Lisanti Capital Growth LLC Sells 25,280 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Lisanti Capital Growth LLC lessened its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 43.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,530 shares of the company’s stock after selling 25,280 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Skyward Specialty Insurance Group were worth $1,695,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SKWD. Quarry LP increased its stake in Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $61,000. Pinnacle Financial Partners Inc bought a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $220,000. Kirr Marbach & Co. LLC IN bought a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $252,000. Finally, FORA Capital LLC bought a new stake in Skyward Specialty Insurance Group during the 3rd quarter valued at $256,000. Institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

SKWD has been the subject of a number of recent research reports. Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. TD Cowen began coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a “hold” rating and a $43.00 price objective on the stock. Piper Sandler cut 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 report on Thursday, February 6th. Wolfe Research reaffirmed a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $51.92, for a total transaction of $327,096.00. Following the sale, the insider now directly owns 3,946 shares of the company’s stock, valued at $204,876.32. This represents a 61.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sandip A. Kapadia sold 908 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.98, for a total transaction of $42,657.84. Following the sale, the executive vice president now directly owns 10,371 shares in the company, valued at approximately $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. Insiders have sold a total of 21,618 shares of company stock valued at $1,075,962 over the last three months. 8.01% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $49.59 on Friday. The company’s 50-day moving average is $47.54 and its 200 day moving average is $46.41. The company has a market capitalization of $1.99 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $33.27 and a fifty-two week high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $304.40 million for 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%. As a group, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

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.