10,038 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Purchased by Man Group plc

Man Group plc acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,038 shares of the company's stock, valued at approximately $507,000.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 16,572 shares during the period. American Century Companies Inc. increased its position 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 purchasing an additional 553,389 shares in the last quarter. Invesco Ltd. increased its position in Skyward Specialty Insurance Group by 9.1% during the 4th quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock worth $61,524,000 after purchasing an additional 102,042 shares in the last quarter. Franklin Resources Inc. increased its position in Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock worth $58,860,000 after purchasing an additional 47,363 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Skyward Specialty Insurance Group by 37.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company's stock worth $52,995,000 after purchasing an additional 283,749 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on SKWD shares. Keefe, Bruyette & Woods increased 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 research report on Thursday. Citigroup reaffirmed an "outperform" rating on shares of Skyward Specialty Insurance Group in a research 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. Truist Financial increased 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 research report on Monday, May 5th. Finally, Barclays increased their price objective on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. 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 company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

Insider Buying and Selling

In other news, insider Thomas N. Schmitt sold 6,300 shares of the firm's stock in a transaction 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 directly owns 3,946 shares of the company's stock, valued at approximately $204,876.32. This trade represents a 61.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kirby Hill sold 8,249 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.87, for a total value of $502,116.63. Following the transaction, the chairman now directly owns 8,249 shares in the company, valued at $502,116.63. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,381 shares of company stock worth $1,122,592 over the last ninety days. 8.01% of the stock is owned by insiders.

Skyward Specialty Insurance Group Stock Up 1.4%

Shares of Skyward Specialty Insurance Group stock traded up $0.86 on Friday, hitting $62.81. 164,856 shares of the company's stock traded hands, compared to its average volume of 418,069. The stock has a market cap of $2.54 billion, a P/E ratio of 19.15, a PEG ratio of 0.81 and a beta of 0.64. The firm's 50-day moving average is $56.07 and its 200 day moving average is $51.60. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.42 and a 52-week high of $63.76.

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

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.