Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stake Raised by Royce & Associates LP

Royce & Associates LP grew its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 76.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,799 shares of the company's stock after purchasing an additional 50,758 shares during the period. Royce & Associates LP owned approximately 0.29% of Skyward Specialty Insurance Group worth $5,903,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Skyward Specialty Insurance Group by 49.8% during 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. Barclays PLC increased its stake in shares of Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company's stock worth $2,608,000 after buying an additional 47,081 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Skyward Specialty Insurance Group by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company's stock worth $3,515,000 after buying an additional 21,346 shares during the last quarter. Navellier & Associates Inc. bought a new stake in shares of Skyward Specialty Insurance Group in the third quarter worth $1,051,000. Finally, State Street Corp increased its stake in shares of Skyward Specialty Insurance Group by 10.8% in the third 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 during the last quarter. Hedge funds and other institutional investors own 94.83% of the company's stock.

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Insider Activity

In related news, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the sale, the director now directly owns 734 shares in the company, valued at $37,155.08. The trade was a 57.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Robinson sold 6,010 shares of Skyward Specialty Insurance Group 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 sale, the chief executive officer now owns 77,144 shares in the company, valued at approximately $3,808,599.28. This represents a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,450 shares of company stock valued at $1,369,342. 8.01% of the stock is currently owned by company insiders.

Skyward Specialty Insurance Group Trading Down 0.2 %

Skyward Specialty Insurance Group stock traded down $0.10 during mid-day trading on Friday, reaching $49.75. The company's stock had a trading volume of 470,333 shares, compared to its average volume of 351,771. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.27 and a twelve month high of $55.62. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.81 and a beta of 0.67. The business has a 50 day moving average price of $47.85 and a 200-day moving average price of $47.16.

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SKWD. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an "outperform" rating in a research note on Friday, February 28th. Wolfe Research restated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a "hold" rating and a $43.00 price target for the company. Barclays upgraded shares of Skyward Specialty Insurance Group from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $53.00 to $63.00 in a research note on Friday, March 14th. Finally, Truist Financial lifted their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.25.

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.