Moran Wealth Management LLC Invests $477,000 in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Moran Wealth Management LLC bought a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,447 shares of the company's stock, valued at approximately $477,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Skyward Specialty Insurance Group by 49.8% in the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company's stock valued at $4,240,000 after purchasing an additional 34,612 shares during the last quarter. Chartwell Investment Partners LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock valued at $1,549,000 after buying an additional 306 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Skyward Specialty Insurance Group by 12.9% in the 3rd quarter. Victory Capital Management Inc. now owns 743,073 shares of the company's stock valued at $30,265,000 after buying an additional 84,623 shares during the last quarter. Royce & Associates LP purchased a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at $2,690,000. Finally, Jennison Associates LLC raised its stake in Skyward Specialty Insurance Group by 1.0% during the 3rd quarter. Jennison Associates LLC now owns 1,296,001 shares of the company's stock worth $52,786,000 after acquiring an additional 12,484 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Insiders Place Their Bets

In other news, CEO Andrew S. Robinson sold 6,010 shares of the business'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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sandip A. Kapadia sold 4,347 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $49.51, for a total value of $215,219.97. Following the completion of the transaction, the executive vice president now directly owns 12,508 shares of the company's stock, valued at $619,271.08. The trade was a 25.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,450 shares of company stock worth $1,369,342. Corporate insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Up 0.0 %

Shares of NASDAQ:SKWD opened at $48.47 on Thursday. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.27 and a 52 week high of $55.62. The company has a 50-day moving average price of $47.35 and a 200 day moving average price of $46.72. The company has a market cap of $1.95 billion, a P/E ratio of 14.78, a PEG ratio of 0.81 and a beta of 0.66.

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

Analyst Ratings Changes

Several equities analysts have issued reports on SKWD shares. Barclays raised their price objective on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and set a $60.00 price target on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Keefe, Bruyette & Woods lifted their target price 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. Finally, TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 price target for the company. Four 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. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus 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.

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