Quantbot Technologies LP Cuts Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Quantbot Technologies LP lessened its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 78.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,060 shares of the company's stock after selling 37,538 shares during the period. Quantbot Technologies LP's holdings in Skyward Specialty Insurance Group were worth $410,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SKWD. Arcadia Investment Management Corp MI purchased a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter valued at about $41,000. Amalgamated Bank increased its stake in shares of Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company's stock valued at $46,000 after purchasing an additional 279 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at about $160,000. CWM LLC increased its stake in shares of Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company's stock valued at $168,000 after purchasing an additional 4,003 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Skyward Specialty Insurance Group by 67.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company's stock valued at $204,000 after purchasing an additional 2,270 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director James Charles Hays sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the transaction, the director now directly owns 747,261 shares in the company, valued at approximately $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SKWD shares. Jefferies Financial Group lifted their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, August 12th. Raymond James lifted their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Finally, Barclays lifted their price objective on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $46.89.

Skyward Specialty Insurance Group Stock Up 1.4 %

Shares of Skyward Specialty Insurance Group stock traded up $0.77 on Wednesday, hitting $54.93. 214,618 shares of the company were exchanged, compared to its average volume of 350,870. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 0.98 and a beta of 0.76. The company has a 50-day moving average price of $46.95 and a 200 day moving average price of $40.98. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $54.93.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $300.89 million for the quarter, compared to analysts' expectations of $292.43 million. During the same period in the prior year, the firm posted $0.65 earnings per share. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

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.