Calamos Advisors LLC Sells 37,651 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) (2024)

Calamos Advisors LLC trimmed its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,664 shares of the company's stock after selling 37,651 shares during the quarter. Calamos Advisors LLC owned approximately 0.18% of Skyward Specialty Insurance Group worth $2,326,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKWD. Tower Research Capital LLC TRC raised its stake in shares of Skyward Specialty Insurance Group by 390.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the company's stock valued at $52,000 after acquiring an additional 1,618 shares during the last quarter. Amalgamated Bank increased its position in shares of Skyward Specialty Insurance Group by 90.9% during the third quarter. Amalgamated Bank now owns 2,300 shares of the company's stock worth $63,000 after buying an additional 1,095 shares during the period. New York State Common Retirement Fund acquired a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $81,000. California State Teachers Retirement System acquired a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $84,000. Finally, Citigroup Inc. acquired a new stake in shares of Skyward Specialty Insurance Group during the second quarter worth $87,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SKWD shares. Piper Sandler increased their price objective on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. Truist Financial raised their price target on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, February 22nd. Wolfe Research initiated coverage on shares of Skyward Specialty Insurance Group in a report on Thursday, January 11th. They issued an "outperform" rating and a $39.00 price target for the company. JMP Securities raised their price target on shares of Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the stock a "market outperform" rating in a report on Monday, April 15th. Finally, BMO Capital Markets raised their price target on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a "market perform" rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $39.89.

Get Our Latest Analysis on SKWD

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 12,109 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $35.56, for a total value of $430,596.04. Following the sale, the chief executive officer now owns 74,533 shares of the company's stock, valued at $2,650,393.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Mark W. Haushill sold 25,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.58, for a total value of $889,500.00. Following the completion of the transaction, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Robinson sold 12,109 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $35.56, for a total transaction of $430,596.04. Following the completion of the transaction, the chief executive officer now owns 74,533 shares of the company's stock, valued at approximately $2,650,393.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,890 shares of company stock valued at $3,533,839. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Trading Up 2.8 %

Shares of SKWD traded up $0.98 during trading hours on Friday, reaching $36.24. 255,681 shares of the stock traded hands, compared to its average volume of 269,600. The stock has a fifty day simple moving average of $35.85 and a 200 day simple moving average of $32.86. Skyward Specialty Insurance Group, Inc. has a 52 week low of $20.81 and a 52 week high of $38.64. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 16.18 and a beta of 0.45.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.56 by $0.05. The business had revenue of $321.60 million for the quarter, compared to analyst estimates of $320.34 million. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The company's revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.64 earnings per share for the current fiscal year.

About Skyward Specialty Insurance Group

(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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