WCM Investment Management LLC Purchases New Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

WCM Investment Management LLC bought a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the fourth quarter, according to the company in its most recent 13F 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.

A number of other large investors have also added to or reduced their stakes in the stock. Calamos Advisors LLC grew its position in Skyward Specialty Insurance Group by 3.4% in the fourth quarter. Calamos Advisors LLC now owns 60,246 shares of the company’s stock valued at $3,045,000 after acquiring an additional 1,995 shares during the last quarter. Swedbank AB acquired a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $15,164,000. Kirr Marbach & Co. LLC IN bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $252,000. Ellsworth Advisors LLC bought a new stake in Skyward Specialty Insurance Group during the fourth quarter valued at $676,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SKWD shares. Raymond James boosted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. TD Cowen started coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a “hold” rating and a $43.00 price objective for the company. JMP Securities upped their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their target price 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. Four research 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’s stock. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $50.67.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 546 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total transaction of $25,580.10. Following the completion of the sale, the insider now owns 10,246 shares of the company’s stock, valued at approximately $480,025.10. The trade was a 5.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Charles Hays sold 25,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 747,261 shares of the company’s stock, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,318 shares of company stock worth $2,098,866. 8.01% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $48.52 on Friday. The firm has a market cap of $1.95 billion, a PE ratio of 14.79, a P/E/G ratio of 0.81 and a beta of 0.83. The stock has a 50-day moving average price of $48.07 and a 200-day moving average price of $44.77. Skyward Specialty Insurance Group, Inc. has a 1 year low of $29.76 and a 1 year high of $55.62.

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.