Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Holdings Raised by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 76.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 116,799 shares of the company’s stock after acquiring an additional 50,758 shares during the quarter. Royce & Associates LP owned approximately 0.29% of Skyward Specialty Insurance Group worth $5,903,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quarry LP lifted its position in Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $61,000. Pinnacle Financial Partners Inc bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at $220,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $230,000. Finally, Kirr Marbach & Co. LLC IN bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth $252,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 0.1 %

Shares of NASDAQ:SKWD opened at $49.43 on Thursday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.27 and a 12-month high of $55.62. The firm has a market capitalization of $1.98 billion, a P/E ratio of 15.07, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. The firm has a fifty day moving average of $47.62 and a two-hundred day moving average of $47.03.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $295.56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. Equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Truist Financial upped their target price on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price for the company. Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $56.25.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, EVP Sandip A. Kapadia sold 908 shares of the company’s 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the completion of the transaction, the insider now owns 3,946 shares in the company, valued at $204,876.32. The trade was a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,450 shares of company stock valued at $1,369,342 over the last three months. 8.01% of the stock is currently owned by insiders.

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.