Emerald Advisers LLC Acquires 28,663 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Emerald Advisers LLC raised its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 845,963 shares of the company’s stock after acquiring an additional 28,663 shares during the period. Skyward Specialty Insurance Group makes up 1.3% of Emerald Advisers LLC’s investment portfolio, making the stock its 24th largest position. Emerald Advisers LLC owned about 2.12% of Skyward Specialty Insurance Group worth $30,607,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital International Investors raised its stake in Skyward Specialty Insurance Group by 48.0% in the first quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock valued at $82,767,000 after purchasing an additional 717,972 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $76,458,000 after buying an additional 207,744 shares in the last quarter. Champlain Investment Partners LLC raised its position in shares of Skyward Specialty Insurance Group by 0.3% during the 1st quarter. Champlain Investment Partners LLC now owns 1,405,980 shares of the company’s stock valued at $52,598,000 after buying an additional 4,510 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 13.2% during the 2nd quarter. Victory Capital Management Inc. now owns 658,450 shares of the company’s stock worth $23,823,000 after acquiring an additional 76,524 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Skyward Specialty Insurance Group by 11.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 515,774 shares of the company’s stock worth $18,661,000 after acquiring an additional 51,107 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

SKWD has been the topic of a number of research reports. Piper Sandler raised their price target on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Barclays started coverage on Skyward Specialty Insurance Group in a report on Wednesday. They set an “equal weight” rating and a $44.00 price objective on the stock. William Blair began coverage on Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an “outperform” rating for the company. Oppenheimer initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Friday, July 12th. They set a “market perform” rating on the stock. Finally, Truist Financial reissued a “buy” rating and issued a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Three equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.78.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.87, for a total value of $60,946.11. Following the completion of the sale, the director now directly owns 4,001 shares in the company, valued at approximately $147,516.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $40.82 on Friday. The firm has a 50-day simple moving average of $38.22 and a two-hundred day simple moving average of $36.90. The firm has a market cap of $1.64 billion, a P/E ratio of 15.01, a P/E/G ratio of 0.75 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $22.97 and a fifty-two week high of $41.98.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. The company had revenue of $279.94 million during the quarter, compared to analyst estimates of $282.70 million. During the same period in the previous year, the business earned $0.42 EPS. On average, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.96 EPS 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.