Sheets Smith Investment Management Buys Shares of 16,090 Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Sheets Smith Investment Management acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,090 shares of the company's stock, valued at approximately $813,000.

Other large investors have also recently bought and sold shares of the company. Quarry LP lifted its stake in shares of Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company's stock valued at $56,000 after acquiring an additional 879 shares during the period. ORG Wealth Partners LLC acquired a new position in Skyward Specialty Insurance Group during the fourth quarter valued at approximately $61,000. Pinnacle Financial Partners Inc acquired a new stake in Skyward Specialty Insurance Group in the fourth quarter worth $220,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth $230,000. Finally, Kirr Marbach & Co. LLC IN acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $252,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on SKWD. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Keefe, Bruyette & Woods boosted their price objective on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. JMP Securities restated a "market outperform" rating and set a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Truist Financial upped 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 report on Thursday, February 27th. Finally, TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a "hold" rating and a $43.00 price objective on the stock. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $56.25.

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Skyward Specialty Insurance Group Trading Down 1.0 %

Shares of NASDAQ SKWD traded down $0.54 during mid-day trading on Friday, hitting $52.62. The company had a trading volume of 410,706 shares, compared to its average volume of 365,279. The firm has a 50-day simple moving average of $48.72 and a two-hundred day simple moving average of $47.53. The company has a market capitalization of $2.11 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $295.56 million. Sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Thomas N. Schmitt sold 6,300 shares of the 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 transaction, the insider now owns 3,946 shares in the company, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew S. Robinson sold 6,010 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.37, for a total transaction of $296,713.70. Following the completion of the transaction, the chief executive officer now owns 77,144 shares in the company, valued at $3,808,599.28. This trade represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,450 shares of company stock valued at $1,369,342. 8.01% of the stock is owned by insiders.

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.