Wasatch Advisors LP Purchases 15,681 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Wasatch Advisors LP raised its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 292,175 shares of the company’s stock after purchasing an additional 15,681 shares during the period. Wasatch Advisors LP owned about 0.73% of Skyward Specialty Insurance Group worth $11,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in SKWD. Arcadia Investment Management Corp MI bought a new position in shares of Skyward Specialty Insurance Group in the 3rd quarter worth $41,000. Amalgamated Bank raised its position in shares of Skyward Specialty Insurance Group by 27.7% in the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after acquiring an additional 279 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter worth $160,000. CWM LLC grew its stake in Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after buying an additional 4,003 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Skyward Specialty Insurance Group by 67.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock worth $204,000 after buying an additional 2,270 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $54.11 on Friday. The business’s 50-day simple moving average is $46.43 and its two-hundred day simple moving average is $40.67. The company has a market cap of $2.17 billion, a PE ratio of 16.50, a PEG ratio of 0.98 and a beta of 0.53. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $29.40 and a fifty-two week high of $54.86.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 EPS 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 firm had revenue of $300.89 million for the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SKWD. Truist Financial restated a “buy” rating and set a $49.00 target price (up from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. William Blair began coverage on Skyward Specialty Insurance Group in a research note on Monday, August 19th. They set an “outperform” rating on the stock. JMP Securities boosted their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Barclays boosted their target price on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their target price on 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $46.89.

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.