20,293 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Bought by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. purchased a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,293 shares of the company’s stock, valued at approximately $688,000. Raymond James Financial Services Advisors Inc. owned approximately 0.05% of Skyward Specialty Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SKWD. Tower Research Capital LLC TRC increased its holdings in Skyward Specialty Insurance Group by 390.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the company’s stock worth $52,000 after acquiring an additional 1,618 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Skyward Specialty Insurance Group by 90.9% during the third quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock worth $63,000 after buying an additional 1,095 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $81,000. California State Teachers Retirement System purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $84,000. Finally, Citigroup Inc. purchased a new stake in shares of Skyward Specialty Insurance Group during the second quarter worth $87,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD opened at $34.66 on Thursday. The firm’s 50-day moving average is $35.64 and its two-hundred day moving average is $32.75. Skyward Specialty Insurance Group, Inc. has a 12 month low of $20.81 and a 12 month high of $38.64. The stock has a market capitalization of $1.39 billion, a P/E ratio of 15.47 and a beta of 0.45.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.05. The company had revenue of $321.60 million for the quarter, compared to analysts’ expectations of $320.34 million. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. Skyward Specialty Insurance Group’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.64 EPS for the current year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson sold 13,374 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $35.70, for a total transaction of $477,451.80. Following the sale, the chief executive officer now owns 96,883 shares of the company’s stock, valued at $3,458,723.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew S. Robinson sold 13,374 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $35.70, for a total transaction of $477,451.80. Following the sale, the chief executive officer now directly owns 96,883 shares in the company, valued at $3,458,723.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew S. Robinson sold 12,109 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $35.56, for a total transaction of $430,596.04. Following the sale, the chief executive officer now owns 74,533 shares in the company, valued at $2,650,393.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 98,890 shares of company stock valued at $3,533,839. 8.01% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SKWD. Piper Sandler upped their target price on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Monday, April 1st. Wolfe Research assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Thursday, January 11th. They set an “outperform” rating and a $39.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. BMO Capital Markets boosted their price target on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Finally, Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. One research analyst has 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. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $39.89.

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.