Envestnet Asset Management Inc. Has $3.81 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Envestnet Asset Management Inc. decreased its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 12.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 75,347 shares of the company’s stock after selling 10,616 shares during the period. Envestnet Asset Management Inc. owned 0.19% of Skyward Specialty Insurance Group worth $3,808,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Skyward Specialty Insurance Group by 52.4% during the fourth quarter. Wells Fargo & Company MN now owns 27,507 shares of the company’s stock worth $1,390,000 after acquiring an additional 9,461 shares during the period. Riverwater Partners LLC lifted its holdings in Skyward Specialty Insurance Group by 2.5% during the 4th quarter. Riverwater Partners LLC now owns 35,013 shares of the company’s stock worth $1,770,000 after purchasing an additional 862 shares during the last quarter. Integrated Quantitative Investments LLC bought a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at $1,485,000. Trexquant Investment LP boosted its stake in Skyward Specialty Insurance Group by 59.8% in the 4th quarter. Trexquant Investment LP now owns 27,775 shares of the company’s stock valued at $1,404,000 after purchasing an additional 10,392 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company’s stock valued at $58,860,000 after buying an additional 47,363 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the subject of a number of recent research reports. Truist Financial boosted their target price on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Wolfe Research reissued a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Jefferies Financial Group cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. TD Cowen began coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 price target for the company. Finally, JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Insider Transactions at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total transaction of $327,096.00. Following the completion of the transaction, the insider now directly owns 3,946 shares in the company, valued at $204,876.32. This represents a 61.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the completion of the sale, the director now owns 734 shares in the company, valued at $37,155.08. This represents a 57.67 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $54.27 on Friday. The firm has a 50 day simple moving average of $51.47 and a two-hundred day simple moving average of $49.23. The company has a market cap of $2.19 billion, a P/E ratio of 16.55, a P/E/G ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $56.98.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. On average, analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal 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.