Emerald Mutual Fund Advisers Trust Has $27.77 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Emerald Mutual Fund Advisers Trust lessened its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 24.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 549,402 shares of the company’s stock after selling 177,000 shares during the quarter. Skyward Specialty Insurance Group comprises about 1.7% of Emerald Mutual Fund Advisers Trust’s investment portfolio, making the stock its 9th biggest position. Emerald Mutual Fund Advisers Trust’s holdings in Skyward Specialty Insurance Group were worth $27,767,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors acquired a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth approximately $41,182,000. American Century Companies Inc. increased its position in Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock worth $79,744,000 after acquiring an additional 553,389 shares during the period. WCM Investment Management LLC acquired a new position in Skyward Specialty Insurance Group during the 4th quarter valued at $18,084,000. Swedbank AB bought a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at $15,164,000. Finally, Price T Rowe Associates Inc. MD grew its position in Skyward Specialty Insurance Group by 37.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company’s stock worth $52,995,000 after purchasing an additional 283,749 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

SKWD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Barclays upped their price target on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, April 11th. Piper Sandler decreased 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. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Finally, Jefferies Financial Group downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $62.00 to $59.00 in a research note on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the sale, the insider now owns 17,655 shares in the company, valued at approximately $886,987.20. This trade represents a 21.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following 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 12,132 shares of company stock valued at $620,476 in the last three months. 8.01% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock opened at $52.06 on Monday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.42 and a 52-week high of $56.98. The stock has a fifty day moving average price of $51.53 and a two-hundred day moving average price of $49.38. The firm has a market capitalization of $2.10 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.81 and a beta of 0.63.

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

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.