Mutual of America Capital Management LLC Trims Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Mutual of America Capital Management LLC trimmed its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,609 shares of the company’s stock after selling 820 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.44% of Skyward Specialty Insurance Group worth $8,875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SKWD. Arcadia Investment Management Corp MI bought a new stake in Skyward Specialty Insurance Group during the 3rd quarter worth approximately $41,000. Quarry LP increased its holdings 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 purchasing an additional 879 shares during the period. ORG Wealth Partners LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth $61,000. Pinnacle Financial Partners Inc bought a new stake in Skyward Specialty Insurance Group during the fourth quarter valued at $220,000. Finally, Kirr Marbach & Co. LLC IN purchased a new position in Skyward Specialty Insurance Group during the fourth quarter worth about $252,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Down 0.4 %

Shares of NASDAQ:SKWD opened at $52.02 on Friday. The stock has a market cap of $2.09 billion, a PE ratio of 15.86, a PEG ratio of 0.81 and a beta of 0.83. The company’s fifty day moving average is $47.44 and its 200 day moving average is $46.06. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.27 and a 52 week high of $55.62.

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

Analysts Set New Price Targets

SKWD has been the topic of several recent analyst reports. Truist Financial raised their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday. 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 on the stock. Piper Sandler cut their price target 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. JMP Securities reissued a “market outperform” rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Finally, Raymond James lifted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.00.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, EVP Sandip A. Kapadia sold 4,347 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $49.51, for a total value of $215,219.97. Following the sale, the executive vice president now owns 12,508 shares of the company’s stock, valued at $619,271.08. This trade represents a 25.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Charles Hays sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,318 shares of company stock valued at $2,098,866 in the last ninety days. Company 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.