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

Callahan Advisors LLC increased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 8.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,254 shares of the company’s stock after purchasing an additional 3,988 shares during the period. Callahan Advisors LLC owned 0.13% of Skyward Specialty Insurance Group worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Emerald Advisers LLC boosted its position in Skyward Specialty Insurance Group by 3.4% during the 3rd quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock worth $35,622,000 after purchasing an additional 28,618 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group during the 3rd quarter worth $41,000. US Bancorp DE boosted its position in Skyward Specialty Insurance Group by 17.2% during the 3rd quarter. US Bancorp DE now owns 14,129 shares of the company’s stock worth $575,000 after purchasing an additional 2,073 shares during the period. DekaBank Deutsche Girozentrale boosted its position in Skyward Specialty Insurance Group by 54.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 12,353 shares of the company’s stock worth $496,000 after purchasing an additional 4,334 shares during the period. Finally, Moody Aldrich Partners LLC boosted its position in Skyward Specialty Insurance Group by 66.9% during the 3rd quarter. Moody Aldrich Partners LLC now owns 154,867 shares of the company’s stock worth $6,308,000 after purchasing an additional 62,080 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on SKWD shares. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Raymond James upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group upped their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Truist Financial reissued a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $46.89.

Insider Buying and Selling

In related news, Director Katharine Terry sold 1,653 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $36.87, for a total transaction of $60,946.11. Following the sale, the director now owns 4,001 shares in the company, valued at $147,516.87. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of Skyward Specialty Insurance Group stock opened at $44.35 on Wednesday. The firm has a market cap of $1.78 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.79 and a beta of 0.53. The firm’s 50-day simple moving average is $42.46 and its 200-day simple moving average is $38.81. Skyward Specialty Insurance Group, Inc. has a 1 year low of $27.56 and a 1 year high of $48.40.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 17.01%. During the same quarter in the prior year, the business posted $0.65 EPS. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.03 earnings per share for the current year.

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.