Next Century Growth Investors LLC Grows Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Next Century Growth Investors LLC increased its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,974 shares of the company's stock after buying an additional 8,765 shares during the quarter. Next Century Growth Investors LLC owned 0.28% of Skyward Specialty Insurance Group worth $5,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in shares of Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after acquiring an additional 809 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth about $61,000. Pinnacle Financial Partners Inc purchased a new position in Skyward Specialty Insurance Group during the 4th quarter valued at about $220,000. Ashton Thomas Private Wealth LLC purchased a new position in Skyward Specialty Insurance Group during the 4th quarter valued at about $230,000. Finally, Kirr Marbach & Co. LLC IN bought a new position in Skyward Specialty Insurance Group during the 4th quarter valued at approximately $252,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Stock Down 0.0 %

Shares of SKWD stock traded down $0.02 during trading hours on Tuesday, hitting $53.91. 274,783 shares of the company's stock traded hands, compared to its average volume of 379,947. The stock's fifty day simple moving average is $50.77 and its two-hundred day simple moving average is $48.68. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.27 and a 12-month high of $55.62. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.81 and a beta of 0.63.

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Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $295.56 million. On average, equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

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

Wall Street Analyst Weigh In

SKWD has been the topic of several research analyst reports. Barclays boosted their target price on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday. Truist Financial boosted their price objective on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Jefferies Financial Group cut shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $62.00 to $59.00 in a research report on Friday. Finally, Piper Sandler decreased their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $57.00.

Skyward Specialty Insurance Group 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.