Legato Capital Management LLC Has $379,000 Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Legato Capital Management LLC decreased its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 24.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,505 shares of the company’s stock after selling 2,475 shares during the period. Legato Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of Skyward Specialty Insurance Group in the third quarter worth $41,000. Quarry LP lifted its stake in Skyward Specialty Insurance Group by 176.9% in 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. ORG Wealth Partners LLC acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $61,000. CWM LLC grew its stake in Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after acquiring an additional 4,003 shares in the last quarter. Finally, Kirr Marbach & Co. LLC IN acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $252,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 546 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $46.85, for a total transaction of $25,580.10. Following the completion of the sale, the insider now owns 10,246 shares in the company, valued at $480,025.10. This represents a 5.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Charles Hays sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total value 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 trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,318 shares of company stock worth $2,098,866 over the last 90 days. Insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $49.86 on Friday. The business’s 50-day simple moving average is $47.59 and its 200-day simple moving average is $45.12. Skyward Specialty Insurance Group, Inc. has a 52 week low of $32.08 and a 52 week high of $55.62. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 15.20, a P/E/G ratio of 0.81 and a beta of 0.83.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SKWD. Raymond James raised their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Piper Sandler lowered their price target on shares of Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. TD Cowen initiated coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.44.

Skyward Specialty Insurance Group Company 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.