Jackson Creek Investment Advisors LLC Decreases Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Jackson Creek Investment Advisors LLC lessened its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,542 shares of the company’s stock after selling 1,130 shares during the quarter. Skyward Specialty Insurance Group makes up about 0.6% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its 24th biggest holding. Jackson Creek Investment Advisors LLC owned approximately 0.09% of Skyward Specialty Insurance Group worth $1,847,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in Skyward Specialty Insurance Group during the fourth quarter worth about $61,000. Quarry LP boosted its holdings in shares of 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 purchasing an additional 879 shares during the last quarter. Pinnacle Financial Partners Inc acquired a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $220,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $230,000. Finally, Kirr Marbach & Co. LLC IN acquired a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $252,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Insider Buying and Selling

In related news, EVP Sandip A. Kapadia sold 4,347 shares of Skyward Specialty Insurance Group stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 12,508 shares in the company, valued at approximately $619,271.08. The trade was a 25.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the sale, the insider now owns 3,946 shares in the company, valued at approximately $204,876.32. This trade represents a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,618 shares of company stock valued at $1,075,962. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $49.59 on Friday. The firm has a market cap of $1.99 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.81 and a beta of 0.83. The firm’s 50 day moving average price is $47.54 and its 200-day moving average price is $46.41. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $295.56 million. As a group, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Piper Sandler lowered their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Keefe, Bruyette & Woods boosted their price target on shares of Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Barclays raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 target price on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Finally, Truist Financial increased their price target on shares of 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $55.00.

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.