Harbor Capital Advisors Inc. Has $4.16 Million Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Harbor Capital Advisors Inc. raised its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 61,250.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,528 shares of the company's stock after buying 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 hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted 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 valued at $114,990,000 after acquiring an additional 16,572 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 54.0% in the fourth quarter. American Century Companies Inc. now owns 1,577,846 shares of the company's stock valued at $79,744,000 after purchasing an additional 553,389 shares in the last quarter. Invesco Ltd. boosted its position in shares of Skyward Specialty Insurance Group by 9.1% in the fourth quarter. Invesco Ltd. now owns 1,217,329 shares of the company's stock worth $61,524,000 after buying an additional 102,042 shares during the period. Franklin Resources Inc. boosted its position in shares of Skyward Specialty Insurance Group by 4.2% in the fourth quarter. Franklin Resources Inc. now owns 1,164,620 shares of the company's stock worth $58,860,000 after buying an additional 47,363 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Skyward Specialty Insurance Group by 37.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,048,554 shares of the company's stock valued at $52,995,000 after buying an additional 283,749 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Down 2.1%

SKWD stock traded down $1.23 during mid-day trading on Friday, reaching $58.60. 305,900 shares of the stock traded hands, compared to its average volume of 368,799. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.42 and a 52 week high of $65.05. The business has a 50-day moving average of $58.10 and a two-hundred day moving average of $52.38. The firm has a market capitalization of $2.37 billion, a PE ratio of 17.87, a P/E/G ratio of 0.81 and a beta of 0.79.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, topping 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 analyst estimates of $310.94 million. During the same quarter last year, the firm earned $0.75 EPS. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. JMP Securities boosted 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 research report on Friday, May 2nd. Jefferies Financial Group downgraded shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating and cut their price target for the company from $62.00 to $59.00 in a report on Friday, April 11th. Truist Financial lifted their price objective on shares of Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, 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 research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.75.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group 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 transaction of $502,116.63. Following the completion of the sale, the chairman now owns 8,249 shares in the company, valued at approximately $502,116.63. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.01% of the stock is currently owned by company insiders.

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.