Ashford Capital Management Inc. Has $31.12 Million Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Ashford Capital Management Inc. reduced its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 615,821 shares of the company's stock after selling 18,015 shares during the period. Skyward Specialty Insurance Group makes up about 3.7% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 4th biggest position. Ashford Capital Management Inc. owned approximately 1.54% of Skyward Specialty Insurance Group worth $31,124,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on SKWD. Barclays lifted 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. Keefe, Bruyette & Woods lifted their target price on Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. JMP Securities increased 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. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Finally, Piper Sandler lifted their price objective on Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.13.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.24, for a total transaction of $242,759.68. Following the transaction, the insider now owns 17,655 shares of the company's stock, valued at $886,987.20. The trade was a 21.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Kirby Hill sold 8,249 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the sale, the chairman now owns 8,249 shares in the company, valued at approximately $502,116.63. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,381 shares of company stock valued at $1,122,592. Corporate insiders own 7.86% of the company's stock.

Skyward Specialty Insurance Group Stock Up 0.8%

Shares of NASDAQ:SKWD traded up $0.50 during mid-day trading on Friday, reaching $60.97. 264,888 shares of the stock were exchanged, compared to its average volume of 374,954. The stock's 50 day simple moving average is $55.19 and its 200-day simple moving average is $51.26. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $63.76. The company has a market cap of $2.46 billion, a P/E ratio of 18.59, a P/E/G ratio of 0.81 and a beta of 0.64.

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