Moody Aldrich Partners LLC Grows Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Moody Aldrich Partners LLC increased its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 21.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 182,584 shares of the company's stock after purchasing an additional 32,077 shares during the quarter. Skyward Specialty Insurance Group accounts for approximately 2.0% of Moody Aldrich Partners LLC's holdings, making the stock its 5th biggest position. Moody Aldrich Partners LLC owned approximately 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 recently modified their holdings of the company. Summit Investment Advisors Inc. increased its position in shares of 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 buying an additional 247 shares in the last quarter. Moran Wealth Management LLC boosted its stake in Skyward Specialty Insurance Group by 6.2% in the 1st quarter. Moran Wealth Management LLC now owns 10,032 shares of the company's stock worth $531,000 after buying an additional 585 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Skyward Specialty Insurance Group by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company's stock worth $1,068,000 after buying an additional 748 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Skyward Specialty Insurance Group by 756.1% in the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after buying an additional 809 shares during the last quarter. Finally, Riverwater Partners LLC lifted its stake in shares of Skyward Specialty Insurance Group by 2.5% in the 4th quarter. Riverwater Partners LLC now owns 35,013 shares of the company's stock valued at $1,770,000 after purchasing an additional 862 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Down 0.8%

SKWD stock traded down $0.44 during midday trading on Monday, reaching $55.58. 14,467 shares of the company's stock traded hands, compared to its average volume of 368,737. The company has a 50-day simple moving average of $59.33 and a two-hundred day simple moving average of $52.87. Skyward Specialty Insurance Group, Inc. has a 1-year low of $34.10 and a 1-year high of $65.05. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 18.77 and a beta of 0.65.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.12. The firm had revenue of $328.53 million during the quarter, compared to analysts' expectations 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 last year, the firm posted $0.75 EPS. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, Chairman Kirby Hill sold 8,249 shares of Skyward Specialty Insurance Group 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 completion of the sale, the chairman directly owned 8,249 shares of the company's stock, valued at $502,116.63. The trade was 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 available at this link. Also, CFO Mark W. Haushill sold 52,748 shares of Skyward Specialty Insurance Group 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 directly owned 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. 7.86% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on SKWD shares. Piper Sandler boosted their price target 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. Truist Financial boosted their price target on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a report on Monday, May 5th. Citigroup reiterated an "outperform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, May 2nd. Barclays upped their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods boosted 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. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $61.75.

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.