Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Stock Holdings Increased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 0.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 336,882 shares of the company’s stock after buying an additional 1,032 shares during the period. The Manufacturers Life Insurance Company owned about 0.84% of Skyward Specialty Insurance Group worth $13,721,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SKWD. Arcadia Investment Management Corp MI bought a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth $41,000. Amalgamated Bank lifted its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after purchasing an additional 279 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $160,000. CWM LLC increased its stake in Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after purchasing an additional 4,003 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Skyward Specialty Insurance Group by 67.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock worth $204,000 after buying an additional 2,270 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SKWD. JMP Securities lifted their target price on shares of 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 boosted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Truist Financial reaffirmed a “buy” rating and issued a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. William Blair assumed coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an “outperform” rating on the stock. Finally, Barclays raised their price objective on 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.89.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $54.11 on Monday. The company has a market capitalization of $2.17 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.98 and a beta of 0.53. The business has a 50-day moving average of $46.43 and a 200-day moving average of $40.70. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $54.86.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.06. The firm 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 16.39%. During the same quarter last year, the firm earned $0.65 earnings per share. On average, equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

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.