Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 486,048 shares of the company's stock after purchasing an additional 9,192 shares during the quarter. Federated Hermes Inc. owned about 1.21% of Skyward Specialty Insurance Group worth $24,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock worth $79,744,000 after buying an additional 553,389 shares during the period. WCM Investment Management LLC acquired a new position in Skyward Specialty Insurance Group during the fourth quarter worth $18,084,000. Swedbank AB acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at $15,164,000. Franklin Resources Inc. grew its position in Skyward Specialty Insurance Group by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company's stock valued at $45,506,000 after acquiring an additional 158,679 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $6,594,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Skyward Specialty Insurance Group Stock Up 1.9 %

SKWD traded up $0.99 during trading on Monday, hitting $53.52. 40,805 shares of the stock were exchanged, compared to its average volume of 378,510. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The stock has a fifty day moving average price of $50.56 and a two-hundred day moving average price of $48.55. The firm has a market capitalization of $2.16 billion, a P/E ratio of 16.32, a PEG ratio of 0.81 and a beta of 0.63.

Remove Ads

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced 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 business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $295.56 million. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities reiterated a "market outperform" rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Barclays raised their price objective on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday. 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 for the company in a research note on Wednesday, April 9th. Truist Financial raised their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Piper Sandler lowered their price objective 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. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $57.00.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the sale, the insider now owns 17,655 shares of the company's stock, valued at $886,987.20. This represents a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total value of $327,096.00. Following the completion of the sale, the insider now directly owns 3,946 shares in the company, valued at approximately $204,876.32. The trade was a 61.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,132 shares of company stock valued at $620,476 in the last ninety days. 8.01% of the stock is currently owned by company insiders.

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.