Russell Investments Group Ltd. Sells 32,219 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Russell Investments Group Ltd. lowered its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 18.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 144,597 shares of the company’s stock after selling 32,219 shares during the quarter. Russell Investments Group Ltd.’s holdings in Skyward Specialty Insurance Group were worth $7,308,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. ORG Wealth Partners LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $61,000. Pinnacle Financial Partners Inc bought a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $220,000. Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group during the 4th quarter valued at about $230,000. Kirr Marbach & Co. LLC IN bought a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $252,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth approximately $297,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $52.53 on Friday. The company has a market capitalization of $2.12 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63. The business has a 50-day moving average of $50.56 and a two-hundred day moving average of $48.50. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share (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 business had revenue of $304.40 million during the quarter, compared to analysts’ expectations of $295.56 million. On average, equities analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the sale, the director now owns 734 shares of the company’s stock, valued at approximately $37,155.08. This trade represents a 57.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John A. Burkhart III sold 4,832 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.24, for a total value of $242,759.68. Following the transaction, the insider now directly owns 17,655 shares of the company’s stock, valued at approximately $886,987.20. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,132 shares of company stock valued at $620,476 over the last quarter. Corporate insiders own 8.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SKWD shares. Keefe, Bruyette & Woods cut their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial raised their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Barclays upped their price objective on Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the company an “overweight” rating in a report on Friday. Piper Sandler cut 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. Finally, Jefferies Financial Group lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $62.00 to $59.00 in a research report on Friday. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

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.