Lisanti Capital Growth LLC Cuts Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Lisanti Capital Growth LLC reduced its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 15.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,875 shares of the company’s stock after selling 22,145 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Skyward Specialty Insurance Group were worth $4,129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank increased its holdings in Skyward Specialty Insurance Group by 90.9% in the third quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock valued at $63,000 after buying an additional 1,095 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Skyward Specialty Insurance Group by 54.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,362 shares of the company’s stock worth $114,000 after purchasing an additional 1,186 shares in the last quarter. Adalta Capital Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the third quarter worth about $137,000. International Assets Investment Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $161,000. Finally, New York State Common Retirement Fund increased its stake in shares of Skyward Specialty Insurance Group by 82.2% during the third quarter. New York State Common Retirement Fund now owns 6,895 shares of the company’s stock worth $189,000 after purchasing an additional 3,110 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SKWD. JMP Securities boosted their target price on shares of Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Thursday. Piper Sandler boosted their target price on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Wolfe Research assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 11th. They set an “outperform” rating and a $39.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $40.56.

Insider Transactions at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson sold 13,374 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $35.70, for a total value of $477,451.80. Following the transaction, the chief executive officer now directly owns 96,883 shares in the company, valued at approximately $3,458,723.10. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 13,374 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $35.70, for a total transaction of $477,451.80. Following the sale, the chief executive officer now directly owns 96,883 shares in the company, valued at approximately $3,458,723.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Mark W. Haushill sold 35,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the sale, the chief financial officer now owns 261,688 shares in the company, valued at $9,410,300.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 98,890 shares of company stock worth $3,533,839. 8.01% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group Stock Up 0.1 %

NASDAQ:SKWD traded up $0.02 on Monday, hitting $37.60. The stock had a trading volume of 628,332 shares, compared to its average volume of 319,422. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 13.82 and a beta of 0.68. The company has a fifty day moving average price of $36.25 and a two-hundred day moving average price of $33.37. Skyward Specialty Insurance Group, Inc. has a 1-year low of $21.67 and a 1-year high of $38.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $264.97 million for the quarter, compared to analyst estimates of $251.66 million. Skyward Specialty Insurance Group had a net margin of 11.16% and a return on equity of 16.81%. During the same period in the previous year, the business posted $0.42 EPS. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.7 earnings per share for the current year.

Skyward Specialty Insurance Group 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.