Moody Aldrich Partners LLC Has $7.61 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Moody Aldrich Partners LLC lessened its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDFree Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,507 shares of the company’s stock after selling 4,360 shares during the quarter. Skyward Specialty Insurance Group accounts for about 1.4% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Moody Aldrich Partners LLC owned about 0.38% of Skyward Specialty Insurance Group worth $7,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SKWD. Envestnet Asset Management Inc. boosted its holdings in shares of Skyward Specialty Insurance Group by 197.2% in the second quarter. Envestnet Asset Management Inc. now owns 65,036 shares of the company’s stock valued at $2,353,000 after buying an additional 43,153 shares during the period. Dimensional Fund Advisors LP acquired a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at approximately $8,151,000. Renaissance Technologies LLC acquired a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at approximately $224,000. Amalgamated Bank lifted its position in shares of Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after purchasing an additional 279 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Skyward Specialty Insurance Group in the second quarter worth $964,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Jefferies Financial Group boosted 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 research report on Wednesday, October 9th. Barclays boosted 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 report on Monday, January 6th. Raymond James upped their price target on shares of 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. TD Cowen began 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 price target on the stock. Finally, JMP Securities upped their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $48.22.

Check Out Our Latest Analysis on SKWD

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $43.30 on Wednesday. The firm has a market capitalization of $1.74 billion, a PE ratio of 13.20, a PEG ratio of 0.72 and a beta of 0.89. The company’s 50-day moving average is $49.15 and its 200-day moving average is $44.39. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $300.89 million for the quarter, compared to the consensus estimate of $292.43 million. During the same period in the prior year, the company posted $0.65 earnings per share. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.07 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, EVP Sandip A. Kapadia sold 908 shares of the stock in a transaction dated 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 directly owns 10,371 shares in the company, valued at $487,229.58. This represents a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Charles Hays sold 25,000 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the sale, the director now owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 40,318 shares of company stock worth $2,098,866. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Skyward Specialty Insurance Group (NASDAQ:SKWD)

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