4,829 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,829 shares of the company's stock, valued at approximately $244,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC raised its holdings in shares of Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after purchasing an additional 809 shares during the last quarter. ORG Wealth Partners LLC acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at $61,000. Summit Investment Advisors Inc. lifted its position in Skyward Specialty Insurance Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after buying an additional 247 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $219,000. Finally, Pinnacle Financial Partners Inc acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $220,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Analysts Set New Price Targets

SKWD has been the topic of several analyst reports. Truist Financial upped their target price 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. Piper Sandler cut their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Wolfe Research restated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $57.63.

Insider Buying and Selling

In other news, insider John A. Burkhart III sold 4,832 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total transaction of $242,759.68. Following the transaction, the insider now directly owns 17,655 shares of the company's stock, valued at approximately $886,987.20. This trade represents a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the business's 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 sale, the insider now owns 3,946 shares of the company's stock, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Up 9.4 %

Shares of SKWD stock opened at $58.63 on Monday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.42 and a 12-month high of $60.82. The company has a market capitalization of $2.36 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63. The firm has a 50 day moving average price of $51.97 and a two-hundred day moving average price of $49.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.12. The business had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same period in the previous year, the company posted $0.75 EPS. As a group, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

About Skyward Specialty Insurance Group

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.

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