Sei Investments Co. Sells 5,987 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Sei Investments Co. decreased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179,328 shares of the company’s stock after selling 5,987 shares during the period. Sei Investments Co.’s holdings in Skyward Specialty Insurance Group were worth $9,063,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Skyward Specialty Insurance Group by 54.0% during the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company’s stock valued at $79,744,000 after buying an additional 553,389 shares during the period. Franklin Resources Inc. boosted its holdings in Skyward Specialty Insurance Group by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after acquiring an additional 158,679 shares in the last quarter. State Street Corp increased its position in Skyward Specialty Insurance Group by 10.8% during the 3rd quarter. State Street Corp now owns 844,233 shares of the company’s stock valued at $34,386,000 after purchasing an additional 82,328 shares during the period. Two Sigma Advisers LP raised its holdings in Skyward Specialty Insurance Group by 15.3% in the 3rd quarter. Two Sigma Advisers LP now owns 490,200 shares of the company’s stock worth $19,966,000 after purchasing an additional 65,200 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $18,084,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 1.0 %

SKWD stock opened at $52.62 on Monday. The stock’s 50 day simple moving average is $48.72 and its 200 day simple moving average is $47.64. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.27 and a 12-month high of $55.62. The stock has a market capitalization of $2.11 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67.

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

Analyst Ratings Changes

SKWD has been the topic of several research analyst reports. TD Cowen started coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 price target on the stock. Truist Financial increased their target price on 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. Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Finally, Barclays raised shares of Skyward Specialty Insurance Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $53.00 to $63.00 in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.25.

Insider Activity

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 637 shares of the firm’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the transaction, the insider now directly owns 10,792 shares of the company’s stock, valued at approximately $515,965.52. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Andrew S. Robinson sold 6,010 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.37, for a total transaction of $296,713.70. Following the sale, the chief executive officer now directly owns 77,144 shares of the company’s stock, valued at $3,808,599.28. The trade was a 7.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,450 shares of company stock valued at $1,369,342 in the last 90 days. 8.01% of the stock is currently owned by insiders.

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.