James increased their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 5th. William Blair started coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an "outperform" rating for the company. Barclays lifted their price target on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an "outperform" rating in a report on Monday, August 12th. Finally, JMP Securities boosted their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $46.89.

Skyward Specialty Insurance Group Stock Down 2.1 %

Shares of SKWD traded down $1.08 during trading on Tuesday, reaching $50.24. 193,937 shares of the company traded hands, compared to its average volume of 348,569. The stock has a 50-day simple moving average of $47.96 and a 200-day simple moving average of $41.47. The stock has a market cap of $2.01 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.97 and a beta of 0.76. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter last year, the firm earned $0.65 EPS. On average, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the sale, the director now directly owns 747,261 shares in the company, valued at $40,352,094. This represents a 3.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.01% of the company's stock.

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.