Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Position Raised by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 21.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 182,584 shares of the company's stock after buying an additional 32,077 shares during the quarter. Skyward Specialty Insurance Group accounts for about 2.0% of Moody Aldrich Partners LLC's portfolio, making the stock its 5th biggest holding. Moody Aldrich Partners LLC owned about 0.45% of Skyward Specialty Insurance Group worth $9,662,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sterling Capital Management LLC grew its stake in Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. KBC Group NV bought a new position in Skyward Specialty Insurance Group in the first quarter valued at approximately $81,000. ORG Wealth Partners LLC grew its stake in 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 valued at $123,000 after purchasing an additional 1,057 shares in the last quarter. New York State Teachers Retirement System bought a new position in Skyward Specialty Insurance Group in the first quarter valued at approximately $179,000. Finally, Summit Investment Advisors Inc. grew its stake in Skyward Specialty Insurance Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after purchasing an additional 247 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SKWD. Keefe, Bruyette & Woods raised their price target on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. JMP Securities lifted their price objective on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $62.00 to $59.00 in a report on Friday, April 11th. Truist Financial lifted their price target on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Piper Sandler boosted their price objective on Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group 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 owned 8,249 shares in the company, valued at $502,116.63. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark W. Haushill sold 52,748 shares of the stock in a transaction on Friday, June 13th. The stock was sold at an average price of $58.76, for a total value of $3,099,472.48. Following the sale, the chief financial officer owned 133,629 shares in the company, valued at approximately $7,852,040.04. This represents a 28.30% decrease in their position. The disclosure for this sale can be found here. 7.86% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Trading Down 1.9%

SKWD stock traded down $1.08 during trading on Monday, reaching $54.93. 261,595 shares of the stock were exchanged, compared to its average volume of 369,708. The firm's 50 day moving average is $59.33 and its 200 day moving average is $52.87. Skyward Specialty Insurance Group, Inc. has a twelve month low of $34.10 and a twelve month high of $65.05. The firm has a market cap of $2.22 billion, a P/E ratio of 18.31 and a beta of 0.65.

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