Integrated Quantitative Investments LLC Invests $1.49 Million in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Integrated Quantitative Investments LLC acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 29,390 shares of the company’s stock, valued at approximately $1,485,000. Skyward Specialty Insurance Group makes up approximately 0.7% of Integrated Quantitative Investments LLC’s investment portfolio, making the stock its 13th biggest holding. Integrated Quantitative Investments LLC owned approximately 0.07% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SKWD. Quarry LP lifted its holdings in shares of Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after purchasing an additional 879 shares during the period. ORG Wealth Partners LLC bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $61,000. Pinnacle Financial Partners Inc acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at about $220,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $230,000. Finally, Kirr Marbach & Co. LLC IN acquired a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $252,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 1.1 %

SKWD opened at $54.02 on Friday. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.81 and a beta of 0.67. The company’s fifty day moving average price is $49.53 and its two-hundred day moving average price is $47.94.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. As a group, equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on SKWD shares. Keefe, Bruyette & Woods raised their price target on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Piper Sandler dropped their target price on shares of 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. Truist Financial increased their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JMP Securities reissued a “market outperform” rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Finally, TD Cowen initiated coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a “hold” rating and a $43.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.25.

Insider Activity

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the completion of the transaction, the insider now owns 3,946 shares in the company, valued at $204,876.32. This represents a 61.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John A. Burkhart III sold 4,832 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the transaction, the insider now directly owns 17,655 shares in the company, valued at $886,987.20. This trade represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,369 shares of company stock worth $725,173 over the last 90 days. 8.01% of the stock is currently owned by corporate insiders.

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.