Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Blair William & Co. IL

Blair William & Co. IL cut its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 7.2% in the 4th quarter, HoldingsChannel reports. The fund owned 32,222 shares of the company’s stock after selling 2,484 shares during the period. Blair William & Co. IL’s holdings in Skyward Specialty Insurance Group were worth $1,628,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in Skyward Specialty Insurance Group in the fourth quarter valued at $61,000. Quarry LP increased 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 valued at $56,000 after acquiring an additional 879 shares during the last quarter. Pinnacle Financial Partners Inc purchased a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $220,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $230,000. Finally, Kirr Marbach & Co. LLC IN acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $252,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $53.99 on Wednesday. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62. The stock’s 50 day moving average price is $49.07 and its 200 day moving average price is $47.85. The firm has a market capitalization of $2.18 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $295.56 million. On average, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a “hold” rating and a $43.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Wolfe Research reissued a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. 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 report on Thursday, February 6th. Finally, Barclays upgraded Skyward Specialty Insurance Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $53.00 to $63.00 in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $56.25.

Insider Activity

In other news, CEO Andrew S. Robinson sold 6,010 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total transaction of $296,713.70. Following the completion of the transaction, the chief executive officer now directly owns 77,144 shares in the company, valued at approximately $3,808,599.28. This represents a 7.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas N. Schmitt sold 546 shares of Skyward Specialty Insurance Group stock in a transaction on 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. This trade represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,450 shares of company stock worth $1,369,342 over the last ninety days. Corporate insiders own 8.01% of the company’s stock.

About Skyward Specialty Insurance Group

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.