130,474 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new stake in 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 Securities and Exchange Commission (SEC). The institutional investor bought 130,474 shares of the company's stock, valued at approximately $6,594,000. Segall Bryant & Hamill LLC owned 0.33% of Skyward Specialty Insurance Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Skyward Specialty Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock valued at $114,990,000 after acquiring an additional 16,572 shares during the period. American Century Companies Inc. boosted its position in shares of Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock worth $79,744,000 after purchasing an additional 553,389 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 16.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company's stock valued at $45,506,000 after buying an additional 158,679 shares during the period. State Street Corp increased its position in shares of Skyward Specialty Insurance Group by 10.8% in the 3rd quarter. State Street Corp now owns 844,233 shares of the company's stock valued at $34,386,000 after buying an additional 82,328 shares in the last quarter. Finally, Two Sigma Advisers LP raised its stake in Skyward Specialty Insurance Group by 15.3% during the 3rd quarter. Two Sigma Advisers LP now owns 490,200 shares of the company's stock worth $19,966,000 after buying an additional 65,200 shares during the period. Institutional investors own 94.83% of the company's stock.

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Analyst Upgrades and Downgrades

SKWD has been the subject of a number of research analyst reports. Barclays raised Skyward Specialty Insurance Group from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $53.00 to $63.00 in a research note on Friday, March 14th. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Truist Financial lifted their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. JMP Securities restated a "market outperform" rating and set a $60.00 price objective on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Finally, TD Cowen started coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a "hold" rating and a $43.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $56.25.

Skyward Specialty Insurance Group Stock Performance

SKWD traded up $0.30 during trading on Monday, reaching $52.92. 604,321 shares of the stock were exchanged, compared to its average volume of 366,232. The stock's 50 day moving average price is $48.88 and its two-hundred day moving average price is $47.74. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.27 and a twelve month high of $55.62. The stock has a market cap of $2.13 billion, a P/E ratio of 16.13, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67.

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 net margin of 12.24% and a return on equity of 16.39%. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Sandip A. Kapadia sold 4,347 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.51, for a total transaction of $215,219.97. Following the transaction, the executive vice president now directly owns 12,508 shares of the company's stock, valued at approximately $619,271.08. The trade was a 25.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas N. Schmitt sold 637 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total value of $30,454.97. Following the sale, the insider now directly owns 10,792 shares of the company's stock, valued at $515,965.52. This represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,450 shares of company stock valued at $1,369,342 over the last 90 days. 8.01% of the stock is currently owned by insiders.

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.