ORG Wealth Partners LLC Invests $61,000 in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,216 shares of the company’s stock, valued at approximately $61,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SKWD. Arcadia Investment Management Corp MI acquired a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth about $41,000. Amalgamated Bank raised its position in shares of Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after acquiring an additional 279 shares in the last quarter. Quarry LP raised its position in shares of Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock worth $56,000 after acquiring an additional 879 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group during the second quarter worth approximately $160,000. Finally, CWM LLC increased its position in Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after buying an additional 4,003 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Raymond James lifted their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, November 5th. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Barclays lifted their price target on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $47.78.

Skyward Specialty Insurance Group Stock Performance

SKWD opened at $42.51 on Friday. The business’s fifty day moving average is $50.27 and its two-hundred day moving average is $43.64. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 0.95 and a beta of 0.89. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $300.89 million during the quarter, compared to analysts’ expectations of $292.43 million. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now directly owns 747,261 shares in the company, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas N. Schmitt sold 546 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the sale, the insider now owns 10,246 shares of the company’s stock, valued at $480,025.10. This represents a 5.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,318 shares of company stock worth $2,098,866. 8.01% of the stock is currently owned by 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.