Barclays PLC Purchases 47,081 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Barclays PLC boosted its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 277.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 64,032 shares of the company’s stock after buying an additional 47,081 shares during the quarter. Barclays PLC’s holdings in Skyward Specialty Insurance Group were worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new position in shares of Skyward Specialty Insurance Group during the 3rd quarter worth about $297,000. XTX Topco Ltd bought a new position in Skyward Specialty Insurance Group during the third quarter worth about $394,000. Two Sigma Advisers LP increased its position in Skyward Specialty Insurance Group by 15.3% during the third quarter. Two Sigma Advisers LP now owns 490,200 shares of the company’s stock worth $19,966,000 after buying an additional 65,200 shares during the last quarter. State Street Corp raised its stake in Skyward Specialty Insurance Group by 10.8% in the third quarter. State Street Corp now owns 844,233 shares of the company’s stock valued at $34,386,000 after buying an additional 82,328 shares during the period. Finally, Systematic Financial Management LP acquired a new stake in shares of Skyward Specialty Insurance Group in the third quarter valued at approximately $431,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on SKWD shares. Barclays boosted their target price on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Raymond James upped their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Finally, JMP Securities boosted their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $46.89.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $51.04 on Wednesday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $55.62. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 0.95 and a beta of 0.76. The stock has a fifty day moving average price of $49.54 and a 200-day moving average price of $42.47.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The firm had revenue of $300.89 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $0.65 earnings per share. Research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $54.00, for a total value of $1,350,000.00. Following the sale, the director now owns 747,261 shares of the company’s stock, valued at approximately $40,352,094. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.01% of the stock is currently owned by insiders.

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.