Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP cut its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 283,828 shares of the company's stock after selling 8,347 shares during the period. Wasatch Advisors LP owned 0.71% of Skyward Specialty Insurance Group worth $14,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SKWD. Sterling Capital Management LLC boosted its position in shares of Skyward Specialty Insurance Group by 756.1% during the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after buying an additional 809 shares during the last quarter. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth $61,000. Summit Investment Advisors Inc. increased its stake in shares of Skyward Specialty Insurance Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after purchasing an additional 247 shares in the last quarter. Pinnacle Financial Partners Inc purchased a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $220,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $230,000. 94.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 1,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was 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 approximately $37,155.08. The trade was a 57.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the transaction, the insider now owns 17,655 shares in the company, valued at $886,987.20. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,132 shares of company stock worth $620,476 over the last 90 days. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Down 4.5 %

Skyward Specialty Insurance Group stock traded down $2.44 during midday trading on Monday, reaching $52.35. 169,615 shares of the stock traded hands, compared to its average volume of 380,827. The stock has a market cap of $2.11 billion, a P/E ratio of 15.96, a PEG ratio of 0.81 and a beta of 0.63. The stock's fifty day moving average is $51.12 and its 200-day moving average is $49.01. Skyward Specialty Insurance Group, Inc. has a 12 month low of $33.27 and a 12 month high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings data 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 net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $304.40 million during the quarter, compared to analysts' expectations of $295.56 million. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

SKWD has been the subject of several research analyst reports. Piper Sandler dropped their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $62.00 to $59.00 in a report on Friday, April 11th. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Truist Financial upped their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Barclays lifted their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $57.00.

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.