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

Navellier & Associates Inc. raised its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 40.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,282 shares of the company’s stock after acquiring an additional 10,478 shares during the quarter. Navellier & Associates Inc. owned approximately 0.09% of Skyward Specialty Insurance Group worth $1,834,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $2,295,000. WCM Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $18,084,000. Calamos Advisors LLC lifted its position in shares of Skyward Specialty Insurance Group by 3.4% during 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 during the last quarter. Swedbank AB purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $15,164,000. Finally, Kirr Marbach & Co. LLC IN purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $252,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 price objective for the company. Piper Sandler reduced their price objective on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Finally, Raymond James lifted 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. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.44.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. Following the transaction, the director now directly 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 SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Robinson sold 6,010 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total transaction of $296,713.70. Following the sale, the chief executive officer now owns 77,144 shares in the company, valued at $3,808,599.28. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,318 shares of company stock valued at $2,098,866. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $48.65 on Friday. The stock has a market capitalization of $1.95 billion, a P/E ratio of 14.83, a P/E/G ratio of 0.81 and a beta of 0.83. The company’s fifty day moving average is $47.40 and its two-hundred day moving average is $45.47. 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 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.