Tudor Investment Corp ET AL Boosts Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Tudor Investment Corp ET AL grew its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1,672.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 97,512 shares of the company's stock after purchasing an additional 92,011 shares during the period. Tudor Investment Corp ET AL owned approximately 0.24% of Skyward Specialty Insurance Group worth $4,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC lifted its holdings in Skyward Specialty Insurance Group by 756.1% in the 4th quarter. Sterling Capital Management LLC now owns 916 shares of the company's stock valued at $46,000 after purchasing an additional 809 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $61,000. Summit Investment Advisors Inc. lifted its holdings in shares of 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 worth $196,000 after purchasing an additional 247 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter valued at about $219,000. Finally, Pinnacle Financial Partners Inc acquired a new stake in Skyward Specialty Insurance Group in the fourth quarter worth about $220,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Up 2.1 %

NASDAQ SKWD traded up $1.20 on Wednesday, hitting $59.47. The company's stock had a trading volume of 96,714 shares, compared to its average volume of 432,675. The company's 50-day moving average is $52.26 and its 200 day moving average is $49.84. The firm has a market cap of $2.40 billion, a PE ratio of 18.15, a PEG ratio of 0.81 and a beta of 0.64. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.42 and a 1-year high of $60.40.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $328.53 million during the quarter, compared to the consensus estimate of $310.94 million. During the same period in the prior year, the business posted $0.75 earnings per share. On average, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the completion of the sale, the director now directly owns 734 shares of the company's stock, valued at approximately $37,155.08. The trade was a 57.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas N. Schmitt sold 6,300 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $51.92, for a total value of $327,096.00. Following the completion of the transaction, the insider now owns 3,946 shares of the company's stock, valued at $204,876.32. The trade was a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,132 shares of company stock worth $620,476 over the last three months. 8.01% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler increased their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a report on Monday. Truist Financial increased their target price 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. JMP Securities raised their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company a "market outperform" rating in a research note on Friday, May 2nd. TD Cowen assumed coverage on Skyward Specialty Insurance Group in a research note on Monday, January 13th. They issued a "hold" rating and a $43.00 target price for the company. Finally, Citigroup reaffirmed an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $59.88.

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.