Fox Run Management L.L.C. Invests $716,000 in Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• Fox Run Management L.L.C. acquired 13,532 shares of Skyward Specialty Insurance Group for approximately $716,000 during the first quarter.
• Large investors have notably increased their stakes in the company, with 94.83% of the stock now owned by institutional investors.
• Analysts have mixed views on Skyward's stock, with target prices ranging from $59.00 to $72.00, resulting in a current average rating of "Moderate Buy."

Fox Run Management L.L.C. acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,532 shares of the company's stock, valued at approximately $716,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in shares of Skyward Specialty Insurance Group by 756.1% during the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after buying an additional 809 shares during the last quarter. LRI Investments LLC purchased a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at $67,000. KBC Group NV bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter worth $81,000. ORG Wealth Partners LLC raised its stake in shares of Skyward Specialty Insurance Group by 86.9% in the first quarter. ORG Wealth Partners LLC now owns 2,273 shares of the company's stock worth $123,000 after purchasing an additional 1,057 shares during the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Skyward Specialty Insurance Group during the first quarter valued at $179,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock traded up $0.7480 during trading hours on Friday, hitting $50.1880. The stock had a trading volume of 66,555 shares, compared to its average volume of 420,056. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 15.78 and a beta of 0.62. Skyward Specialty Insurance Group, Inc. has a one year low of $37.79 and a one year high of $65.05. The stock's 50-day moving average price is $53.09 and its two-hundred day moving average price is $53.92.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.40% and a net margin of 10.53%.The firm had revenue of $319.90 million during the quarter, compared to the consensus estimate of $324.64 million. During the same period in the prior year, the company earned $0.80 EPS. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKWD has been the subject of a number of recent analyst reports. Piper Sandler decreased their target price on Skyward Specialty Insurance Group from $69.00 to $59.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. Truist Financial boosted their price objective on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, May 29th. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $60.88.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 52,748 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $58.76, for a total value of $3,099,472.48. Following the completion of the sale, the chief financial officer owned 133,629 shares in the company, valued at approximately $7,852,040.04. This trade represents a 28.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.01% of the company's stock.

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.