Gotham Asset Management LLC Sells 221 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Gotham Asset Management LLC lowered its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,212 shares of the company’s stock after selling 221 shares during the quarter. Gotham Asset Management LLC’s holdings in Skyward Specialty Insurance Group were worth $364,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SKWD. Sterling Capital Management LLC raised its stake in shares of Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company’s stock worth $46,000 after acquiring an additional 809 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Skyward Specialty Insurance Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock worth $196,000 after acquiring an additional 247 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $219,000. Pinnacle Financial Partners Inc bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $220,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $230,000. Institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JMP Securities upped their price target on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research note on Friday, May 2nd. Keefe, Bruyette & Woods upped their price target on shares of Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, May 8th. Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Piper Sandler upped their price target on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Finally, Barclays upped their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average price target of $61.13.

Skyward Specialty Insurance Group Trading Down 0.7%

Shares of NASDAQ:SKWD opened at $63.18 on Wednesday. The company has a market capitalization of $2.55 billion, a PE ratio of 19.26, a P/E/G ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.42 and a twelve month high of $63.76. The firm has a 50 day simple moving average of $54.49 and a 200-day simple moving average of $50.93.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. The business had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 6,300 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $51.92, for a total value of $327,096.00. Following the sale, the insider now directly owns 3,946 shares in the company, valued at $204,876.32. The trade was a 61.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Kirby Hill sold 8,249 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $60.87, for a total transaction of $502,116.63. Following the completion of the sale, the chairman now owns 8,249 shares in the company, valued at $502,116.63. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,381 shares of company stock valued at $1,122,592. 7.86% of the stock is owned by company insiders.

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.