Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC lifted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 6.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,441 shares of the company’s stock after acquiring an additional 5,565 shares during the quarter. Kennedy Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $3,683,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SKWD. Ameritas Investment Partners Inc. lifted its holdings in Skyward Specialty Insurance Group by 24.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock worth $111,000 after buying an additional 579 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Skyward Specialty Insurance Group by 54.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,362 shares of the company’s stock worth $114,000 after buying an additional 1,186 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Skyward Specialty Insurance Group in the 4th quarter worth $161,000. ProShare Advisors LLC acquired a new position in Skyward Specialty Insurance Group in the 1st quarter worth $200,000. Finally, New York State Common Retirement Fund lifted its holdings in Skyward Specialty Insurance Group by 53.8% in the 4th quarter. New York State Common Retirement Fund now owns 10,602 shares of the company’s stock worth $359,000 after buying an additional 3,707 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Transactions at Skyward Specialty Insurance Group

In related news, CEO Andrew S. Robinson sold 23,533 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $37.21, for a total transaction of $875,662.93. Following the completion of the sale, the chief executive officer now directly owns 83,154 shares of the company’s stock, valued at $3,094,160.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Corp Westaim sold 5,060,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $36.50, for a total transaction of $184,690,000.00. Following the completion of the sale, the insider now directly owns 1,919,639 shares of the company’s stock, valued at $70,066,823.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Robinson sold 23,533 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $37.21, for a total transaction of $875,662.93. Following the sale, the chief executive officer now directly owns 83,154 shares of the company’s stock, valued at $3,094,160.34. The disclosure for this sale can be found here. In the last three months, insiders sold 5,095,277 shares of company stock valued at $186,000,945. Company insiders own 8.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SKWD. Truist Financial boosted their price objective on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Piper Sandler boosted 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 research report on Monday, April 1st. Keefe, Bruyette & Woods boosted their target price on shares of Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. JMP Securities boosted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $47.00 and gave the company a “market outperform” rating in a research report on Monday, July 1st. Finally, Oppenheimer began coverage on shares of Skyward Specialty Insurance Group in a research report on Friday, July 12th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.75.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD traded up $1.14 during trading on Tuesday, reaching $39.78. The company had a trading volume of 252,165 shares, compared to its average volume of 362,936. The firm’s fifty day moving average is $36.56 and its 200 day moving average is $35.52. The firm has a market capitalization of $1.59 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.76 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a twelve month low of $22.97 and a twelve month high of $40.38.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The company had revenue of $264.97 million during the quarter, compared to analyst estimates of $251.66 million. Skyward Specialty Insurance Group had a net margin of 11.16% and a return on equity of 15.98%. During the same period in the prior year, the business posted $0.42 EPS. Equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.81 earnings per share for the current fiscal year.

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.