Mutual of America Capital Management LLC Sells 820 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Mutual of America Capital Management LLC reduced its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 0.5% during the fourth quarter, Holdings Channel reports. The firm owned 175,609 shares of the company’s stock after selling 820 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $8,875,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI purchased a new position in shares of Skyward Specialty Insurance Group during the third quarter valued at about $41,000. Quarry LP lifted its holdings in Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after buying an additional 879 shares during the period. ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at approximately $61,000. Pinnacle Financial Partners Inc purchased a new position in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $220,000. Finally, Kirr Marbach & Co. LLC IN bought a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $252,000. 94.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SKWD shares. Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday. Truist Financial boosted their target price on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a “hold” rating and a $43.00 price target for the company. Piper Sandler dropped 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 note on Thursday, February 6th. Finally, Barclays raised their target price on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.

Skyward Specialty Insurance Group Stock Performance

Shares of Skyward Specialty Insurance Group stock opened at $52.02 on Friday. The company has a 50-day simple moving average of $47.44 and a two-hundred day simple moving average of $46.06. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.27 and a 52-week high of $55.62. The stock has a market capitalization of $2.09 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The business had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $295.56 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. As a group, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Activity

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the completion of the transaction, the director now owns 747,261 shares of the company’s stock, valued at approximately $40,352,094. The trade was a 3.24 % 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 Thomas N. Schmitt sold 637 shares of the firm’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 sale, the insider now directly owns 10,792 shares in the company, valued at approximately $515,965.52. The trade was a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,318 shares of company stock valued at $2,098,866 over the last ninety days. 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.