FJ Capital Management LLC Boosts Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

FJ Capital Management LLC grew its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 32,182 shares of the company’s stock after acquiring an additional 4,380 shares during the quarter. FJ Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG increased its holdings in Skyward Specialty Insurance Group by 4.4% during the fourth quarter. Deutsche Bank AG now owns 433,331 shares of the company’s stock worth $21,901,000 after buying an additional 18,209 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Skyward Specialty Insurance Group by 12.5% during the 4th quarter. Cetera Investment Advisers now owns 9,075 shares of the company’s stock worth $459,000 after purchasing an additional 1,006 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Skyward Specialty Insurance Group by 18.5% in the 4th quarter. Bank of America Corp DE now owns 144,256 shares of the company’s stock worth $7,291,000 after purchasing an additional 22,570 shares during the period. BNP Paribas Financial Markets purchased a new position in Skyward Specialty Insurance Group in the fourth quarter valued at approximately $1,651,000. Finally, Freestone Grove Partners LP bought a new position in Skyward Specialty Insurance Group during the fourth quarter valued at $8,052,000. 94.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SKWD has been the topic of a number of recent research reports. JMP Securities upped their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a “market outperform” rating in a research report on Friday, May 2nd. Truist Financial upped their price target on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. Keefe, Bruyette & Woods increased their target price on Skyward Specialty Insurance Group from $57.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays increased their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.13.

Skyward Specialty Insurance Group Stock Up 1.3 %

NASDAQ:SKWD opened at $59.64 on Friday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.42 and a twelve month high of $60.40. The stock has a market cap of $2.41 billion, a P/E ratio of 18.18, a PEG ratio of 0.81 and a beta of 0.64. The business’s 50-day moving average price is $52.51 and its two-hundred day moving average price is $50.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.12. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $328.53 million for the quarter, compared to the consensus estimate of $310.94 million. During the same period last year, the firm posted $0.75 earnings per share. On average, equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total transaction of $327,096.00. Following the transaction, the insider now directly owns 3,946 shares of the company’s stock, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the sale, the insider now directly owns 17,655 shares of the company’s stock, valued at $886,987.20. This represents a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,132 shares of company stock valued at $620,476. Insiders own 8.01% of the company’s stock.

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.