Russell Investments Group Ltd. Sells 31,706 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Russell Investments Group Ltd. decreased its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 13.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 209,531 shares of the company's stock after selling 31,706 shares during the period. Russell Investments Group Ltd. owned 0.56% of Skyward Specialty Insurance Group worth $7,099,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SKWD. Vanguard Group Inc. increased its stake in shares of Skyward Specialty Insurance Group by 109.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,512,787 shares of the company's stock valued at $41,390,000 after acquiring an additional 790,826 shares during the last quarter. Ashford Capital Management Inc. purchased a new position in Skyward Specialty Insurance Group during the third quarter worth approximately $9,707,000. Jennison Associates LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 35.2% in the 3rd quarter. Jennison Associates LLC now owns 1,356,301 shares of the company's stock valued at $37,108,000 after purchasing an additional 352,971 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Skyward Specialty Insurance Group by 1,072.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 344,648 shares of the company's stock valued at $9,430,000 after buying an additional 315,252 shares during the period. Finally, Federated Hermes Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 312.5% during the 4th quarter. Federated Hermes Inc. now owns 412,382 shares of the company's stock worth $13,972,000 after buying an additional 312,413 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SKWD shares. JMP Securities boosted their price target on Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the company a "market outperform" rating in a research report on Thursday, May 2nd. Wolfe Research initiated coverage on shares of Skyward Specialty Insurance Group in a report on Thursday, January 11th. They issued an "outperform" rating and a $39.00 price target on the stock. Truist Financial boosted their price objective on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, February 26th. Finally, Piper Sandler lifted their target price 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. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $40.78.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 25,000 shares of the company's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.58, for a total value of $889,500.00. Following the sale, the chief financial officer now owns 236,688 shares in the company, valued at approximately $8,421,359.04. The sale 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 stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the sale, the chief financial officer now directly owns 261,688 shares of the company's stock, valued at $9,410,300.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark W. Haushill sold 25,000 shares of the business's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.58, for a total transaction of $889,500.00. Following the sale, the chief financial officer now directly owns 236,688 shares of the company's stock, valued at approximately $8,421,359.04. The disclosure for this sale can be found here. Insiders have sold 98,890 shares of company stock worth $3,533,839 in the last ninety days. 8.01% of the stock is owned by insiders.

Skyward Specialty Insurance Group Trading Down 1.2 %

SKWD stock traded down $0.45 during trading on Wednesday, reaching $37.16. The stock had a trading volume of 681,044 shares, compared to its average volume of 346,894. The company has a market capitalization of $1.49 billion, a P/E ratio of 13.71 and a beta of 0.68. Skyward Specialty Insurance Group, Inc. has a 1-year low of $21.76 and a 1-year high of $38.64. The firm has a fifty day moving average price of $36.32 and a 200 day moving average price of $33.50.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.09. Skyward Specialty Insurance Group had a return on equity of 16.81% and a net margin of 11.16%. The company had revenue of $264.97 million for the quarter, compared to the consensus estimate of $251.66 million. During the same period in the previous year, the business earned $0.42 EPS. Sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.7 EPS for the current year.

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.