Tudor Investment Corp ET AL Has $4.93 Million Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Tudor Investment Corp ET AL increased its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1,672.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 97,512 shares of the company's stock after acquiring an additional 92,011 shares during the quarter. 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 quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in shares of Skyward Specialty Insurance Group by 756.1% in the fourth 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 period. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at about $61,000. Summit Investment Advisors Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 6.8% in the fourth 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 purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth $219,000. Finally, Pinnacle Financial Partners Inc purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at approximately $220,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SKWD has been the topic of several research reports. Barclays increased their price target 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. Wolfe Research reiterated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, February 28th. Truist Financial lifted their target price on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research note on Monday. Piper Sandler upped their price target on Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an "overweight" rating in a report on Monday. Finally, TD Cowen initiated coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a "hold" rating and a $43.00 price target for the company. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $59.88.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock traded up $0.73 during mid-day trading on Monday, hitting $59.36. The company's stock had a trading volume of 615,752 shares, compared to its average volume of 384,145. Skyward Specialty Insurance Group, Inc. has a one year low of $33.42 and a one year high of $62.14. The stock has a market cap of $2.39 billion, a PE ratio of 18.10, a P/E/G ratio of 0.81 and a beta of 0.63. The company has a 50 day moving average of $51.97 and a 200-day moving average of $49.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.12. The firm had revenue of $328.53 million for the quarter, compared to the consensus estimate of $310.94 million. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. During the same quarter in the prior year, the business earned $0.75 earnings per share. On average, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Activity

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total transaction of $242,759.68. Following the transaction, the insider now owns 17,655 shares of the company's stock, valued at $886,987.20. This trade represents a 21.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gena L. Ashe sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the transaction, the director now owns 734 shares of the company's stock, valued at approximately $37,155.08. This represents a 57.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,132 shares of company stock worth $620,476. 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.