Strs Ohio Acquires Shares of 188,700 Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Strs Ohio acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 188,700 shares of the company’s stock, valued at approximately $6,393,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 109.5% in the third quarter. Vanguard Group Inc. now owns 1,512,787 shares of the company’s stock worth $41,390,000 after buying an additional 790,826 shares during the period. Redwood Investments LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth approximately $2,890,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Skyward Specialty Insurance Group in the third quarter worth approximately $396,000. ClariVest Asset Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the third quarter worth approximately $1,106,000. Finally, Barclays PLC raised its holdings in shares of Skyward Specialty Insurance Group by 263.2% in the third quarter. Barclays PLC now owns 16,494 shares of the company’s stock worth $451,000 after buying an additional 11,953 shares during the period. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Trading Up 1.7 %

Shares of NASDAQ SKWD opened at $35.26 on Friday. The stock has a market capitalization of $1.41 billion, a PE ratio of 15.74 and a beta of 0.45. The stock’s fifty day simple moving average is $35.75 and its two-hundred day simple moving average is $32.76. Skyward Specialty Insurance Group, Inc. has a 12-month low of $20.81 and a 12-month high of $38.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. The firm had revenue of $321.60 million during the quarter, compared to analysts’ expectations of $320.34 million. Skyward Specialty Insurance Group had a return on equity of 14.31% and a net margin of 9.56%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.36 EPS. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKWD has been the topic of several research reports. Wolfe Research initiated coverage on Skyward Specialty Insurance Group in a report on Thursday, January 11th. They set an “outperform” rating and a $39.00 price objective on the stock. JMP Securities raised their price objective on Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the stock a “market outperform” rating in a report on Monday. Truist Financial raised their price objective on Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets raised 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 price objective 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 analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Buy” and an average target price of $39.89.

Insider Transactions at Skyward Specialty Insurance Group

In other news, CFO Mark W. Haushill sold 35,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 261,688 shares of the company’s stock, valued at approximately $9,410,300.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Mark W. Haushill sold 35,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 261,688 shares of the company’s stock, valued at approximately $9,410,300.48. The transaction was disclosed in a legal 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 firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.58, for a total value of $889,500.00. Following the completion of 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 sold 98,890 shares of company stock valued at $3,533,839 in the last quarter. 8.01% of the stock is currently owned by corporate insiders.

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.