Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Acquired by FJ Capital Management LLC

FJ Capital Management LLC raised its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,182 shares of the company's stock after acquiring an additional 4,380 shares during the quarter. FJ Capital Management LLC owned about 0.08% of Skyward Specialty Insurance Group worth $1,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SKWD. Sterling Capital Management LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 756.1% in the fourth quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at about $61,000. Summit Investment Advisors Inc. raised its holdings in Skyward Specialty Insurance Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after acquiring an additional 247 shares during the period. Hsbc Holdings PLC bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $219,000. Finally, Pinnacle Financial Partners Inc bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter valued at about $220,000. 94.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 transaction, the insider now owns 3,946 shares of the company's stock, valued at $204,876.32. The trade was a 61.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total transaction of $50,620.00. Following the sale, the director now owns 734 shares in the company, valued at approximately $37,155.08. This trade represents a 57.67% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,132 shares of company stock valued at $620,476 over the last 90 days. 8.01% of the stock is owned by insiders.

Skyward Specialty Insurance Group Price Performance

NASDAQ:SKWD traded up $1.42 during trading hours on Wednesday, hitting $61.17. 230,326 shares of the company were exchanged, compared to its average volume of 372,925. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.42 and a 52-week high of $62.52. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.81 and a beta of 0.64. The company's 50 day moving average price is $53.01 and its 200-day moving average price is $50.29.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.12. The company had revenue of $328.53 million for the quarter, compared to analysts' expectations of $310.94 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same quarter in the previous year, the company posted $0.75 EPS. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on SKWD shares. Barclays upped their price objective on shares of 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 raised their price target on shares of Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Citigroup reiterated an "outperform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, May 2nd. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research report on Friday, May 2nd. Finally, Truist Financial boosted their price target on 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. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $61.13.

Skyward Specialty Insurance Group Company 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.