WCM Investment Management LLC Takes $18.08 Million Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

WCM Investment Management LLC bought a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 361,389 shares of the company's stock, valued at approximately $18,084,000. WCM Investment Management LLC owned about 0.90% of Skyward Specialty Insurance Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Chartwell Investment Partners LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock worth $1,549,000 after purchasing an additional 306 shares during the period. IHT Wealth Management LLC raised its stake in shares of 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 period. Quarry LP boosted its stake in shares of Skyward Specialty Insurance Group by 176.9% during the 3rd 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. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group in the 3rd quarter worth about $41,000. Finally, The Manufacturers Life Insurance Company raised its position in Skyward Specialty Insurance Group by 0.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 336,882 shares of the company's stock worth $13,721,000 after purchasing an additional 1,032 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 637 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total transaction of $30,454.97. Following the completion of the sale, the insider now directly owns 10,792 shares in the company, valued at approximately $515,965.52. The trade was a 5.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Sandip A. Kapadia sold 908 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $46.98, for a total transaction of $42,657.84. Following the completion of the sale, the executive vice president now owns 10,371 shares in the company, valued at $487,229.58. The trade was a 8.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,318 shares of company stock valued at $2,098,866. Insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Down 0.2 %

Shares of SKWD traded down $0.09 during mid-day trading on Wednesday, hitting $48.73. 177,445 shares of the company traded hands, compared to its average volume of 398,109. The business has a 50 day moving average of $47.86 and a 200 day moving average of $44.97. The company has a market capitalization of $1.95 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group, Inc. has a 1-year low of $31.18 and a 1-year high of $55.62.

Analyst Upgrades and Downgrades

Several equities analysts have commented on SKWD shares. Piper Sandler cut their price objective on 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. Raymond James increased their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, November 5th. Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Finally, Keefe, Bruyette & Woods upped their price target on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and a consensus target price of $51.44.

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.