Lisanti Capital Growth LLC Trims Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Lisanti Capital Growth LLC cut its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,530 shares of the company's stock after selling 25,280 shares during the period. Lisanti Capital Growth LLC owned 0.08% of Skyward Specialty Insurance Group worth $1,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP grew its stake in Skyward Specialty Insurance Group by 176.9% in 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 during the period. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth $61,000. Pinnacle Financial Partners Inc acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at $220,000. Kirr Marbach & Co. LLC IN bought a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $252,000. Finally, FORA Capital LLC acquired a new position in Skyward Specialty Insurance Group during the third quarter worth $256,000. 94.83% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the transaction, the insider now owns 3,946 shares of the company's stock, valued at $204,876.32. This represents a 61.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Robinson sold 6,010 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total value of $296,713.70. Following the transaction, the chief executive officer now owns 77,144 shares of the company's stock, valued at $3,808,599.28. The trade was a 7.23 % decrease in their position. 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 three months. Company insiders own 8.01% of the company's stock.

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Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD traded up $1.20 during trading on Tuesday, reaching $48.46. The company's stock had a trading volume of 408,011 shares, compared to its average volume of 349,549. 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 market cap of $1.94 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. The firm has a 50 day moving average of $47.43 and a 200-day moving average of $46.65.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SKWD. Keefe, Bruyette & Woods lifted their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an "outperform" rating in a report on Friday, February 28th. Piper Sandler cut their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Barclays raised their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Finally, TD Cowen initiated coverage on 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. Four research analysts have rated the stock with a hold rating, six have given 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 an average price target of $55.00.

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.