Emerald Mutual Fund Advisers Trust Sells 6,871 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Emerald Mutual Fund Advisers Trust reduced its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 542,531 shares of the company's stock after selling 6,871 shares during the quarter. Skyward Specialty Insurance Group comprises about 2.0% of Emerald Mutual Fund Advisers Trust's holdings, making the stock its 5th biggest holding. Emerald Mutual Fund Advisers Trust owned 1.35% of Skyward Specialty Insurance Group worth $28,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sterling Capital Management LLC increased 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 acquiring an additional 809 shares in the last quarter. KBC Group NV acquired a new stake in Skyward Specialty Insurance Group in the first quarter worth about $81,000. ORG Wealth Partners LLC lifted its holdings 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 acquiring an additional 1,057 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth approximately $179,000. Finally, Summit Investment Advisors Inc. boosted its stake in Skyward Specialty Insurance Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock worth $196,000 after buying an additional 247 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SKWD. Jefferies Financial Group lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $62.00 to $59.00 in a research note on Friday, April 11th. Barclays raised their price target on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a report on Friday, April 11th. JMP Securities raised their price objective on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research note on Friday, May 2nd. Citigroup reaffirmed an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. 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 note on Monday, May 5th. Three equities research 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.75.

Skyward Specialty Insurance Group Trading Down 0.7%

SKWD traded down $0.36 during trading hours on Tuesday, hitting $53.64. The company's stock had a trading volume of 459,781 shares, compared to its average volume of 372,928. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $34.10 and a fifty-two week high of $65.05. The firm has a market capitalization of $2.17 billion, a PE ratio of 17.88 and a beta of 0.65. The company has a 50-day simple moving average of $59.18 and a 200 day simple moving average of $53.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The business had revenue of $328.53 million for 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 in the previous year, the firm posted $0.75 EPS. Research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Chairman Kirby Hill sold 8,249 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 directly owned 8,249 shares of the company's stock, valued at approximately $502,116.63. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mark W. Haushill sold 52,748 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 sale, the chief financial officer directly owned 133,629 shares in the company, valued at $7,852,040.04. The trade was 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.

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.