4,743 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,743 shares of the company’s stock, valued at approximately $161,000.

A number of other institutional investors have also bought and sold shares of SKWD. Vanguard Group Inc. lifted its position in Skyward Specialty Insurance Group by 109.5% during 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 in the last quarter. Jennison Associates LLC raised its holdings in shares of Skyward Specialty Insurance Group by 35.2% during the 3rd quarter. Jennison Associates LLC now owns 1,356,301 shares of the company’s stock worth $37,108,000 after acquiring an additional 352,971 shares during the period. American Century Companies Inc. boosted its position in shares of 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 valued at $16,079,000 after acquiring an additional 54,945 shares during the last quarter. Ashford Capital Management Inc. acquired a new stake in Skyward Specialty Insurance Group during the third quarter worth about $9,707,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in Skyward Specialty Insurance Group by 1,072.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 344,648 shares of the company’s stock worth $9,430,000 after purchasing an additional 315,252 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. BMO Capital Markets increased their price target 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. Truist Financial lifted their target price on 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. 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 research report on Wednesday, April 10th. 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 target price on the stock. Finally, JMP Securities lifted their price target on shares of Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research report on Monday, April 15th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $39.89.

Insider Activity

In related news, 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 transaction, the chief executive officer now directly owns 74,533 shares of the company’s stock, valued at approximately $2,650,393.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 13,374 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $35.70, for a total value of $477,451.80. Following the sale, the chief executive officer now directly owns 96,883 shares in the company, valued at $3,458,723.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew S. Robinson sold 12,109 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $35.56, for a total value of $430,596.04. Following the transaction, the chief executive officer now directly owns 74,533 shares of the company’s stock, valued at $2,650,393.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,890 shares of company stock worth $3,533,839. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD opened at $33.46 on Monday. The firm has a market capitalization of $1.34 billion, a PE ratio of 14.94 and a beta of 0.45. Skyward Specialty Insurance Group, Inc. has a 1 year low of $20.89 and a 1 year high of $38.64. The firm’s 50-day moving average is $36.17 and its two-hundred day moving average is $33.13.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.05. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The firm had revenue of $321.60 million for the quarter, compared to the consensus estimate of $320.34 million. During the same period in the prior year, the firm earned $0.36 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. Analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.64 EPS for the current fiscal 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.