Navellier & Associates Inc. Purchases Shares of 25,804 Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Navellier & Associates Inc. bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 25,804 shares of the company's stock, valued at approximately $1,051,000. Navellier & Associates Inc. owned 0.06% of Skyward Specialty Insurance Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP purchased a new position in Skyward Specialty Insurance Group during the 2nd quarter valued at about $10,152,000. American Century Companies Inc. lifted its position in Skyward Specialty Insurance Group by 9.2% during the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company's stock valued at $33,269,000 after acquiring an additional 77,354 shares during the period. Principal Financial Group Inc. lifted its position in Skyward Specialty Insurance Group by 49.8% during the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company's stock valued at $4,240,000 after acquiring an additional 34,612 shares during the period. Capital International Investors lifted its position in Skyward Specialty Insurance Group by 48.0% during the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company's stock valued at $82,767,000 after acquiring an additional 717,972 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake 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 valued at $2,691,000 after purchasing an additional 58,578 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock traded up $1.44 during trading hours on Friday, reaching $53.56. The company had a trading volume of 324,148 shares, compared to its average volume of 353,517. The business has a fifty day moving average price of $45.08 and a 200-day moving average price of $40.11. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $53.67. The firm has a market cap of $2.15 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 0.93 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly 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. The firm had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period in the previous year, the business posted $0.65 earnings per share. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Analyst Ratings Changes

SKWD has been the subject of a number of analyst reports. JMP Securities raised their price objective on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Raymond James raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Tuesday, November 5th. Barclays raised 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. William Blair initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They set an "outperform" rating for the company. Finally, Jefferies Financial Group raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and an average price target 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.