Vanguard Group Inc. Purchases 790,826 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Vanguard Group Inc. lifted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 109.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512,787 shares of the company's stock after acquiring an additional 790,826 shares during the period. Vanguard Group Inc. owned about 4.02% of Skyward Specialty Insurance Group worth $41,390,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in Skyward Specialty Insurance Group by 390.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the company's stock valued at $52,000 after buying an additional 1,618 shares during the period. Amalgamated Bank raised its stake in shares of Skyward Specialty Insurance Group by 90.9% during the 3rd quarter. Amalgamated Bank now owns 2,300 shares of the company's stock worth $63,000 after purchasing an additional 1,095 shares in the last quarter. Citigroup Inc. acquired a new stake in shares of Skyward Specialty Insurance Group during the 2nd quarter valued at about $87,000. New York State Common Retirement Fund bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $81,000. Finally, California State Teachers Retirement System acquired a new position in Skyward Specialty Insurance Group in the first quarter worth approximately $84,000. Institutional investors and hedge funds own 94.83% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group began coverage on shares of Skyward Specialty Insurance Group in a research report on Tuesday, December 12th. They issued a "buy" rating and a $40.00 target price for the company. Keefe, Bruyette & Woods increased their target price on shares of Skyward Specialty Insurance Group from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday. Piper Sandler boosted their price target on Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the stock an "overweight" rating in a research report on Monday, April 1st. Wolfe Research began coverage on Skyward Specialty Insurance Group in a research note on Thursday, January 11th. They set an "outperform" rating and a $39.00 price target for the company. Finally, BMO Capital Markets raised their price objective on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, February 26th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $39.67.

Insider Transactions at Skyward Specialty Insurance Group

In related news, CFO Mark W. Haushill sold 25,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $35.58, for a total value of $889,500.00. Following the completion of the sale, the chief financial officer now owns 236,688 shares in the company, valued at $8,421,359.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Mark W. Haushill sold 25,000 shares of the company's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.58, for a total value of $889,500.00. Following the completion of the transaction, the chief financial officer now directly owns 236,688 shares in the company, valued at $8,421,359.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Robinson sold 13,374 shares of the firm's stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $35.70, for a total value of $477,451.80. Following the completion of the transaction, the chief executive officer now directly owns 96,883 shares of the company's stock, valued at $3,458,723.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,890 shares of company stock worth $3,533,839.

Skyward Specialty Insurance Group Trading Down 2.4 %

SKWD traded down $0.92 during midday trading on Wednesday, reaching $36.66. The company's stock had a trading volume of 224,661 shares, compared to its average volume of 318,612. Skyward Specialty Insurance Group, Inc. has a twelve month low of $20.63 and a twelve month high of $38.64. The stock has a market cap of $1.47 billion, a P/E ratio of 16.34 and a beta of 0.45. The company has a fifty day simple moving average of $34.98 and a 200 day simple moving average of $32.44.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.05. Skyward Specialty Insurance Group had a net margin of 9.56% and a return on equity of 14.31%. The business had revenue of $321.60 million for the quarter, compared to the consensus estimate of $320.34 million. During the same quarter last year, the company posted $0.36 earnings per share. Skyward Specialty Insurance Group's quarterly revenue was up 21.5% on a year-over-year basis. Sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 2.63 earnings per share for the current year.

Skyward Specialty Insurance Group 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.