Arrowstreet Capital Limited Partnership Has $1.47 Million Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Arrowstreet Capital Limited Partnership increased its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 143.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,022 shares of the company's stock after purchasing an additional 17,101 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.07% of Skyward Specialty Insurance Group worth $1,467,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. American Century Companies Inc. grew its holdings in Skyward Specialty Insurance Group by 54.0% during the 4th quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock worth $79,744,000 after acquiring an additional 553,389 shares during the period. WCM Investment Management LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $18,084,000. Swedbank AB acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter worth $15,164,000. Franklin Resources Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company's stock worth $45,506,000 after acquiring an additional 158,679 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Skyward Specialty Insurance Group during the 4th quarter worth approximately $6,594,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Skyward Specialty Insurance Group Trading Up 1.1 %

NASDAQ:SKWD traded up $0.57 on Thursday, hitting $54.67. The company's stock had a trading volume of 31,917 shares, compared to its average volume of 378,843. Skyward Specialty Insurance Group, Inc. has a one year low of $33.27 and a one year high of $55.62. The stock has a fifty day moving average of $50.88 and a two-hundred day moving average of $48.72. The firm has a market capitalization of $2.20 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $304.40 million during the quarter, compared to the consensus estimate of $295.56 million. As a group, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Barclays increased their target price on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JMP Securities reaffirmed a "market outperform" rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Finally, Truist Financial increased their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Insider Buying and Selling

In other news, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the transaction, the insider now owns 3,946 shares of the company's stock, valued at approximately $204,876.32. This represents a 61.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John A. Burkhart III sold 4,832 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.24, for a total value of $242,759.68. Following the sale, the insider now directly owns 17,655 shares of the company's stock, valued at approximately $886,987.20. The trade was a 21.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,132 shares of company stock valued at $620,476. Company insiders own 7.86% of the company's stock.

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.