First Trust Advisors LP Purchases 14,543 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

First Trust Advisors LP lifted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 13.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 122,138 shares of the company's stock after purchasing an additional 14,543 shares during the quarter. First Trust Advisors LP owned 0.30% of Skyward Specialty Insurance Group worth $6,173,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock valued at $114,990,000 after acquiring an additional 16,572 shares during the period. American Century Companies Inc. lifted its position 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 purchasing an additional 553,389 shares during the period. Invesco Ltd. grew its stake in Skyward Specialty Insurance Group by 9.1% during the fourth quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock worth $61,524,000 after buying an additional 102,042 shares in the last quarter. Franklin Resources Inc. increased its holdings in Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock valued at $58,860,000 after buying an additional 47,363 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Skyward Specialty Insurance Group by 1.9% in the 4th quarter. Federated Hermes Inc. now owns 486,048 shares of the company's stock valued at $24,565,000 after buying an additional 9,192 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Trading Up 2.2 %

NASDAQ:SKWD traded up $1.27 during trading hours on Monday, hitting $59.90. 324,569 shares of the company were exchanged, compared to its average volume of 383,041. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $62.14. The company has a fifty day simple moving average of $51.97 and a 200 day simple moving average of $49.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $0.75 earnings per share. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Activity

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction dated 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 sale, the insider now directly owns 3,946 shares in the company, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gena L. Ashe sold 1,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the transaction, the director now directly owns 734 shares in the company, valued at $37,155.08. This represents a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SKWD. Keefe, Bruyette & Woods lowered their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. 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 research note on Friday. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Finally, Jefferies Financial Group lowered Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $62.00 to $59.00 in a research report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.88.

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.