Harbor Capital Advisors Inc. Acquires 78,400 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Harbor Capital Advisors Inc. lifted its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 61,250.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,528 shares of the company's stock after acquiring an additional 78,400 shares during the quarter. Harbor Capital Advisors Inc. owned 0.19% of Skyward Specialty Insurance Group worth $4,156,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SKWD. Summit Investment Advisors Inc. lifted its stake in Skyward Specialty Insurance Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,886 shares of the company's stock valued at $196,000 after buying an additional 247 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Skyward Specialty Insurance Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,129 shares of the company's stock worth $1,068,000 after buying an additional 748 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Skyward Specialty Insurance Group by 756.1% during the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock worth $46,000 after buying an additional 809 shares during the last quarter. Riverwater Partners LLC increased its holdings in shares of Skyward Specialty Insurance Group by 2.5% during the 4th quarter. Riverwater Partners LLC now owns 35,013 shares of the company's stock worth $1,770,000 after buying an additional 862 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Skyward Specialty Insurance Group by 12.5% in the fourth quarter. Cetera Investment Advisers now owns 9,075 shares of the company's stock valued at $459,000 after purchasing an additional 1,006 shares during the period. Hedge funds and other institutional investors own 94.83% of the company's stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Chairman Kirby Hill sold 8,249 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.87, for a total value of $502,116.63. Following the transaction, the chairman now directly owns 8,249 shares of the company's stock, valued at approximately $502,116.63. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD traded down $1.23 during trading on Friday, hitting $58.60. The company had a trading volume of 305,900 shares, compared to its average volume of 368,660. The company has a market cap of $2.37 billion, a P/E ratio of 17.87, a PEG ratio of 0.81 and a beta of 0.79. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.42 and a 52 week high of $65.05. The business's 50-day moving average is $58.10 and its 200 day moving average is $52.38.

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, beating the consensus estimate of $0.78 by $0.12. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $328.53 million for the quarter, compared to analysts' expectations of $310.94 million. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, research analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Citigroup reaffirmed an "outperform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, May 2nd. JMP Securities upped their target price on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a report on Friday, May 2nd. Finally, Jefferies Financial Group downgraded Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $62.00 to $59.00 in a research report on Friday, April 11th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $61.75.

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.