GAMMA Investing LLC Purchases 17,402 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

GAMMA Investing LLC grew its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 6,374.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,675 shares of the company's stock after buying an additional 17,402 shares during the period. GAMMA Investing LLC's holdings in Skyward Specialty Insurance Group were worth $935,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SKWD. Sterling Capital Management LLC boosted its position in Skyward Specialty Insurance Group by 756.1% during the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares during the period. Summit Investment Advisors Inc. raised its holdings in Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after acquiring an additional 247 shares during the period. Hsbc Holdings PLC bought a new position in Skyward Specialty Insurance Group in the 4th quarter worth $219,000. Pinnacle Financial Partners Inc acquired a new position in Skyward Specialty Insurance Group during the 4th quarter worth $220,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Skyward Specialty Insurance Group during the fourth quarter valued at about $230,000. Institutional investors own 94.83% of the company's stock.

Insiders Place Their Bets

In other news, Chairman Kirby Hill sold 8,249 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Haushill sold 52,748 shares of the firm's stock in a transaction on 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 now owns 133,629 shares of the company's stock, valued at approximately $7,852,040.04. This trade represents a 28.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.01% of the company's stock.

Analysts Set New Price Targets

SKWD has been the topic of a number of recent analyst reports. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Barclays upped their price target 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. Truist Financial raised their price objective on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Jefferies Financial Group cut shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and cut their target price for the company from $62.00 to $59.00 in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have assigned 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 has an average rating of "Moderate Buy" and a consensus target price of $61.75.

Skyward Specialty Insurance Group Stock Up 0.2%

NASDAQ:SKWD traded up $0.14 during trading hours on Friday, reaching $57.32. The company had a trading volume of 189,011 shares, compared to its average volume of 367,897. The stock has a 50-day moving average of $58.65 and a two-hundred day moving average of $52.50. Skyward Specialty Insurance Group, Inc. has a one year low of $34.10 and a one year high of $65.05. The firm has a market capitalization of $2.32 billion, a PE ratio of 19.11 and a beta of 0.79.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. Skyward Specialty Insurance Group had a net margin of 10.23% and a return on equity of 16.80%. The business had revenue of $328.53 million for the quarter, compared to analyst estimates of $310.94 million. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

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.