Sei Investments Co. Sells 3,937 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Sei Investments Co. lowered its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 2.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 176,952 shares of the company’s stock after selling 3,937 shares during the period. Sei Investments Co.’s holdings in Skyward Specialty Insurance Group were worth $6,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital International Investors grew its position in shares of Skyward Specialty Insurance Group by 48.0% during the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock valued at $82,767,000 after purchasing an additional 717,972 shares in the last quarter. Vanguard Group Inc. grew its position in Skyward Specialty Insurance Group by 11.3% during the first quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock worth $76,458,000 after buying an additional 207,744 shares in the last quarter. Champlain Investment Partners LLC increased its stake in Skyward Specialty Insurance Group by 0.3% in the 1st quarter. Champlain Investment Partners LLC now owns 1,405,980 shares of the company’s stock worth $52,598,000 after acquiring an additional 4,510 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Skyward Specialty Insurance Group by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after acquiring an additional 77,354 shares in the last quarter. Finally, Emerald Advisers LLC boosted its position in shares of Skyward Specialty Insurance Group by 3.5% during the 2nd quarter. Emerald Advisers LLC now owns 845,963 shares of the company’s stock valued at $30,607,000 after acquiring an additional 28,663 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. JMP Securities raised their price objective on shares of Skyward Specialty Insurance Group from $47.00 to $50.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. William Blair started coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating for the company. Barclays initiated coverage on Skyward Specialty Insurance Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 price target on the stock. Finally, Oppenheimer assumed coverage on Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.78.

Skyward Specialty Insurance Group Trading Down 0.6 %

NASDAQ SKWD opened at $40.73 on Tuesday. The firm has a market cap of $1.63 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.77 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a 1-year low of $26.81 and a 1-year high of $42.26. The stock has a 50-day moving average of $39.23 and a 200-day moving average of $37.43.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. The firm had revenue of $279.94 million during the quarter, compared to the consensus estimate of $282.70 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. As a group, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.96 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $36.87, for a total value of $60,946.11. Following the sale, the director now owns 4,001 shares of the company’s stock, valued at approximately $147,516.87. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.01% of the stock is currently owned by company insiders.

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.