Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. trimmed its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,893 shares of the company's stock after selling 39,607 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.66% of Skyward Specialty Insurance Group worth $13,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SKWD. Sterling Capital Management LLC increased its stake in Skyward Specialty Insurance Group by 756.1% during the 4th 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. Andrew Hill Investment Advisors Inc. purchased a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $1,403,000. Raymond James Financial Inc. purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $3,191,000. Renaissance Technologies LLC raised its position in shares of Skyward Specialty Insurance Group by 11.7% in the fourth quarter. Renaissance Technologies LLC now owns 42,100 shares of the company's stock valued at $2,128,000 after buying an additional 4,400 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Skyward Specialty Insurance Group by 9.1% during the fourth quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock worth $61,524,000 after acquiring an additional 102,042 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD traded down $0.84 during trading hours on Monday, hitting $53.95. The company had a trading volume of 23,989 shares, compared to its average volume of 380,268. The business has a 50 day moving average of $51.12 and a 200-day moving average of $49.01. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The company has a market cap of $2.18 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $304.40 million during the quarter, compared to analysts' expectations of $295.56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. Sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKWD has been the topic of a number of research reports. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $62.00 to $59.00 in a research note on Friday, April 11th. Keefe, Bruyette & Woods dropped their target price on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a 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 report on Monday, February 10th. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Truist Financial boosted 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 report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were 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 in the company, valued at $37,155.08. This trade represents a 57.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.24, for a total transaction of $242,759.68. Following the sale, the insider now directly owns 17,655 shares in the company, valued at approximately $886,987.20. This represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,132 shares of company stock valued at $620,476. 7.86% of the stock is owned by corporate 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.