Nuveen Asset Management LLC Decreases Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Nuveen Asset Management LLC trimmed its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,454 shares of the company's stock after selling 35,131 shares during the period. Nuveen Asset Management LLC owned 0.51% of Skyward Specialty Insurance Group worth $10,333,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC boosted its holdings 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. Summit Investment Advisors Inc. boosted its stake 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 worth $196,000 after acquiring an additional 247 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth approximately $219,000. Pinnacle Financial Partners Inc acquired a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $220,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $230,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Insider Transactions at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now owns 3,946 shares in the company, valued at $204,876.32. This represents a 61.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the completion of the transaction, the director now owns 734 shares in the company, valued at approximately $37,155.08. This trade represents a 57.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,381 shares of company stock worth $1,122,592. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock traded up $0.42 during trading hours on Friday, hitting $62.37. The stock had a trading volume of 458,438 shares, compared to its average volume of 373,513. The firm has a market capitalization of $2.52 billion, a PE ratio of 19.02, a PEG ratio of 0.81 and a beta of 0.64. The stock's 50 day moving average is $56.07 and its 200 day moving average is $51.60. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.42 and a twelve month high of $63.76.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $328.53 million during the quarter, compared to analysts' expectations of $310.94 million. During the same quarter in the prior year, the business earned $0.75 EPS. As a group, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKWD has been the subject of several recent research reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Jefferies Financial Group lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Piper Sandler boosted their price target on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. JMP Securities raised their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods lifted 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 note on Thursday. Four investment 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. According to MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and a consensus price target of $61.75.

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.