Russell Investments Group Ltd. Has $7.31 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Russell Investments Group Ltd. decreased its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,597 shares of the company’s stock after selling 32,219 shares during the period. Russell Investments Group Ltd. owned 0.36% of Skyward Specialty Insurance Group worth $7,308,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SKWD. Barclays PLC increased its stake in shares of Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after purchasing an additional 47,081 shares during the period. Principal Financial Group Inc. increased its position in Skyward Specialty Insurance Group by 49.8% in the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock worth $4,240,000 after buying an additional 34,612 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Skyward Specialty Insurance Group by 32.9% during the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock worth $3,515,000 after buying an additional 21,346 shares during the last quarter. State Street Corp lifted its holdings in shares of Skyward Specialty Insurance Group by 10.8% during the third quarter. State Street Corp now owns 844,233 shares of the company’s stock worth $34,386,000 after buying an additional 82,328 shares during the last quarter. Finally, Ellsworth Advisors LLC bought a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $676,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Trading Up 0.7 %

Shares of SKWD opened at $52.53 on Friday. The stock has a 50 day simple moving average of $50.56 and a 200-day simple moving average of $48.50. The stock has a market cap of $2.12 billion, a PE ratio of 16.02, a PEG ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data 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 company had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $295.56 million. On average, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 6,300 shares of the firm’s 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 completion of the sale, the insider now 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 filing with the SEC, which is accessible through this link. Also, Director Gena L. Ashe sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the transaction, the director now directly owns 734 shares in the company, valued at $37,155.08. The trade was a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,132 shares of company stock valued at $620,476 in the last ninety days. Insiders own 8.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SKWD shares. Jefferies Financial Group lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $62.00 to $59.00 in a research report on Friday. Keefe, Bruyette & Woods dropped their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday. Piper Sandler reduced 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. Truist Financial boosted their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.00.

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.