Peregrine Capital Management LLC Reduces Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Peregrine Capital Management LLC cut its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 402,282 shares of the company's stock after selling 27,294 shares during the period. Peregrine Capital Management LLC owned about 1.00% of Skyward Specialty Insurance Group worth $20,331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Chartwell Investment Partners LLC lifted its position in Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock valued at $1,549,000 after acquiring an additional 306 shares during the last quarter. IHT Wealth Management LLC lifted its position in Skyward Specialty Insurance Group by 4.6% in the third quarter. IHT Wealth Management LLC now owns 10,501 shares of the company's stock valued at $428,000 after acquiring an additional 464 shares during the last quarter. Quarry LP lifted its position in Skyward Specialty Insurance Group by 176.9% in 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 last quarter. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group in the third quarter valued at $41,000. Finally, The Manufacturers Life Insurance Company lifted its position in Skyward Specialty Insurance Group by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 336,882 shares of the company's stock valued at $13,721,000 after acquiring an additional 1,032 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Down 1.8 %

NASDAQ SKWD traded down $0.87 during trading hours on Friday, hitting $48.65. 304,236 shares of the stock were exchanged, compared to its average volume of 378,292. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.27 and a 12-month high of $55.62. The stock has a 50-day moving average of $47.40 and a 200 day moving average of $45.47.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, EVP Sandip A. Kapadia sold 908 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.98, for a total transaction of $42,657.84. Following the transaction, the executive vice president now directly owns 10,371 shares in the company, valued at approximately $487,229.58. This represents a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James Charles Hays sold 25,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the transaction, the director now owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,318 shares of company stock valued at $2,098,866 over the last ninety days. Corporate insiders own 8.01% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SKWD shares. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Keefe, Bruyette & Woods upped their target price on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the company an "outperform" rating in a report on Thursday, February 6th. Raymond James upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, November 5th. Finally, Piper Sandler reduced their target price 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.44.

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.