Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 29.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 528,697 shares of the company's stock after acquiring an additional 121,636 shares during the period. Dimensional Fund Advisors LP owned approximately 1.32% of Skyward Specialty Insurance Group worth $26,719,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake 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 acquiring an additional 809 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $61,000. Summit Investment Advisors Inc. grew 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 last quarter. Pinnacle Financial Partners Inc purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $220,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $230,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 transaction, the insider now owns 17,655 shares in the company, valued at approximately $886,987.20. The trade was a 21.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 transaction, the insider now owns 3,946 shares in the company, valued at approximately $204,876.32. The trade was a 61.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,132 shares of company stock valued at $620,476. Insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock traded down $0.70 during trading hours on Monday, hitting $59.18. 40,914 shares of the company were exchanged, compared to its average volume of 372,259. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $60.75. The business's 50-day simple moving average is $52.65 and its two-hundred day simple moving average is $50.13. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 0.81 and a beta of 0.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $328.53 million for the quarter, compared to analysts' expectations of $310.94 million. During the same quarter last year, the company posted $0.75 earnings per share. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. JMP Securities raised their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the stock an "outperform" rating in a research report on Thursday. Truist Financial lifted their price objective on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Barclays boosted their price target on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Four 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 data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $61.13.

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.