Integrated Wealth Concepts LLC Invests $244,000 in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SKWD. Vanguard Group Inc. grew its position in shares of Skyward Specialty Insurance Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock valued at $114,990,000 after purchasing an additional 16,572 shares during the period. American Century Companies Inc. boosted its stake in Skyward Specialty Insurance Group by 54.0% in the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock worth $79,744,000 after buying an additional 553,389 shares during the last quarter. Invesco Ltd. grew its holdings in Skyward Specialty Insurance Group by 9.1% in the 4th quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock valued at $61,524,000 after buying an additional 102,042 shares during the period. Franklin Resources Inc. increased its stake in shares of Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock valued at $58,860,000 after acquiring an additional 47,363 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Skyward Specialty Insurance Group by 37.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company's stock valued at $52,995,000 after acquiring an additional 283,749 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD traded up $0.27 during trading on Friday, reaching $59.88. The stock had a trading volume of 201,391 shares, compared to its average volume of 373,446. The stock has a market cap of $2.42 billion, a PE ratio of 18.26, a P/E/G ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $60.40. The firm's 50 day moving average price is $52.65 and its two-hundred day moving average price is $50.11.

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

Analyst Ratings Changes

SKWD has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the company an "outperform" rating in a research note on Thursday. JMP Securities boosted their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research report on Friday, May 2nd. Barclays raised their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Finally, Piper Sandler increased their target price on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $61.13.

Insider Activity

In related 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 transaction of $327,096.00. Following the completion of the transaction, the insider now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the completion of the sale, the insider now owns 17,655 shares in the company, valued at $886,987.20. The trade was a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is currently owned by insiders.

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.