1 week Ago By Defense World Staff
Norges Bank acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 124,500 shares of the company’s stock, valued at approximately $6,292,000.
Norges Bank owned approximately 0.31% of Skyward Specialty Insurance Group at the end of the most recent quarter. Several other institutional investors have also recently modified their holdings of the company.
ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group in the 4th quarter worth approximately $61,000. Pinnacle Financial Partners Inc purchased a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth approximately $220,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth approximately $230,000.
Kirr Marbach & Co. LLC IN purchased a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $252,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Skyward Specialty Insurance Group during the 3rd quarter valued at $297,000.
94.83% of the stock is currently owned by institutional investors. Insider ActivityIn other news, Director Gena L.
Ashe sold 1,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.
00. Following the sale, the director now owns 734 shares in the company, valued at approximately $37,155.08.
The trade was a 57.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Also, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $51.
92, for a total transaction of $327,096.00. Following the completion of the transaction, the insider now owns 3,946 shares of the company’s stock, valued at approximately $204,876.
32. The trade was a 61.49 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders sold a total of 12,132 shares of company stock worth $620,476 in the last quarter. 8.
01% of the stock is owned by company insiders. Wall Street Analysts Forecast GrowthSeveral research firms have weighed in on SKWD. TD Cowen initiated 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 lowered their target price on Skyward Specialty Insurance Group from $58.
00 to $57.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reduced their price target on Skyward Specialty Insurance Group from $62.
00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday. Truist Financial boosted their price objective on Skyward Specialty Insurance Group from $54.
00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Barclays upgraded shares of Skyward Specialty Insurance Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $53.
00 to $63.00 in a report on Friday, March 14th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned 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 $55.63.Get Our Latest Stock Analysis on Skyward Specialty Insurance GroupSkyward Specialty Insurance Group Trading Up 5.
1 %Shares of Skyward Specialty Insurance Group stock opened at $51.75 on Thursday. The company’s fifty day simple moving average is $50.
33 and its two-hundred day simple moving average is $48.34. Skyward Specialty Insurance Group, Inc.
has a 12-month low of $33.27 and a 12-month high of $55.62.
The company has a market cap of $2.09 billion, a P/E ratio of 15.78, a PEG ratio of 0.
81 and a beta of 0.63. Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last released its quarterly 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. The company had revenue of $304.40 million during the quarter, compared to the consensus estimate of $295.
56 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.
39%. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.
05 EPS for the current fiscal year. Skyward Specialty Insurance Group Profile (Free Report)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.
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