Integrated Quantitative Investments LLC Takes $1.49 Million Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Integrated Quantitative Investments LLC purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 29,390 shares of the company's stock, valued at approximately $1,485,000. Skyward Specialty Insurance Group accounts for about 0.7% of Integrated Quantitative Investments LLC's holdings, making the stock its 13th largest holding. Integrated Quantitative Investments LLC owned approximately 0.07% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 54.0% during the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock valued at $79,744,000 after acquiring an additional 553,389 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at about $18,084,000. Swedbank AB purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $15,164,000. Franklin Resources Inc. lifted its holdings 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 worth $45,506,000 after buying an additional 158,679 shares in the last quarter. Finally, Segall Bryant & Hamill LLC purchased a new position in Skyward Specialty Insurance Group in the 4th quarter valued at about $6,594,000. 94.83% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

SKWD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research note on Wednesday. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Barclays raised shares of Skyward Specialty Insurance Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $53.00 to $63.00 in a report on Friday, March 14th. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a "hold" rating and a $43.00 target price for the company. Finally, Truist Financial increased their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Three 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 company has an average rating of "Moderate Buy" and an average price target of $55.63.

Insiders Place Their Bets

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

Skyward Specialty Insurance Group Trading Up 0.1 %

NASDAQ SKWD traded up $0.06 during trading hours on Wednesday, reaching $49.28. The company's stock had a trading volume of 189,649 shares, compared to its average volume of 440,609. The business has a 50-day simple moving average of $50.02 and a 200 day simple moving average of $48.25. The stock has a market cap of $1.99 billion, a PE ratio of 15.05, a PEG ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.27 and a 52 week high of $55.62.

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

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.