Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Interval Partners LP

Interval Partners LP lowered its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 68.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,800 shares of the company’s stock after selling 34,054 shares during the period. Interval Partners LP’s holdings in Skyward Specialty Insurance Group were worth $591,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake in shares of Skyward Specialty Insurance Group by 311.2% in the 1st quarter. Janus Henderson Group PLC now owns 27,530 shares of the company’s stock valued at $1,029,000 after acquiring an additional 20,835 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 6.0% in the first quarter. Kennedy Capital Management LLC now owns 98,441 shares of the company’s stock valued at $3,683,000 after acquiring an additional 5,565 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Skyward Specialty Insurance Group by 439.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 71,909 shares of the company’s stock valued at $2,691,000 after purchasing an additional 58,578 shares during the period. Capital International Investors grew its stake in shares of Skyward Specialty Insurance Group by 48.0% in the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock valued at $82,767,000 after purchasing an additional 717,972 shares during the last quarter. Finally, American International Group Inc. raised its position in Skyward Specialty Insurance Group by 23.7% during the 1st quarter. American International Group Inc. now owns 14,684 shares of the company’s stock worth $549,000 after buying an additional 2,818 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial lifted their price target on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Oppenheimer initiated coverage on shares of Skyward Specialty Insurance Group in a research report on Friday, July 12th. They issued a “market perform” rating for the company. Finally, JMP Securities lifted their target price on Skyward Specialty Insurance Group from $45.00 to $47.00 and gave the stock a “market outperform” rating in a research report on Monday, July 1st. Two 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.75.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 23,533 shares of the business’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $37.21, for a total transaction of $875,662.93. Following the sale, the chief executive officer now directly owns 83,154 shares of the company’s stock, valued at approximately $3,094,160.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder Corp Westaim sold 5,060,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $36.50, for a total value of $184,690,000.00. Following the sale, the insider now directly owns 1,919,639 shares of the company’s stock, valued at $70,066,823.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew S. Robinson sold 23,533 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $37.21, for a total value of $875,662.93. Following the completion of the transaction, the chief executive officer now directly owns 83,154 shares of the company’s stock, valued at approximately $3,094,160.34. The disclosure for this sale can be found here. Insiders sold 5,095,277 shares of company stock worth $186,000,945 over the last ninety days. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD traded down $0.31 during trading on Wednesday, hitting $39.47. 105,835 shares of the stock were exchanged, compared to its average volume of 361,156. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 0.76 and a beta of 0.62. The company’s fifty day simple moving average is $36.63 and its 200-day simple moving average is $35.57. Skyward Specialty Insurance Group, Inc. has a 1-year low of $22.97 and a 1-year high of $40.38.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.09. The business had revenue of $264.97 million for the quarter, compared to analyst estimates of $251.66 million. Skyward Specialty Insurance Group had a return on equity of 15.98% and a net margin of 11.16%. During the same quarter in the prior year, the firm posted $0.42 earnings per share. On average, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.81 earnings per share for the current fiscal year.

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.