Arrowstreet Capital Limited Partnership Acquires 17,101 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Arrowstreet Capital Limited Partnership boosted its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 143.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,022 shares of the company's stock after acquiring an additional 17,101 shares during the period. Arrowstreet Capital Limited Partnership owned 0.07% of Skyward Specialty Insurance Group worth $1,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $6,292,000. JPMorgan Chase & Co. boosted its holdings in shares of Skyward Specialty Insurance Group by 86.1% during the 4th quarter. JPMorgan Chase & Co. now owns 160,647 shares of the company's stock worth $8,119,000 after buying an additional 74,345 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $6,594,000. Sheets Smith Investment Management bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $813,000. Finally, Vanguard Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 2,275,235 shares of the company's stock valued at $114,990,000 after acquiring an additional 16,572 shares during the period. Institutional investors and hedge funds own 94.83% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on SKWD shares. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a "hold" rating and a $43.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and set a $60.00 price target on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Keefe, Bruyette & Woods reduced their price objective on Skyward Specialty Insurance Group from $62.00 to $57.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. Wolfe Research reaffirmed a "peer perform" rating on shares of Skyward Specialty Insurance Group in a research report on Friday, February 28th. Finally, Truist Financial lifted their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $57.00.

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Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD traded down $0.02 on Tuesday, hitting $53.91. The stock had a trading volume of 274,783 shares, compared to its average volume of 379,269. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62. The firm's fifty day simple moving average is $50.68 and its two-hundred day simple moving average is $48.64. The stock has a market cap of $2.17 billion, a P/E ratio of 16.44, a price-to-earnings-growth ratio of 0.81 and a beta of 0.63.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $304.40 million for the quarter, compared to analyst estimates of $295.56 million. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 6,300 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $51.92, for a total transaction of $327,096.00. Following the completion of the transaction, the insider now directly owns 3,946 shares of the company's stock, valued at approximately $204,876.32. This represents a 61.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gena L. Ashe sold 1,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the sale, the director now owns 734 shares in the company, valued at approximately $37,155.08. The trade was a 57.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,132 shares of company stock worth $620,476. Insiders own 8.01% of the company's stock.

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.