Seven Grand Managers LLC Makes New $1.69 Million Investment in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Seven Grand Managers LLC acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 50,000 shares of the company's stock, valued at approximately $1,694,000. Skyward Specialty Insurance Group makes up 1.6% of Seven Grand Managers LLC's holdings, making the stock its 19th largest position. Seven Grand Managers LLC owned about 0.13% of Skyward Specialty Insurance Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Skyward Specialty Insurance Group by 109.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,512,787 shares of the company's stock valued at $41,390,000 after purchasing an additional 790,826 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Skyward Specialty Insurance Group by 35.2% in the third quarter. Jennison Associates LLC now owns 1,356,301 shares of the company's stock valued at $37,108,000 after buying an additional 352,971 shares during the last quarter. American Century Companies Inc. lifted its position in Skyward Specialty Insurance Group by 10.3% during the 3rd quarter. American Century Companies Inc. now owns 587,687 shares of the company's stock worth $16,079,000 after buying an additional 54,945 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $18,982,000. Finally, Peregrine Capital Management LLC increased its position 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 valued at $17,634,000 after acquiring an additional 112,081 shares in the last quarter. Institutional investors own 94.83% of the company's stock.

Insider Activity at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 35,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.96, for a total value of $1,258,600.00. Following 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 filing with the SEC, which is accessible through the SEC website. In other news, CFO Mark W. Haushill sold 35,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 261,688 shares in the company, valued at $9,410,300.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Robinson sold 12,109 shares of the business's stock in a transaction on Friday, March 8th. The stock was sold at an average price of $35.56, for a total transaction of $430,596.04. Following the completion of the sale, the chief executive officer now directly owns 74,533 shares in the company, valued at approximately $2,650,393.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,890 shares of company stock valued at $3,533,839. 8.01% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. JMP Securities upped their target price on shares of Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a "market outperform" rating in a research report on Thursday, May 2nd. Truist Financial boosted their target price on Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 3rd. Piper Sandler raised their price target on Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, April 1st. BMO Capital Markets boosted their price objective on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, February 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $42.50.

Skyward Specialty Insurance Group Stock Up 1.2 %

Skyward Specialty Insurance Group stock traded up $0.43 during mid-day trading on Friday, hitting $37.36. 444,868 shares of the company's stock were exchanged, compared to its average volume of 453,595. The company's 50 day simple moving average is $36.36 and its 200-day simple moving average is $33.69. The firm has a market capitalization of $1.49 billion, a P/E ratio of 13.74 and a beta of 0.68. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $21.93 and a fifty-two week high of $38.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.09. The business had revenue of $264.97 million during the quarter, compared to analysts' expectations of $251.66 million. Skyward Specialty Insurance Group had a return on equity of 15.98% and a net margin of 11.16%. During the same period in the prior year, the business earned $0.42 EPS. Research analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.74 EPS for the current year.

Skyward Specialty Insurance Group 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.