Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Position Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 75,347 shares of the company's stock after selling 10,616 shares during the period. Envestnet Asset Management Inc. owned 0.19% of Skyward Specialty Insurance Group worth $3,808,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted 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 worth $114,990,000 after acquiring an additional 16,572 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of 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 valued at $79,744,000 after purchasing an additional 553,389 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock valued at $58,860,000 after purchasing an additional 47,363 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth $18,084,000. Finally, Swedbank AB purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $15,164,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider John A. Burkhart III sold 4,832 shares of the stock in a transaction dated 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 transaction, the insider now owns 17,655 shares in the company, valued at $886,987.20. This represents a 21.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $50.62, for a total transaction of $50,620.00. Following the sale, the director now owns 734 shares in the company, valued at $37,155.08. This trade represents a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,132 shares of company stock worth $620,476 in the last three months. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD traded down $0.45 during midday trading on Wednesday, hitting $53.09. 338,489 shares of the stock traded hands, compared to its average volume of 381,721. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.42 and a 1-year high of $56.98. The business's 50 day moving average price is $51.77 and its two-hundred day moving average price is $49.49. The firm has a market capitalization of $2.14 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping the consensus estimate 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%. As a group, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SKWD. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a "hold" rating and a $43.00 price objective for the company. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Truist Financial upped their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Keefe, Bruyette & Woods cut their price objective on 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. Finally, Jefferies Financial Group lowered 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 research report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and an average price target of $57.00.

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.