Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,531 shares of the company's stock after selling 26,841 shares during the period. Kennedy Capital Management LLC owned 0.16% of Skyward Specialty Insurance Group worth $3,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group in the fourth quarter worth $61,000. Pinnacle Financial Partners Inc purchased a new position in Skyward Specialty Insurance Group during the 4th quarter valued at $220,000. Ashton Thomas Private Wealth LLC bought a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $230,000. Kirr Marbach & Co. LLC IN bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $252,000. Finally, Orion Portfolio Solutions LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the third quarter valued at $297,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock traded up $0.69 during trading hours on Friday, hitting $54.79. 217,862 shares of the stock traded hands, compared to its average volume of 381,129. The firm's 50 day moving average price is $51.12 and its 200-day moving average price is $48.91. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued 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. 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 analyst estimates of $295.56 million. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction on 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 of the company's stock, valued at approximately $37,155.08. This represents a 57.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the transaction, the insider now directly owns 17,655 shares of the company's stock, valued at $886,987.20. The trade was a 21.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,132 shares of company stock valued at $620,476 over the last 90 days. Insiders own 7.86% of the company's stock.

Analyst Upgrades and Downgrades

SKWD has been the subject of a number of research analyst reports. Barclays lifted 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. Keefe, Bruyette & Woods dropped their price objective on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Piper Sandler reduced their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, TD Cowen began coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

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.