Ellsworth Advisors LLC Buys New Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Ellsworth Advisors LLC bought a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,369 shares of the company's stock, valued at approximately $676,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter valued at about $41,000. ORG Wealth Partners LLC bought a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $61,000. Amalgamated Bank grew its stake in Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock valued at $46,000 after acquiring an additional 279 shares during the period. Quarry LP increased its holdings in shares of Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company's stock valued at $56,000 after acquiring an additional 879 shares in the last quarter. Finally, CWM LLC raised its position in shares of Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company's stock worth $168,000 after purchasing an additional 4,003 shares during the period. Institutional investors own 94.83% of the company's stock.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 1,630 shares of the firm's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.06, for a total value of $79,967.80. Following the completion of the transaction, the chief financial officer now directly owns 176,971 shares of the company's stock, valued at $8,682,197.26. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sandip A. Kapadia sold 908 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.98, for a total transaction of $42,657.84. Following the transaction, the executive vice president now owns 10,371 shares of the company's stock, valued at $487,229.58. This trade represents a 8.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,318 shares of company stock valued at $2,098,866 over the last three months. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD traded down $0.12 on Monday, hitting $44.90. 186,290 shares of the stock traded hands, compared to its average volume of 244,719. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 0.70 and a beta of 0.89. The business's fifty day moving average is $50.10 and its two-hundred day moving average is $44.03. Skyward Specialty Insurance Group, Inc. has a 12 month low of $29.40 and a 12 month high of $55.62.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on SKWD. JMP Securities boosted their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Barclays lifted their price target on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. TD Cowen began coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 target price on the stock. Finally, Raymond James upped their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $48.22.

Skyward Specialty Insurance Group 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.