Martingale Asset Management L P Buys 7,899 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Martingale Asset Management L P grew its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 23.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,955 shares of the company’s stock after buying an additional 7,899 shares during the quarter. Martingale Asset Management L P owned approximately 0.10% of Skyward Specialty Insurance Group worth $1,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SKWD. Vanguard Group Inc. grew its position in Skyward Specialty Insurance Group by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock worth $76,458,000 after acquiring an additional 207,744 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Skyward Specialty Insurance Group by 439.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,909 shares of the company’s stock worth $2,691,000 after acquiring an additional 58,578 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Skyward Specialty Insurance Group by 311.2% during the 1st quarter. Janus Henderson Group PLC now owns 27,530 shares of the company’s stock worth $1,029,000 after acquiring an additional 20,835 shares during the last quarter. California State Teachers Retirement System grew its holdings in Skyward Specialty Insurance Group by 79.2% during the 1st quarter. California State Teachers Retirement System now owns 28,076 shares of the company’s stock worth $1,050,000 after acquiring an additional 12,410 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth approximately $1,601,000. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 0.8 %

Shares of NASDAQ SKWD opened at $54.11 on Monday. The firm’s 50-day moving average price is $46.43 and its 200-day moving average price is $40.70. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $54.86. The firm has a market capitalization of $2.17 billion, a P/E ratio of 16.50, a P/E/G ratio of 0.98 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $300.89 million for the quarter, compared to the consensus estimate of $292.43 million. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SKWD shares. Keefe, Bruyette & Woods boosted their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Jefferies Financial Group upped their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Raymond James upped their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. Piper Sandler upped their target price on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.89.

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.