Calamos Advisors LLC Increases Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Calamos Advisors LLC raised its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,246 shares of the company’s stock after purchasing an additional 1,995 shares during the quarter. Calamos Advisors LLC’s holdings in Skyward Specialty Insurance Group were worth $3,045,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SKWD. Principal Financial Group Inc. grew its stake in shares of Skyward Specialty Insurance Group by 49.8% in the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock valued at $4,240,000 after buying an additional 34,612 shares in the last quarter. Barclays PLC grew its position in Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock valued at $2,608,000 after acquiring an additional 47,081 shares in the last quarter. JPMorgan Chase & Co. grew its position in Skyward Specialty Insurance Group by 32.9% in the third quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock valued at $3,515,000 after acquiring an additional 21,346 shares in the last quarter. State Street Corp raised its stake in shares of Skyward Specialty Insurance Group by 10.8% during the third quarter. State Street Corp now owns 844,233 shares of the company’s stock valued at $34,386,000 after purchasing an additional 82,328 shares during the period. Finally, Navellier & Associates Inc. acquired a new position in shares of Skyward Specialty Insurance Group during the third quarter worth $1,051,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 637 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $47.81, for a total value of $30,454.97. Following the completion of the transaction, the insider now directly owns 10,792 shares in the company, valued at $515,965.52. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Charles Hays sold 25,000 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the sale, the director now owns 747,261 shares in the company, valued at $40,352,094. The trade was a 3.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 40,318 shares of company stock valued at $2,098,866 over the last 90 days. 8.01% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SKWD shares. Raymond James raised their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. JMP Securities raised their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Barclays raised their price objective on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Finally, TD Cowen initiated coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price on the stock. Four equities 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, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $48.22.

Skyward Specialty Insurance Group Trading Up 1.1 %

Shares of NASDAQ SKWD opened at $46.75 on Wednesday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 0.73 and a beta of 0.84. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $55.62. The business has a 50 day simple moving average of $48.39 and a 200-day simple moving average of $44.60.

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.