ORG Wealth Partners LLC Buys Shares of 1,216 Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,216 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB grew its stake in Skyward Specialty Insurance Group by 2.4% in the fourth quarter. Nordea Investment Management AB now owns 64,321 shares of the company’s stock valued at $3,248,000 after purchasing an additional 1,523 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Skyward Specialty Insurance Group by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock valued at $3,515,000 after purchasing an additional 21,346 shares during the last quarter. Principal Financial Group Inc. grew its stake in Skyward Specialty Insurance Group by 49.8% in the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock valued at $4,240,000 after purchasing an additional 34,612 shares during the last quarter. Franklin Resources Inc. grew its stake in Skyward Specialty Insurance Group by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after purchasing an additional 158,679 shares during the last quarter. Finally, Barclays PLC grew its stake in Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock valued at $2,608,000 after purchasing an additional 47,081 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Down 6.8 %

Shares of SKWD opened at $42.51 on Friday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $29.40 and a 52-week high of $55.62. The company has a market capitalization of $1.70 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.95 and a beta of 0.89. The stock has a fifty day simple moving average of $50.27 and a two-hundred day simple moving average of $43.64.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on SKWD. Jefferies Financial Group boosted their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. JMP Securities boosted their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Raymond James boosted their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays boosted 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 note on Monday, January 6th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director James Charles Hays sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now directly owns 747,261 shares in the company, valued at $40,352,094. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sandip A. Kapadia sold 908 shares of the firm’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 transaction, the executive vice president now owns 10,371 shares of the company’s stock, valued at $487,229.58. This trade represents a 8.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,318 shares of company stock worth $2,098,866. 8.01% of the stock is currently owned by company insiders.

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.