Oberweis Asset Management Inc. Boosts Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Oberweis Asset Management Inc. increased its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 131,600 shares of the company's stock after purchasing an additional 5,000 shares during the quarter. Oberweis Asset Management Inc. owned about 0.33% of Skyward Specialty Insurance Group worth $6,651,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Sterling Capital Management LLC lifted its holdings 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 worth $46,000 after buying an additional 809 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in Skyward Specialty Insurance Group in the 4th quarter worth approximately $61,000. Summit Investment Advisors Inc. boosted its holdings in Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after purchasing an additional 247 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $219,000. Finally, Pinnacle Financial Partners Inc bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth $220,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 sale, the insider now directly owns 3,946 shares in the company, valued at $204,876.32. The trade was a 61.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $50,620.00. Following the completion of the transaction, the director now owns 734 shares of the company's stock, valued at approximately $37,155.08. This trade represents a 57.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Stock Up 1.8 %

Shares of Skyward Specialty Insurance Group stock traded up $0.93 on Monday, hitting $52.99. The stock had a trading volume of 299,943 shares, compared to its average volume of 382,247. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $56.98. The stock's 50-day simple moving average is $51.53 and its two-hundred day simple moving average is $49.38. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 0.81 and a beta of 0.63.

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 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. As a group, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped 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, April 9th. Truist Financial boosted their price objective on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Piper Sandler lowered their target price on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Barclays increased their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, TD Cowen started coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and a consensus target price of $57.00.

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.