State of Wyoming Sells 5,107 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

State of Wyoming decreased its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 76.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,598 shares of the company's stock after selling 5,107 shares during the quarter. State of Wyoming's holdings in Skyward Specialty Insurance Group were worth $81,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SKWD. ProShare Advisors LLC boosted its position in shares of Skyward Specialty Insurance Group by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 10,461 shares of the company's stock worth $529,000 after buying an additional 3,442 shares during the period. Quantedge Capital Pte Ltd acquired a new position in Skyward Specialty Insurance Group during the 4th quarter worth $445,000. Man Group plc acquired a new position in Skyward Specialty Insurance Group during the 4th quarter worth $507,000. Numerai GP LLC bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth $266,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Skyward Specialty Insurance Group by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company's stock valued at $1,068,000 after purchasing an additional 748 shares during the period. Institutional investors own 94.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial upped 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 report on Monday, May 5th. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. JMP Securities increased their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their price target on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $61.75.

Insider Activity

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the sale, the insider now owns 17,655 shares of the company's stock, valued at $886,987.20. This trade represents a 21.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the completion of the transaction, the insider now directly owns 3,946 shares in the company, valued at $204,876.32. This trade represents a 61.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,381 shares of company stock valued at $1,122,592 over the last three months. Insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Up 0.7%

NASDAQ:SKWD traded up $0.42 during trading hours on Friday, reaching $62.37. 458,438 shares of the company's stock were exchanged, compared to its average volume of 373,606. The company has a market capitalization of $2.52 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a 12 month low of $33.42 and a 12 month high of $63.76. The business's 50-day simple moving average is $56.25 and its two-hundred day simple moving average is $51.68.

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, beating analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal 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.