Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,275,235 shares of the company's stock after buying an additional 16,572 shares during the quarter. Vanguard Group Inc. owned 5.67% of Skyward Specialty Insurance Group worth $114,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SKWD. Quarry LP increased 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 acquiring an additional 879 shares during the period. ORG Wealth Partners LLC purchased a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $61,000. Pinnacle Financial Partners Inc acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at about $220,000. Ashton Thomas Private Wealth LLC acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at about $230,000. Finally, Kirr Marbach & Co. LLC IN purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $252,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on SKWD. TD Cowen started coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 target price on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research report on Wednesday. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $62.00 to $59.00 in a research report on Friday. 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 research note on Friday. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $57.00.

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Insider Buying and Selling

In related news, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now owns 3,946 shares in the company, valued at $204,876.32. This represents a 61.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the transaction, the director now directly owns 734 shares of the company's stock, valued at $37,155.08. The trade was a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,132 shares of company stock valued at $620,476. Corporate insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Trading Up 0.7 %

Shares of SKWD traded up $0.38 during mid-day trading on Friday, hitting $52.53. The company's stock had a trading volume of 543,473 shares, compared to its average volume of 379,845. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The firm has a market capitalization of $2.12 billion, a P/E ratio of 16.02, a P/E/G ratio of 0.81 and a beta of 0.63. The firm has a 50-day simple moving average of $50.56 and a 200 day simple moving average of $48.55.

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, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. As a group, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

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.