Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 14.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,425 shares of the company's stock after selling 25,184 shares during the period. Mutual of America Capital Management LLC owned approximately 0.37% of Skyward Specialty Insurance Group worth $7,960,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Summit Investment Advisors Inc. grew its position in shares of Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after buying an additional 247 shares during the last quarter. Arizona State Retirement System grew its position in Skyward Specialty Insurance Group by 4.6% during the 1st quarter. Arizona State Retirement System now owns 10,329 shares of the company's stock worth $547,000 after purchasing an additional 451 shares during the last quarter. Moran Wealth Management LLC grew its position in Skyward Specialty Insurance Group by 6.2% during the 1st quarter. Moran Wealth Management LLC now owns 10,032 shares of the company's stock worth $531,000 after purchasing an additional 585 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Skyward Specialty Insurance Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company's stock worth $1,068,000 after purchasing an additional 748 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after purchasing an additional 809 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Down 1.0%

Shares of NASDAQ SKWD traded down $0.47 during midday trading on Friday, hitting $48.72. The company had a trading volume of 352,469 shares, compared to its average volume of 475,523. Skyward Specialty Insurance Group, Inc. has a twelve month low of $34.10 and a twelve month high of $65.05. The business has a 50-day simple moving average of $55.42 and a two-hundred day simple moving average of $53.59. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 15.32 and a beta of 0.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. The firm had revenue of $319.90 million during the quarter, compared to analysts' expectations of $324.64 million. Skyward Specialty Insurance Group had a net margin of 10.53% and a return on equity of 16.84%. During the same quarter last year, the business earned $0.80 earnings per share. On average, equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SKWD shares. Truist Financial raised their price objective on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Jefferies Financial Group downgraded shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $62.00 to $59.00 in a research report on Friday, April 11th. Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, May 2nd. Piper Sandler lowered their price objective on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an "overweight" rating on the stock in a research report on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.88.

Insider Transactions at Skyward Specialty Insurance Group

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

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.