SG Americas Securities LLC Has $548,000 Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

SG Americas Securities LLC lowered its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 69.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,456 shares of the company’s stock after selling 30,782 shares during the quarter. SG Americas Securities LLC’s holdings in Skyward Specialty Insurance Group were worth $548,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SKWD. Amalgamated Bank increased its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after purchasing an additional 279 shares during the period. Ameritas Investment Partners Inc. increased its stake in Skyward Specialty Insurance Group by 24.2% during the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock valued at $111,000 after acquiring an additional 579 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in Skyward Specialty Insurance Group during the second quarter valued at about $160,000. ProShare Advisors LLC acquired a new position in Skyward Specialty Insurance Group in the 1st quarter valued at approximately $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Skyward Specialty Insurance Group by 67.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock worth $204,000 after acquiring an additional 2,270 shares during the period. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Down 0.1 %

NASDAQ:SKWD opened at $45.46 on Wednesday. The firm has a market cap of $1.82 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 0.81 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a 12 month low of $27.12 and a 12 month high of $46.03. The company’s 50-day moving average price is $40.27 and its two-hundred day moving average price is $37.95.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its earnings results on Monday, August 5th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.65 by $0.15. The business had revenue of $279.94 million for the quarter, compared to the consensus estimate of $282.70 million. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. During the same period in the previous year, the business earned $0.42 EPS. On average, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SKWD has been the topic of a number of research reports. Jefferies Financial Group boosted their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Oppenheimer initiated coverage on shares of Skyward Specialty Insurance Group in a report on Friday, July 12th. They issued a “market perform” rating on the stock. Barclays assumed coverage on shares of Skyward Specialty Insurance Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 price objective for the company. William Blair began coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an “outperform” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $44.78.

Insiders Place Their Bets

In other news, Director Katharine Terry sold 1,653 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $36.87, for a total value of $60,946.11. Following the completion of the sale, the director now directly owns 4,001 shares in the company, valued at approximately $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.