Thrivent Financial for Lutherans Sells 5,439 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Thrivent Financial for Lutherans cut its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 28.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,469 shares of the company's stock after selling 5,439 shares during the quarter. Thrivent Financial for Lutherans' holdings in Skyward Specialty Insurance Group were worth $680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. IHT Wealth Management LLC boosted its stake 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 raised its holdings in Skyward Specialty Insurance Group by 176.9% during the 3rd 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Skyward Specialty Insurance Group by 19.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,727 shares of the company's stock valued at $274,000 after buying an additional 1,095 shares in the last quarter. ORG Wealth Partners LLC bought a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $61,000. Finally, Nordea Investment Management AB boosted its stake in Skyward Specialty Insurance Group by 2.4% during the fourth quarter. Nordea Investment Management AB now owns 64,321 shares of the company's stock valued at $3,248,000 after buying an additional 1,523 shares during the period. Hedge funds and other institutional investors own 94.83% of the company's stock.

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Insider Activity

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 546 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the transaction, the insider now directly owns 10,246 shares of the company's stock, valued at approximately $480,025.10. This trade represents a 5.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Sandip A. Kapadia sold 908 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $46.98, for a total transaction of $42,657.84. Following the sale, the executive vice president now owns 10,371 shares of the company's stock, valued at $487,229.58. This trade represents a 8.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,369 shares of company stock valued at $725,173 over the last three months. Insiders own 8.01% of the company's stock.

Wall Street Analyst Weigh In

SKWD has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted 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 report on Friday, February 28th. TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 price objective for the company. JMP Securities reiterated a "market outperform" rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Finally, Piper Sandler reduced their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $56.25.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock traded down $4.48 during mid-day trading on Friday, reaching $49.54. The stock had a trading volume of 1,009,204 shares, compared to its average volume of 372,898. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 0.81 and a beta of 0.67. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62. The company has a 50-day moving average price of $49.53 and a two-hundred day moving average price of $47.94.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping 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 business had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

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.