Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock Holdings Lowered by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 863,755 shares of the company’s stock after selling 29,152 shares during the period. Geode Capital Management LLC owned about 2.15% of Skyward Specialty Insurance Group worth $35,187,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SKWD. Arcadia Investment Management Corp MI bought a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth $41,000. Amalgamated Bank increased its stake in Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after purchasing an additional 279 shares in the last quarter. Quarry LP raised its holdings in Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after buying an additional 879 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Skyward Specialty Insurance Group during the second quarter valued at about $160,000. Finally, CWM LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 3,103.1% in the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after buying an additional 4,003 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JMP Securities boosted their target price on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Raymond James raised their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $46.89.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 747,261 shares of the company’s stock, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $51.04 on Thursday. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 0.95 and a beta of 0.76. The stock has a 50-day simple moving average of $49.77 and a 200-day simple moving average of $42.62. Skyward Specialty Insurance Group, Inc. has a 52-week low of $29.40 and a 52-week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $300.89 million during the quarter, compared to analysts’ expectations of $292.43 million. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current 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.