Allspring Global Investments Holdings LLC Buys 269,080 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Allspring Global Investments Holdings LLC lifted its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 223.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,530 shares of the company's stock after buying an additional 269,080 shares during the quarter. Allspring Global Investments Holdings LLC owned about 1.03% of Skyward Specialty Insurance Group worth $13,197,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of Skyward Specialty Insurance Group by 390.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,032 shares of the company's stock worth $52,000 after buying an additional 1,618 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Skyward Specialty Insurance Group by 90.9% in the 3rd quarter. Amalgamated Bank now owns 2,300 shares of the company's stock valued at $63,000 after acquiring an additional 1,095 shares during the period. New York State Common Retirement Fund acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter valued at $81,000. California State Teachers Retirement System acquired a new position in shares of Skyward Specialty Insurance Group in the 1st quarter valued at $84,000. Finally, Citigroup Inc. acquired a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $87,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SKWD shares. Wolfe Research started coverage on shares of Skyward Specialty Insurance Group in a report on Thursday, January 11th. They issued an "outperform" rating and a $39.00 target price on the stock. JMP Securities lifted their target price on shares of Skyward Specialty Insurance Group from $40.00 to $42.00 and gave the company a "market outperform" rating in a report on Monday. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, April 1st. Truist Financial boosted their price objective on shares of Skyward Specialty Insurance Group from $40.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Finally, BMO Capital Markets boosted their price objective on shares of 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 analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of "Buy" and an average price target of $39.89.

Skyward Specialty Insurance Group Trading Down 0.5 %

Shares of NASDAQ:SKWD traded down $0.18 on Tuesday, reaching $35.59. 262,439 shares of the company were exchanged, compared to its average volume of 314,468. Skyward Specialty Insurance Group, Inc. has a 1-year low of $20.81 and a 1-year high of $38.64. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 15.94 and a beta of 0.45. The company has a 50-day moving average of $35.46 and a 200-day moving average of $32.67.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The company reported $0.61 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 analyst estimates of $320.34 million. During the same period in the previous year, the firm earned $0.36 EPS. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.64 earnings per share for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 35,000 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $35.96, for a total value of $1,258,600.00. Following the transaction, the chief financial officer now directly owns 261,688 shares in the company, valued at approximately $9,410,300.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Mark W. Haushill sold 35,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $35.96, for a total transaction of $1,258,600.00. Following the completion of the sale, the chief financial officer now owns 261,688 shares of the company's stock, valued at approximately $9,410,300.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew S. Robinson sold 13,407 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $35.63, for a total transaction of $477,691.41. Following the sale, the chief executive officer now directly owns 61,126 shares of the company's stock, valued at approximately $2,177,919.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 98,890 shares of company stock worth $3,533,839. Corporate insiders own 8.01% of the company's stock.

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.