BNP Paribas Financial Markets Invests $1.65 Million in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

BNP Paribas Financial Markets acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 32,665 shares of the company's stock, valued at approximately $1,651,000. BNP Paribas Financial Markets owned approximately 0.08% of Skyward Specialty Insurance Group at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Skyward Specialty Insurance Group by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock worth $114,990,000 after buying an additional 16,572 shares during the period. American Century Companies Inc. increased its stake in shares of Skyward Specialty Insurance Group by 54.0% in 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 in the last quarter. Invesco Ltd. increased its stake in shares of Skyward Specialty Insurance Group by 9.1% in the 4th quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock worth $61,524,000 after acquiring an additional 102,042 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock worth $58,860,000 after acquiring an additional 47,363 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Skyward Specialty Insurance Group by 37.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company's stock worth $52,995,000 after acquiring an additional 283,749 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the sale, the director now owns 734 shares of the company's stock, valued at approximately $37,155.08. This trade represents a 57.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Kirby Hill sold 8,249 shares of Skyward Specialty Insurance Group stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.87, for a total transaction of $502,116.63. Following the completion of the sale, the chairman now directly owns 8,249 shares in the company, valued at $502,116.63. This represents a 50.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,381 shares of company stock valued at $1,122,592 in the last three months. 7.86% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD stock traded up $0.50 during mid-day trading on Friday, hitting $60.97. 264,888 shares of the stock traded hands, compared to its average volume of 374,954. The stock has a market cap of $2.46 billion, a P/E ratio of 18.59, a P/E/G ratio of 0.81 and a beta of 0.64. The stock's fifty day moving average is $55.19 and its two-hundred day moving average is $51.26. Skyward Specialty Insurance Group, Inc. has a 52-week low of $33.42 and a 52-week high of $63.76.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The company had revenue of $328.53 million during the quarter, compared to analyst estimates of $310.94 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period last year, the firm posted $0.75 EPS. As a group, equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. JMP Securities lifted their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a report on Friday, May 2nd. Jefferies Financial Group cut shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Barclays lifted 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. Finally, Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Four research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $61.13.

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.