Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Ashford Capital Management Inc.

Ashford Capital Management Inc. lessened its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 406,032 shares of the company’s stock after selling 33,984 shares during the period. Skyward Specialty Insurance Group makes up about 2.8% of Ashford Capital Management Inc.’s portfolio, making the stock its 10th largest holding. Ashford Capital Management Inc. owned approximately 1.00% of Skyward Specialty Insurance Group worth $23,465,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in Skyward Specialty Insurance Group by 2,223.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after purchasing an additional 578 shares during the last quarter. LRI Investments LLC lifted its position in shares of Skyward Specialty Insurance Group by 39.4% during the 2nd quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock worth $101,000 after buying an additional 496 shares during the last quarter. State of Wyoming lifted its position in shares of Skyward Specialty Insurance Group by 52.4% during the 1st quarter. State of Wyoming now owns 2,435 shares of the company’s stock worth $129,000 after buying an additional 837 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Skyward Specialty Insurance Group in the second quarter valued at about $134,000. Finally, Advisors Asset Management Inc. bought a new position in Skyward Specialty Insurance Group in the second quarter valued at about $144,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $49.71 on Friday. The business has a 50-day moving average of $47.50 and a 200-day moving average of $50.72. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.66 and a beta of 0.55. Skyward Specialty Insurance Group, Inc. has a 1 year low of $41.28 and a 1 year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.85 by $0.20. The business had revenue of $382.53 million for the quarter, compared to analysts’ expectations of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same period in the prior year, the business posted $0.71 earnings per share. As a group, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Analyst Upgrades and Downgrades

SKWD has been the subject of a number of research reports. Wolfe Research raised shares of Skyward Specialty Insurance Group to an “outperform” rating in a report on Monday, September 15th. Piper Sandler upped their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Citigroup restated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday, December 4th. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Zacks Research upgraded Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

About Skyward Specialty Insurance Group

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.