Geode Capital Management LLC Sells 29,152 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Geode Capital Management LLC lowered its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 863,755 shares of the company's stock after selling 29,152 shares during the period. Geode Capital Management LLC owned approximately 2.15% of Skyward Specialty Insurance Group worth $35,187,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Arcadia Investment Management Corp MI acquired a new position in Skyward Specialty Insurance Group during the 3rd quarter worth approximately $41,000. Amalgamated Bank raised its position in shares of Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock worth $46,000 after purchasing an additional 279 shares during the period. Quarry LP raised its position 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 worth $56,000 after purchasing an additional 879 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter worth $160,000. Finally, CWM LLC grew its position in Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company's stock valued at $168,000 after purchasing an additional 4,003 shares during the period. Institutional investors own 94.83% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on SKWD. Jefferies Financial Group upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. JMP Securities raised their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Barclays lifted their price target on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Raymond James increased their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $46.89.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD traded up $0.40 during trading on Thursday, reaching $51.44. The company's stock had a trading volume of 178,987 shares, compared to its average volume of 345,000. Skyward Specialty Insurance Group, Inc. has a 12 month low of $29.40 and a 12 month high of $55.62. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 15.68, a price-to-earnings-growth ratio of 0.95 and a beta of 0.76. The firm has a 50 day moving average of $49.88 and a 200-day moving average of $42.68.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.06. The business had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same quarter last year, the company posted $0.65 earnings per share. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director James Charles Hays sold 25,000 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the sale, the director now directly owns 747,261 shares in the company, valued at approximately $40,352,094. The trade was a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.01% of the stock is owned by company 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.