Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Holdings Cut by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 13.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,893 shares of the company’s stock after selling 39,607 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.66% of Skyward Specialty Insurance Group worth $13,388,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC boosted its position in Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock valued at $46,000 after purchasing an additional 809 shares during the period. Riverwater Partners LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 2.5% during the fourth quarter. Riverwater Partners LLC now owns 35,013 shares of the company’s stock valued at $1,770,000 after acquiring an additional 862 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $61,000. Nordea Investment Management AB increased its holdings in shares of Skyward Specialty Insurance Group by 2.4% in the 4th quarter. Nordea Investment Management AB now owns 64,321 shares of the company’s stock worth $3,248,000 after acquiring an additional 1,523 shares during the period. Finally, Calamos Advisors LLC lifted its position in Skyward Specialty Insurance Group by 3.4% in the 4th quarter. Calamos Advisors LLC now owns 60,246 shares of the company’s stock valued at $3,045,000 after purchasing an additional 1,995 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider John A. Burkhart III sold 4,832 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the transaction, the insider now owns 17,655 shares in the company, valued at $886,987.20. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of the business’s 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 sale, the insider now owns 3,946 shares in the company, valued at approximately $204,876.32. The trade was a 61.49 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,132 shares of company stock worth $620,476. 7.86% of the stock is owned by insiders.

Skyward Specialty Insurance Group Stock Down 0.0 %

Shares of Skyward Specialty Insurance Group stock opened at $53.91 on Wednesday. The business has a fifty day simple moving average of $50.77 and a 200-day simple moving average of $48.68. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $33.27 and a fifty-two week high of $55.62. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $295.56 million. Analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on SKWD. Truist Financial upped their target price on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Barclays increased their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods cut their target price on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Piper Sandler reduced their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Finally, Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Skyward Specialty Insurance Group 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.