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

Peregrine Capital Management LLC lifted its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 520,485 shares of the company's stock after acquiring an additional 112,081 shares during the period. Peregrine Capital Management LLC owned approximately 1.38% of Skyward Specialty Insurance Group worth $17,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Royce & Associates LP acquired a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter valued at about $7,538,000. Barclays PLC bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter worth approximately $187,000. California State Teachers Retirement System bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter worth approximately $84,000. Bank of New York Mellon Corp bought a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at $654,000. Finally, Rhumbline Advisers bought a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at $220,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Up 0.3 %

NASDAQ:SKWD traded up $0.11 during midday trading on Tuesday, hitting $37.58. The company had a trading volume of 288,576 shares, compared to its average volume of 319,994. Skyward Specialty Insurance Group, Inc. has a 52-week low of $19.74 and a 52-week high of $38.64. The stock's fifty day moving average price is $34.98 and its 200-day moving average price is $32.44. The company has a market capitalization of $1.50 billion, a PE ratio of 16.78 and a beta of 0.45.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.05. Skyward Specialty Insurance Group had a return on equity of 14.31% and a net margin of 9.56%. The firm had revenue of $321.60 million for the quarter, compared to analysts' expectations of $320.34 million. During the same period last year, the firm earned $0.36 earnings per share. The company's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson sold 13,407 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $35.63, for a total transaction of $477,691.41. Following the completion of the sale, the chief executive officer now directly owns 61,126 shares in the company, valued at $2,177,919.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 35,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.96, for a total value of $1,258,600.00. Following the completion of the sale, the chief financial officer now directly owns 261,688 shares in the company, valued at $9,410,300.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew S. Robinson sold 13,407 shares of the firm's stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $35.63, for a total transaction of $477,691.41. Following the completion of the sale, the chief executive officer now owns 61,126 shares of the company's stock, valued at $2,177,919.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,890 shares of company stock worth $3,533,839. Company insiders own 9.46% of the company's stock.

Analyst Upgrades and Downgrades

SKWD has been the topic of a number of analyst reports. Wolfe Research initiated coverage on shares of Skyward Specialty Insurance Group in a report on Thursday, January 11th. They set an "outperform" rating and a $39.00 target price on the stock. Jefferies Financial Group started coverage on shares of Skyward Specialty Insurance Group in a research report on Tuesday, December 12th. They set a "buy" rating and a $40.00 price target for the company. Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Raymond James boosted their price target on shares of Skyward Specialty Insurance Group from $36.00 to $40.00 and gave the company a "strong-buy" rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $43.00 price target on shares of Skyward Specialty Insurance Group in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $39.56.

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.