Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stake Lowered by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 18.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 144,597 shares of the company's stock after selling 32,219 shares during the period. Russell Investments Group Ltd. owned 0.36% of Skyward Specialty Insurance Group worth $7,308,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC grew its position in shares of Skyward Specialty Insurance Group by 277.7% during the third quarter. Barclays PLC now owns 64,032 shares of the company's stock worth $2,608,000 after acquiring an additional 47,081 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of 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 period. JPMorgan Chase & Co. raised its holdings in shares of Skyward Specialty Insurance Group by 32.9% during the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company's stock valued at $3,515,000 after buying an additional 21,346 shares during the last quarter. State Street Corp grew its holdings in Skyward Specialty Insurance Group by 10.8% in the 3rd quarter. State Street Corp now owns 844,233 shares of the company's stock worth $34,386,000 after buying an additional 82,328 shares in the last quarter. Finally, Ellsworth Advisors LLC acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at approximately $676,000. Institutional investors and hedge funds own 94.83% of the company's stock.

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Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 734 shares of the company's stock, valued at approximately $37,155.08. This represents a 57.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $51.92, for a total value of $327,096.00. Following the transaction, the insider now directly owns 3,946 shares in the company, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,132 shares of company stock valued at $620,476 over the last ninety days. Corporate insiders own 8.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on SKWD shares. Truist Financial increased their target price 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. TD Cowen assumed 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 objective on the stock. Keefe, Bruyette & Woods cut their target price on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. JMP Securities reiterated 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. Finally, Barclays upped their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Skyward Specialty Insurance Group Trading Down 0.0 %

Shares of NASDAQ SKWD traded down $0.02 during mid-day trading on Tuesday, reaching $53.91. The company had a trading volume of 274,783 shares, compared to its average volume of 379,947. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The stock has a market cap of $2.17 billion, a PE ratio of 16.44, a P/E/G ratio of 0.81 and a beta of 0.63. The company has a 50-day moving average price of $50.77 and a two-hundred day moving average price of $48.68.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $304.40 million for the quarter, compared to analysts' expectations of $295.56 million. On average, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

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.