Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock Holdings Reduced by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,074 shares of the company’s stock after selling 324 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Skyward Specialty Insurance Group worth $1,621,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in SKWD. Sterling Capital Management LLC boosted 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. grew its holdings in Skyward Specialty Insurance Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company’s stock valued at $196,000 after purchasing an additional 247 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $219,000. Pinnacle Financial Partners Inc acquired a new position in Skyward Specialty Insurance Group in the 4th quarter valued at $220,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group during the 4th quarter worth $230,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock opened at $62.45 on Monday. The stock’s fifty day simple moving average is $57.29 and its 200 day simple moving average is $52.15. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $65.05. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 0.81 and a beta of 0.79.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. The firm had revenue of $328.53 million for the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.75 earnings per share. On average, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Chairman Kirby Hill sold 8,249 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $60.87, for a total value of $502,116.63. Following the completion of the sale, the chairman now owns 8,249 shares of the company’s stock, valued at $502,116.63. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Truist Financial lifted their price objective on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. Citigroup restated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Barclays upped their target price 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. Piper Sandler increased 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 report on Monday, May 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, May 29th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $61.75.

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.