Capital International Investors Grows Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Capital International Investors grew its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 0.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,212,710 shares of the company’s stock after buying an additional 287 shares during the period. Capital International Investors owned approximately 0.06% of Skyward Specialty Insurance Group worth $111,830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SKWD. Sterling Capital Management LLC raised its stake in Skyward Specialty Insurance Group by 756.1% in the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock worth $46,000 after acquiring an additional 809 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth about $61,000. Summit Investment Advisors Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock worth $196,000 after purchasing an additional 247 shares during the period. Pinnacle Financial Partners Inc acquired a new position in Skyward Specialty Insurance Group in the 4th quarter worth approximately $220,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Skyward Specialty Insurance Group during the 4th quarter worth approximately $230,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Trading Up 1.3 %

Shares of Skyward Specialty Insurance Group stock opened at $54.79 on Friday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.27 and a twelve month high of $55.62. The firm’s 50-day moving average price is $51.12 and its 200 day moving average price is $48.96. The firm has a market capitalization of $2.21 billion, a PE ratio of 16.70, a P/E/G 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. On average, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial upped their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $62.00 to $59.00 in a research report on Friday, April 11th. TD Cowen started coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a “hold” rating and a $43.00 price objective on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Piper Sandler decreased their price objective on shares of 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the completion of the sale, the director now owns 734 shares of the company’s stock, valued at approximately $37,155.08. This represents a 57.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $51.92, for a total transaction of $327,096.00. Following the completion of the sale, the insider now owns 3,946 shares of the company’s stock, 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. Insiders sold 12,132 shares of company stock valued at $620,476 over the last 90 days. 7.86% of the stock is currently owned by corporate 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.