6,859 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Acquired by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 6,859 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKWD. Marshall Wace LLP acquired a new position in shares of Skyward Specialty Insurance Group during the second quarter worth approximately $10,152,000. Dimensional Fund Advisors LP acquired a new position in shares of Skyward Specialty Insurance Group during the second quarter worth approximately $8,151,000. Mutual of America Capital Management LLC acquired a new position in shares of Skyward Specialty Insurance Group during the second quarter worth approximately $6,568,000. Victory Capital Management Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 12.9% during the third quarter. Victory Capital Management Inc. now owns 743,073 shares of the company’s stock worth $30,265,000 after buying an additional 84,623 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 9.2% during the second quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock worth $33,269,000 after buying an additional 77,354 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $54.93 on Thursday. The firm has a market cap of $2.20 billion, a P/E ratio of 16.41, a P/E/G ratio of 0.98 and a beta of 0.76. The business’s fifty day moving average is $46.95 and its two-hundred day moving average is $40.98. Skyward Specialty Insurance Group, Inc. has a 52 week low of $29.40 and a 52 week high of $54.93.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current year.

Insider Activity

In other news, Director James Charles Hays sold 25,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the transaction, the director now owns 747,261 shares of the company’s stock, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Piper Sandler upped their price target on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Barclays boosted their price objective on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. William Blair began coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an “outperform” rating on the stock. Jefferies Financial Group boosted their price objective on 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, Keefe, Bruyette & Woods boosted their price objective on 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. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.89.

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.