Lazard Asset Management LLC Sells 13,332 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Lazard Asset Management LLC trimmed its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 89.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,622 shares of the company's stock after selling 13,332 shares during the period. Lazard Asset Management LLC's holdings in Skyward Specialty Insurance Group were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SKWD. Barclays PLC boosted its holdings in Skyward Specialty Insurance Group by 277.7% in the 3rd quarter. Barclays PLC now owns 64,032 shares of the company's stock worth $2,608,000 after buying an additional 47,081 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth $880,000. Northern Trust Corp boosted its holdings in shares of Skyward Specialty Insurance Group by 18.3% in the fourth quarter. Northern Trust Corp now owns 390,706 shares of the company's stock worth $19,746,000 after acquiring an additional 60,412 shares during the period. Navellier & Associates Inc. grew its position in shares of Skyward Specialty Insurance Group by 40.6% in the fourth quarter. Navellier & Associates Inc. now owns 36,282 shares of the company's stock valued at $1,834,000 after purchasing an additional 10,478 shares in the last quarter. Finally, Moran Wealth Management LLC purchased a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at $477,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the sale, the director now owns 734 shares in the company, valued at $37,155.08. This represents a 57.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the transaction, the insider now directly owns 17,655 shares of the company's stock, valued at approximately $886,987.20. This trade represents a 21.49% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,381 shares of company stock valued at $1,122,592. Corporate insiders own 8.01% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on SKWD. Truist Financial lifted their target price 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. Keefe, Bruyette & Woods increased 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. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $62.00 to $59.00 in a research report on Friday, April 11th. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Finally, Citigroup restated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of "Moderate Buy" and an average price target of $61.75.

Skyward Specialty Insurance Group Trading Up 0.7%

SKWD stock traded up $0.46 during midday trading on Friday, hitting $62.41. The company had a trading volume of 40,448 shares, compared to its average volume of 371,853. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.42 and a 52 week high of $63.76. The stock's 50 day moving average price is $56.07 and its 200 day moving average price is $51.60.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its 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. 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 for the quarter, compared to analyst estimates of $310.94 million. During the same quarter in the previous year, the firm posted $0.75 EPS. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

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.