Emerald Advisers LLC Sells 51,177 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Emerald Advisers LLC reduced its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 823,404 shares of the company's stock after selling 51,177 shares during the period. Skyward Specialty Insurance Group comprises approximately 1.6% of Emerald Advisers LLC's portfolio, making the stock its 10th largest position. Emerald Advisers LLC owned approximately 2.05% of Skyward Specialty Insurance Group worth $41,615,000 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 company. Barclays PLC lifted its holdings in Skyward Specialty Insurance Group by 277.7% during the 3rd quarter. Barclays PLC now owns 64,032 shares of the company's stock worth $2,608,000 after buying an additional 47,081 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Skyward Specialty Insurance Group by 49.8% during the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company's stock worth $4,240,000 after purchasing an additional 34,612 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Skyward Specialty Insurance Group by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company's stock valued at $3,515,000 after purchasing an additional 21,346 shares in the last quarter. State Street Corp increased its stake in Skyward Specialty Insurance Group by 10.8% in the third quarter. State Street Corp now owns 844,233 shares of the company's stock valued at $34,386,000 after purchasing an additional 82,328 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Skyward Specialty Insurance Group during the third quarter worth approximately $394,000. Institutional investors and hedge funds own 94.83% of the company's stock.

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Skyward Specialty Insurance Group Trading Down 1.2 %

Shares of SKWD traded down $0.64 during trading hours on Thursday, reaching $53.16. The company had a trading volume of 324,200 shares, compared to its average volume of 353,051. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.27 and a 12-month high of $55.62. The firm has a 50 day simple moving average of $48.56 and a 200-day simple moving average of $47.46. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 0.81 and a beta of 0.67.

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

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 637 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total value of $30,454.97. Following the sale, the insider now directly owns 10,792 shares in the company, valued at $515,965.52. This represents a 5.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Robinson sold 6,010 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total transaction of $296,713.70. Following the transaction, the chief executive officer now directly owns 77,144 shares of the company's stock, valued at approximately $3,808,599.28. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 27,450 shares of company stock valued at $1,369,342 in the last ninety days. Corporate insiders own 8.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SKWD shares. Wolfe Research restated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. JMP Securities restated a "market outperform" rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. TD Cowen started 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 on the stock. Finally, Barclays upgraded Skyward Specialty Insurance Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $53.00 to $63.00 in a research report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group has an average rating of "Moderate Buy" and an average target price of $56.25.

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.