Jackson Creek Investment Advisors LLC Cuts Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Jackson Creek Investment Advisors LLC lessened its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 27.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,344 shares of the company’s stock after selling 11,353 shares during the period. Jackson Creek Investment Advisors LLC owned approximately 0.08% of Skyward Specialty Insurance Group worth $994,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in Skyward Specialty Insurance Group by 208.9% during the third quarter. Bank of New York Mellon Corp now owns 91,346 shares of the company’s stock worth $2,499,000 after buying an additional 61,772 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Skyward Specialty Insurance Group during the third quarter worth $306,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Skyward Specialty Insurance Group in the third quarter valued at $3,296,000. Jennison Associates LLC increased its holdings in Skyward Specialty Insurance Group by 35.2% during the 3rd quarter. Jennison Associates LLC now owns 1,356,301 shares of the company’s stock valued at $37,108,000 after acquiring an additional 352,971 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in Skyward Specialty Insurance Group during the 3rd quarter valued at $957,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SKWD. JMP Securities upped their price objective on shares of Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the company a “market outperform” rating in a research note on Monday, April 15th. Keefe, Bruyette & Woods lifted their price objective on Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Wolfe Research initiated coverage on shares of Skyward Specialty Insurance Group in a report on Thursday, January 11th. They issued an “outperform” rating and a $39.00 price target on the stock. BMO Capital Markets boosted their price objective on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a “market perform” rating in a research note on Monday, February 26th. Finally, Truist Financial increased their target price on Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of “Buy” and a consensus price target of $39.89.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson sold 12,109 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $35.56, for a total value of $430,596.04. Following the completion of the transaction, the chief executive officer now owns 74,533 shares in the company, valued at approximately $2,650,393.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 12,109 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $35.56, for a total transaction of $430,596.04. Following the sale, the chief executive officer now directly owns 74,533 shares of the company’s stock, valued at $2,650,393.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark W. Haushill sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the transaction, the chief financial officer now owns 261,688 shares in the company, valued at $9,410,300.48. The disclosure for this sale can be found here. Insiders have sold 98,890 shares of company stock worth $3,533,839 over the last quarter. 8.01% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Trading Up 1.1 %

SKWD stock traded up $0.38 during midday trading on Tuesday, hitting $34.92. 250,678 shares of the company’s stock were exchanged, compared to its average volume of 308,343. The firm has a 50 day moving average price of $36.17 and a 200-day moving average price of $33.17. Skyward Specialty Insurance Group, Inc. has a 12-month low of $20.89 and a 12-month high of $38.64. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 15.42 and a beta of 0.45.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.05. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The business had revenue of $321.60 million during the quarter, compared to the consensus estimate of $320.34 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.64 EPS for the current fiscal year.

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.