Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC grew its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 53.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,773 shares of the company's stock after buying an additional 69,299 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.50% of Skyward Specialty Insurance Group worth $10,572,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Reinhart Partners LLC. bought a new stake in Skyward Specialty Insurance Group in the 1st quarter valued at $49,979,000. Capital World Investors bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $41,182,000. American Century Companies Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 54.0% in the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock valued at $79,744,000 after purchasing an additional 553,389 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $52,995,000 after acquiring an additional 283,749 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in Skyward Specialty Insurance Group in the fourth quarter worth $8,052,000. Institutional investors own 94.83% of the company's stock.

Insider Activity

In other Skyward Specialty Insurance Group news, Chairman Kirby Hill sold 8,249 shares of the firm'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 value of $502,116.63. Following the completion of the transaction, the chairman owned 8,249 shares of the company's stock, valued at $502,116.63. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Mark W. Haushill sold 52,748 shares of the firm'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 transaction of $3,099,472.48. Following the completion of the transaction, the chief financial officer directly owned 133,629 shares of the company's stock, valued at $7,852,040.04. This represents a 28.30% decrease in their position. The disclosure for this sale can be found here. 8.01% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on SKWD. 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. Barclays boosted their price target 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. Keefe, Bruyette & Woods increased their target price on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, May 29th. Jefferies Financial Group cut Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Finally, Truist Financial increased their price target on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $61.75.

Skyward Specialty Insurance Group Price Performance

NASDAQ SKWD traded up $0.15 on Thursday, hitting $54.11. The stock had a trading volume of 289,088 shares, compared to its average volume of 370,573. The stock has a market cap of $2.19 billion, a price-to-earnings ratio of 16.81 and a beta of 0.65. Skyward Specialty Insurance Group, Inc. has a 52-week low of $34.10 and a 52-week high of $65.05. The business's fifty day moving average price is $58.99 and its 200 day moving average price is $53.01.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $328.53 million for the quarter, compared to analyst estimates of $310.94 million. Skyward Specialty Insurance Group had a net margin of 10.23% and a return on equity of 16.80%. During the same period in the prior year, the company earned $0.75 earnings per share. As a group, sell-side analysts anticipate 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.