188,700 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Acquired by Strs Ohio

Strs Ohio purchased a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 188,700 shares of the company's stock, valued at approximately $6,393,000. Strs Ohio owned 0.50% of Skyward Specialty Insurance Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Peregrine Capital Management LLC increased its stake in Skyward Specialty Insurance Group by 27.4% in the 4th quarter. Peregrine Capital Management LLC now owns 520,485 shares of the company's stock worth $17,634,000 after buying an additional 112,081 shares during the period. Moody Aldrich Partners LLC increased its position in shares of Skyward Specialty Insurance Group by 71.1% during the fourth quarter. Moody Aldrich Partners LLC now owns 212,553 shares of the company's stock worth $7,201,000 after acquiring an additional 88,333 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Skyward Specialty Insurance Group by 223.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 389,530 shares of the company's stock valued at $13,197,000 after acquiring an additional 269,080 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $161,000. Finally, Redwood Investments LLC bought a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $2,890,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their price target on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a "market perform" rating in a research report on Monday, February 26th. 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 report on Thursday, February 22nd. Wolfe Research started coverage on shares of Skyward Specialty Insurance Group in a research report on Thursday, January 11th. They issued an "outperform" rating and a $39.00 price target for the company. Piper Sandler lifted their price objective on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, April 1st. Finally, Keefe, Bruyette & Woods upped their target price on Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $39.89.

Skyward Specialty Insurance Group Trading Up 2.8 %

Shares of SKWD traded up $0.98 during midday trading on Friday, hitting $36.24. 254,780 shares of the company's stock traded hands, compared to its average volume of 310,166. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 16.08 and a beta of 0.45. Skyward Specialty Insurance Group, Inc. has a 1 year low of $20.81 and a 1 year high of $38.64. The firm's fifty day moving average is $35.75 and its 200-day moving average is $32.76.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 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 company had revenue of $321.60 million during the quarter, compared to analysts' expectations of $320.34 million. During the same period last year, the business posted $0.36 earnings per share. The firm's revenue was up 21.5% compared to the same quarter last year. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.64 EPS for the current year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 13,407 shares of the firm's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $35.63, for a total value of $477,691.41. Following the completion of the transaction, the chief executive officer now owns 61,126 shares of the company's stock, valued at $2,177,919.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Mark W. Haushill sold 35,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the sale, the chief financial officer now owns 261,688 shares of the company's stock, valued at $9,410,300.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Robinson sold 13,407 shares of the company's stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $35.63, for a total value of $477,691.41. Following the completion of the sale, the chief executive officer now owns 61,126 shares in the company, valued at approximately $2,177,919.38. The disclosure for this sale can be found here. Insiders sold 98,890 shares of company stock worth $3,533,839 in the last three months. Corporate insiders own 8.01% of the company's stock.

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.