21,270 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Bought by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new position in Skyward Specialty Insurance Group, purchasing 21,270 shares valued at approximately $1,126,000, representing about 0.05% ownership.
• The stock price target for Skyward Specialty Insurance Group has experienced fluctuations, with Piper Sandler recently lowering their target from $69.00 to $59.00, while Keefe, Bruyette & Woods raised it from $67.00 to $72.00.
• Shares of Skyward Specialty Insurance Group opened at $50.23, down 1.8%, with a current market cap of $2.03 billion and an average target price set at $61.50.

Dynamic Technology Lab Private Ltd acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 21,270 shares of the company's stock, valued at approximately $1,126,000. Dynamic Technology Lab Private Ltd owned about 0.05% of Skyward Specialty Insurance Group as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SKWD. LRI Investments LLC purchased a new position in Skyward Specialty Insurance Group in the 1st quarter worth approximately $67,000. KBC Group NV purchased a new position in Skyward Specialty Insurance Group in the 1st quarter worth approximately $81,000. ORG Wealth Partners LLC raised its holdings in Skyward Specialty Insurance Group by 86.9% in the 1st quarter. ORG Wealth Partners LLC now owns 2,273 shares of the company's stock worth $123,000 after acquiring an additional 1,057 shares during the last quarter. State of Wyoming raised its holdings in Skyward Specialty Insurance Group by 52.4% in the 1st quarter. State of Wyoming now owns 2,435 shares of the company's stock worth $129,000 after acquiring an additional 837 shares during the last quarter. Finally, New York State Teachers Retirement System purchased a new position in Skyward Specialty Insurance Group in the 1st quarter worth approximately $179,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD traded down $1.65 during midday trading on Friday, hitting $46.07. The company had a trading volume of 637,485 shares, compared to its average volume of 442,555. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 14.49 and a beta of 0.61. Skyward Specialty Insurance Group, Inc. has a 12-month low of $38.53 and a 12-month high of $65.05. The company has a fifty day moving average of $50.35 and a two-hundred day moving average of $53.89.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.86 by $0.03. The firm had revenue of $319.90 million during the quarter, compared to analyst estimates of $324.64 million. Skyward Specialty Insurance Group had a return on equity of 16.40% and a net margin of 10.53%.During the same period in the prior year, the business posted $0.80 EPS. Research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SKWD shares. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Citigroup reiterated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Thursday, September 4th. BMO Capital Markets boosted their target price on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a "market perform" rating in a research note on Monday, September 8th. Piper Sandler decreased their target price on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an "overweight" rating for the company in a research note on Friday, August 1st. Finally, JMP Securities boosted their target price on shares of Skyward Specialty Insurance Group from $65.00 to $70.00 and gave the company a "market outperform" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $60.78.

About Skyward Specialty Insurance Group

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.