Navellier & Associates Inc. Raises Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Navellier & Associates Inc. grew its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 40.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,282 shares of the company’s stock after purchasing an additional 10,478 shares during the period. Navellier & Associates Inc.’s holdings in Skyward Specialty Insurance Group were worth $1,834,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alberta Investment Management Corp purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $2,295,000. WCM Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $18,084,000. Calamos Advisors LLC boosted its position in shares of Skyward Specialty Insurance Group by 3.4% in the 4th quarter. Calamos Advisors LLC now owns 60,246 shares of the company’s stock worth $3,045,000 after buying an additional 1,995 shares in the last quarter. Swedbank AB purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $15,164,000. Finally, Kirr Marbach & Co. LLC IN purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $252,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SKWD has been the topic of several recent research reports. Barclays boosted 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. Keefe, Bruyette & Woods boosted their price objective on shares of Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Piper Sandler decreased their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Raymond James upped 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 report on Tuesday, November 5th. Finally, TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.44.

Insider Activity

In other news, insider Thomas N. Schmitt sold 637 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $47.81, for a total transaction of $30,454.97. Following the completion of the transaction, the insider now owns 10,792 shares of the company’s stock, valued at $515,965.52. This represents a 5.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Mark W. Haushill sold 1,630 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $49.06, for a total transaction of $79,967.80. Following the transaction, the chief financial officer now directly owns 176,971 shares of the company’s stock, valued at approximately $8,682,197.26. This represents a 0.91 % 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 90 days. 8.01% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Trading Down 1.8 %

NASDAQ:SKWD opened at $48.65 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $33.27 and a 12-month high of $55.62. The company’s 50-day moving average is $47.40 and its two-hundred day moving average is $45.47. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83.

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.