Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC trimmed its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 26.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,857 shares of the company’s stock after selling 4,230 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Skyward Specialty Insurance Group were worth $599,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Moran Wealth Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at about $477,000. Ashton Thomas Private Wealth LLC purchased a new position in Skyward Specialty Insurance Group during the fourth quarter worth about $230,000. Raymond James Financial Inc. purchased a new position in Skyward Specialty Insurance Group during the fourth quarter worth about $3,191,000. Charles Schwab Investment Management Inc. raised its stake in Skyward Specialty Insurance Group by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 283,629 shares of the company’s stock worth $14,335,000 after purchasing an additional 3,687 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Skyward Specialty Insurance Group by 11.3% during the fourth quarter. Bank of New York Mellon Corp now owns 122,402 shares of the company’s stock worth $6,186,000 after purchasing an additional 12,391 shares during the period. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, March 3rd. The shares were 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. The trade was a 61.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Robinson sold 6,010 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total transaction of $296,713.70. Following the completion of the transaction, the chief executive officer now owns 77,144 shares of the company’s stock, valued at $3,808,599.28. This represents a 7.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,450 shares of company stock worth $1,369,342. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $49.78 on Friday. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.18, a price-to-earnings-growth ratio of 0.81 and a beta of 0.66. The company has a 50 day moving average price of $47.38 and a 200 day moving average price of $46.79. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $33.27 and a fifty-two week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The firm had revenue of $304.40 million during the quarter, compared to analysts’ expectations 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, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on SKWD. Wolfe Research reaffirmed a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Truist Financial lifted their target price on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Keefe, Bruyette & Woods lifted their target price on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Barclays raised shares of Skyward Specialty Insurance Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $53.00 to $63.00 in a research note on Friday. Finally, JMP Securities reiterated a “market outperform” rating and set a $60.00 price target on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $56.25.

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.