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

Peregrine Capital Management LLC decreased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 402,282 shares of the company’s stock after selling 27,294 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.00% of Skyward Specialty Insurance Group worth $20,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SKWD. Jennison Associates LLC increased its stake in Skyward Specialty Insurance Group by 1.0% in the third quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock valued at $52,786,000 after acquiring an additional 12,484 shares during the period. Franklin Resources Inc. grew its holdings in Skyward Specialty Insurance Group by 16.6% during the 3rd quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock worth $45,506,000 after acquiring an additional 158,679 shares during the period. Emerald Advisers LLC increased its stake in shares of Skyward Specialty Insurance Group by 3.4% in the 3rd quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock valued at $35,622,000 after acquiring an additional 28,618 shares during the last quarter. State Street Corp lifted its holdings in 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 acquiring an additional 82,328 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Skyward Specialty Insurance Group by 12.9% during the third quarter. Victory Capital Management Inc. now owns 743,073 shares of the company’s stock worth $30,265,000 after acquiring an additional 84,623 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Price Performance

SKWD stock opened at $49.86 on Tuesday. Skyward Specialty Insurance Group, Inc. has a 1-year low of $32.08 and a 1-year high of $55.62. The business has a fifty day moving average price of $47.56 and a 200-day moving average price of $45.27. The stock has a market capitalization of $2.00 billion, a P/E ratio of 15.20, a P/E/G ratio of 0.81 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SKWD. Raymond James raised their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday, November 5th. Piper Sandler lowered their target price 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. JMP Securities restated a “market outperform” rating and set a $60.00 target price on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Barclays raised their price target on 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. Finally, TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average target price of $51.44.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, EVP Sandip A. Kapadia sold 908 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.98, for a total value of $42,657.84. Following the completion of the transaction, the executive vice president now directly owns 10,371 shares in the company, valued at approximately $487,229.58. The trade was a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas N. Schmitt sold 546 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the completion of the sale, the insider now directly owns 10,246 shares of the company’s stock, valued at approximately $480,025.10. This represents a 5.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 40,318 shares of company stock valued at $2,098,866 in the last three months. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Company 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.