Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust trimmed its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 542,531 shares of the company's stock after selling 6,871 shares during the period. Skyward Specialty Insurance Group makes up approximately 2.0% of Emerald Mutual Fund Advisers Trust's investment portfolio, making the stock its 5th largest holding. Emerald Mutual Fund Advisers Trust owned 1.35% of Skyward Specialty Insurance Group worth $28,711,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sterling Capital Management LLC increased its holdings in shares of Skyward Specialty Insurance Group by 756.1% during 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 during the period. KBC Group NV acquired a new position in Skyward Specialty Insurance Group during the first quarter worth about $81,000. ORG Wealth Partners LLC grew its holdings in Skyward Specialty Insurance Group by 86.9% during the first quarter. ORG Wealth Partners LLC now owns 2,273 shares of the company's stock worth $123,000 after acquiring an additional 1,057 shares during the period. New York State Teachers Retirement System acquired a new position in Skyward Specialty Insurance Group during the first quarter worth about $179,000. Finally, Summit Investment Advisors Inc. grew its holdings 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 acquiring an additional 247 shares during the period. 94.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Jefferies Financial Group lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Barclays lifted their target price on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a research note on Friday, May 2nd. Piper Sandler lifted their price target 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. Finally, Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Skyward Specialty Insurance Group has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Skyward Specialty Insurance Group Trading Down 2.4%

NASDAQ SKWD traded down $1.27 during trading on Friday, reaching $52.13. 383,563 shares of the company's stock were exchanged, compared to its average volume of 372,724. 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 $2.11 billion, a PE ratio of 17.38 and a beta of 0.65. The company's fifty day simple moving average is $59.29 and its 200-day simple moving average is $52.97.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced 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. Skyward Specialty Insurance Group had a return on equity of 16.80% and a net margin of 10.23%. The firm had revenue of $328.53 million during the quarter, compared to analyst estimates of $310.94 million. During the same period last year, the company posted $0.75 EPS. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Chairman Kirby Hill sold 8,249 shares of Skyward Specialty Insurance Group stock in a transaction dated 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 in the company, valued at $502,116.63. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing 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 dated 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 owned 133,629 shares of the company's stock, valued at approximately $7,852,040.04. This represents a 28.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.01% of the company's stock.

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.