Skyward Specialty Insurance Group, Inc. $SKWD Stock Holdings Decreased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lowered its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 25.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 135,635 shares of the company’s stock after selling 46,949 shares during the period. Skyward Specialty Insurance Group comprises approximately 1.5% of Moody Aldrich Partners LLC’s holdings, making the stock its 9th largest position. Moody Aldrich Partners LLC owned 0.34% of Skyward Specialty Insurance Group worth $7,838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Skyward Specialty Insurance Group by 2,223.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after acquiring an additional 578 shares during the period. LRI Investments LLC bought a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at approximately $67,000. KBC Group NV purchased a new position in Skyward Specialty Insurance Group in the 1st quarter worth approximately $81,000. State of Wyoming boosted its stake in Skyward Specialty Insurance Group by 52.4% in the 1st quarter. State of Wyoming now owns 2,435 shares of the company’s stock worth $129,000 after purchasing an additional 837 shares during the period. Finally, New York State Teachers Retirement System bought a new position in Skyward Specialty Insurance Group in the 1st quarter worth approximately $179,000. 94.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SKWD. Janney Montgomery Scott began coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, October 6th. They set a “buy” rating and a $60.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Skyward Specialty Insurance Group in a research note on Wednesday, October 8th. Piper Sandler reduced their price target on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an “overweight” rating on the stock in a report on Friday, August 1st. Citigroup reiterated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Thursday. Finally, Wolfe Research raised shares of Skyward Specialty Insurance Group to an “outperform” rating in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.45.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $45.64 on Friday. The stock has a market capitalization of $1.85 billion, a PE ratio of 13.46 and a beta of 0.58. The company’s fifty day moving average is $47.63 and its 200 day moving average is $52.95. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.85 by $0.20. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.88%. The business had revenue of $606.51 million during the quarter, compared to analyst estimates of $334.54 million. During the same quarter last year, the business earned $0.71 earnings per share. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

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.