Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 283,629 shares of the company’s stock after purchasing an additional 3,687 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Skyward Specialty Insurance Group were worth $14,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP increased its position in shares of Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after acquiring an additional 879 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $61,000. Pinnacle Financial Partners Inc acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $220,000. Kirr Marbach & Co. LLC IN acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $252,000. Finally, FORA Capital LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the third quarter worth $256,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SKWD shares. Wolfe Research reissued a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Barclays raised shares of Skyward Specialty Insurance Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $53.00 to $63.00 in a research report on Friday, March 14th. Truist Financial increased their price objective on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 target price for the company. Finally, Piper Sandler decreased their target price on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Three 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 stock. Based on data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $56.25.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 1,000 shares of the stock in a transaction 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 transaction, the director now directly owns 734 shares in the company, valued at $37,155.08. This represents a 57.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Thomas N. Schmitt sold 637 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $47.81, for a total transaction of $30,454.97. Following the transaction, the insider now owns 10,792 shares in the company, valued at $515,965.52. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,450 shares of company stock worth $1,369,342 in the last ninety days. 8.01% of the stock is owned by insiders.

Skyward Specialty Insurance Group Trading Up 0.8 %

Shares of SKWD stock opened at $49.85 on Friday. The company has a market capitalization of $2.00 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. The firm has a fifty day simple moving average of $47.71 and a 200-day simple moving average of $47.05. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.27 and a twelve month high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $295.56 million. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current 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.