Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Holdings Raised by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 66.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 154,867 shares of the company’s stock after purchasing an additional 62,080 shares during the quarter. Moody Aldrich Partners LLC owned approximately 0.39% of Skyward Specialty Insurance Group worth $6,308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. purchased a new position in shares of Skyward Specialty Insurance Group in the first quarter worth approximately $1,672,000. Allspring Global Investments Holdings LLC grew its position in Skyward Specialty Insurance Group by 19.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 464,667 shares of the company’s stock worth $17,383,000 after purchasing an additional 75,137 shares in the last quarter. Swiss National Bank raised its stake in Skyward Specialty Insurance Group by 111.5% during the 1st quarter. Swiss National Bank now owns 55,000 shares of the company’s stock valued at $2,058,000 after purchasing an additional 29,000 shares during the period. Marshall Wace LLP purchased a new stake in shares of Skyward Specialty Insurance Group in the second quarter valued at $10,152,000. Finally, Capstone Investment Advisors LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 68.3% in the first quarter. Capstone Investment Advisors LLC now owns 107,796 shares of the company’s stock valued at $4,033,000 after purchasing an additional 43,739 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on SKWD. JMP Securities reissued a “market outperform” rating and set a $50.00 price target on shares of Skyward Specialty Insurance Group in a research report on Tuesday, October 15th. Jefferies Financial Group upped their target price on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays initiated coverage on shares of Skyward Specialty Insurance Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 price target for the company. Truist Financial reiterated a “buy” rating and issued a $49.00 price objective (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Finally, Piper Sandler boosted their price target on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Three research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.78.

Skyward Specialty Insurance Group Price Performance

NASDAQ:SKWD traded up $0.76 during trading hours on Thursday, reaching $47.36. The company’s stock had a trading volume of 39,083 shares, compared to its average volume of 356,446. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a one year low of $27.56 and a one year high of $47.39. The business’s 50-day moving average is $41.47 and its 200-day moving average is $38.29.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. The company had revenue of $279.94 million during the quarter, compared to the consensus estimate of $282.70 million. During the same quarter in the prior year, the company posted $0.42 EPS. On average, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $36.87, for a total value of $60,946.11. Following the transaction, the director now owns 4,001 shares of the company’s stock, valued at $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.01% of the company’s stock.

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.