Barclays PLC Has $2.61 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Barclays PLC boosted its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 277.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,032 shares of the company's stock after buying an additional 47,081 shares during the quarter. Barclays PLC owned approximately 0.16% of Skyward Specialty Insurance Group worth $2,608,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at approximately $10,152,000. Dimensional Fund Advisors LP bought a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at $8,151,000. Mutual of America Capital Management LLC bought a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at $6,568,000. Phase 2 Partners LLC acquired a new position in Skyward Specialty Insurance Group in the third quarter worth $5,680,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Skyward Specialty Insurance Group by 78.4% during the third quarter. Rockefeller Capital Management L.P. now owns 304,500 shares of the company's stock worth $12,402,000 after purchasing an additional 133,855 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock traded up $1.16 on Wednesday, hitting $51.04. 221,142 shares of the company's stock traded hands, compared to its average volume of 345,670. The firm's 50-day moving average price is $49.66 and its two-hundred day moving average price is $42.56. The stock has a market capitalization of $2.05 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 0.95 and a beta of 0.76. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating 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 business had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. On average, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SKWD shares. Barclays lifted their price target on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an "equal weight" rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Raymond James increased their price target 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. Finally, JMP Securities boosted their price objective on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.89.

Insider Activity

In other Skyward Specialty Insurance Group news, Director James Charles Hays sold 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the sale, the director now directly owns 747,261 shares in the company, valued at approximately $40,352,094. This trade represents a 3.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 8.01% of the stock is currently owned by company insiders.

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.