Emerald Advisers LLC Has $43.12 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Emerald Advisers LLC lessened its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 814,884 shares of the company's stock after selling 8,520 shares during the period. Skyward Specialty Insurance Group accounts for approximately 1.9% of Emerald Advisers LLC's portfolio, making the stock its 6th biggest position. Emerald Advisers LLC owned about 2.02% of Skyward Specialty Insurance Group worth $43,124,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Reinhart Partners LLC. purchased a new stake in Skyward Specialty Insurance Group during the first quarter worth approximately $49,979,000. Capital World Investors purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth approximately $41,182,000. American Century Companies Inc. grew its holdings in Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock worth $79,744,000 after acquiring an additional 553,389 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Skyward Specialty Insurance Group by 37.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company's stock worth $52,995,000 after acquiring an additional 283,749 shares during the period. Finally, Freestone Grove Partners LP acquired a new position in Skyward Specialty Insurance Group during the fourth quarter worth $8,052,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on SKWD shares. Piper Sandler increased their price objective on Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Jefferies Financial Group lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $62.00 to $59.00 in a research note on Friday, April 11th. Citigroup reiterated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. 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. Finally, 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 research report on Friday, April 11th. Three equities research 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 stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $61.75.

Insiders Place Their Bets

In other news, Chairman Kirby Hill sold 8,249 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the transaction, the chairman owned 8,249 shares of the company's stock, valued at $502,116.63. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Haushill sold 52,748 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 133,629 shares in the company, valued at approximately $7,852,040.04. This trade represents a 28.30% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Trading Up 3.0%

NASDAQ SKWD traded up $1.57 during trading hours on Monday, reaching $53.70. 66,725 shares of the company's stock were exchanged, compared to its average volume of 371,554. The stock has a market cap of $2.17 billion, a PE ratio of 17.88 and a beta of 0.65. The firm has a fifty day moving average of $59.29 and a 200-day moving average of $52.98. Skyward Specialty Insurance Group, Inc. has a one year low of $34.10 and a one year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the business posted $0.75 EPS. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

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.