Jackson Creek Investment Advisors LLC Sells 7,054 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Jackson Creek Investment Advisors LLC trimmed its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 19.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 29,488 shares of the company's stock after selling 7,054 shares during the period. Jackson Creek Investment Advisors LLC owned approximately 0.07% of Skyward Specialty Insurance Group worth $1,561,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SKWD. Summit Investment Advisors Inc. grew its position in 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 worth $196,000 after purchasing an additional 247 shares during the period. Arizona State Retirement System lifted its stake in Skyward Specialty Insurance Group by 4.6% in 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 in the last quarter. Moran Wealth Management LLC raised its position in shares of 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 valued at $531,000 after buying an additional 585 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $1,068,000 after purchasing an additional 748 shares during the last quarter. Finally, Sterling Capital Management LLC grew its holdings 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 valued at $46,000 after purchasing an additional 809 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SKWD. Barclays increased their price objective on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods lifted their price objective 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. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup reissued an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Finally, JMP Securities lifted 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. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $61.75.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 52,748 shares of the firm's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $58.76, for a total transaction of $3,099,472.48. Following the transaction, the chief financial officer owned 133,629 shares in the company, valued at approximately $7,852,040.04. This trade represents a 28.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Kirby Hill sold 8,249 shares of the firm's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total value of $502,116.63. Following the sale, the chairman directly owned 8,249 shares in the company, valued at approximately $502,116.63. This represents a 50.00% 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 Stock Up 0.0%

Skyward Specialty Insurance Group stock traded up $0.01 during midday trading on Friday, hitting $54.12. The company's stock had a trading volume of 335,612 shares, compared to its average volume of 370,733. The stock's 50-day moving average price is $58.76 and its 200-day moving average price is $53.08. The company has a market capitalization of $2.19 billion, a PE ratio of 18.04 and a beta of 0.65. Skyward Specialty Insurance Group, Inc. has a 12 month low of $34.10 and a 12 month high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced 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 business 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 quarter in the previous year, the business posted $0.75 EPS. As a group, equities 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.