Franklin Resources Inc. Has $58.86 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Franklin Resources Inc. boosted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,164,620 shares of the company's stock after acquiring an additional 47,363 shares during the period. Franklin Resources Inc. owned about 2.90% of Skyward Specialty Insurance Group worth $58,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its position in Skyward Specialty Insurance Group by 277.7% in the third quarter. Barclays PLC now owns 64,032 shares of the company's stock valued at $2,608,000 after purchasing an additional 47,081 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 49.8% in 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 last quarter. JPMorgan Chase & Co. grew its position in shares of Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company's stock valued at $3,515,000 after buying an additional 21,346 shares during the last quarter. State Street Corp lifted its holdings in shares of Skyward Specialty Insurance Group by 10.8% in the 3rd quarter. State Street Corp now owns 844,233 shares of the company's stock worth $34,386,000 after purchasing an additional 82,328 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Skyward Specialty Insurance Group during the third quarter valued at $394,000. 94.83% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SKWD shares. Wolfe Research reissued a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Barclays upgraded Skyward Specialty Insurance Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $53.00 to $63.00 in a research report on Friday, March 14th. TD Cowen began coverage on Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a "hold" rating and a $43.00 target price on the stock. Piper Sandler reduced their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, JMP Securities reissued a "market outperform" rating and issued a $60.00 price target on shares of Skyward Specialty Insurance Group in a research note on Monday, February 10th. Three 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 MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.25.

Insider Transactions at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total transaction of $50,620.00. Following the transaction, the director now owns 734 shares of the company's stock, valued at approximately $37,155.08. This trade represents a 57.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas N. Schmitt sold 6,300 shares of the business's stock in a transaction that occurred 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 sale, the insider now directly owns 3,946 shares of the company's stock, valued at $204,876.32. This represents a 61.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,369 shares of company stock valued at $725,173. 8.01% of the stock is owned by insiders.

Skyward Specialty Insurance Group Trading Down 8.3 %

NASDAQ:SKWD traded down $4.48 on Friday, hitting $49.54. 1,009,204 shares of the company's stock traded hands, compared to its average volume of 372,527. The firm has a 50-day moving average price of $49.68 and a 200-day moving average price of $48.07. The company has a market cap of $2.00 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $295.56 million. On average, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal 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.