Jennison Associates LLC Grows Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Jennison Associates LLC lifted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 1.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,296,001 shares of the company's stock after buying an additional 12,484 shares during the period. Jennison Associates LLC owned approximately 3.23% of Skyward Specialty Insurance Group worth $52,786,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Amalgamated Bank grew its position in shares of Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock worth $46,000 after purchasing an additional 279 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in shares of Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock worth $1,549,000 after purchasing an additional 306 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Skyward Specialty Insurance Group by 24.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company's stock worth $111,000 after purchasing an additional 579 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter valued at about $41,000. Finally, Arizona State Retirement System grew its position in Skyward Specialty Insurance Group by 24.2% in the second quarter. Arizona State Retirement System now owns 9,516 shares of the company's stock worth $344,000 after acquiring an additional 1,854 shares in the last quarter. Institutional investors own 94.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays boosted their target price on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Raymond James lifted their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, November 5th. Jefferies Financial Group raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. JMP Securities upped their target price on 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. Finally, William Blair initiated coverage on Skyward Specialty Insurance Group in a report on Monday, August 19th. They set an "outperform" rating for the company. Three 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, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $46.89.

Skyward Specialty Insurance Group Trading Up 1.4 %

Shares of SKWD traded up $0.75 during midday trading on Friday, reaching $52.87. 86,652 shares of the stock were exchanged, compared to its average volume of 352,471. Skyward Specialty Insurance Group, Inc. has a 52 week low of $29.40 and a 52 week high of $52.92. The company's 50 day moving average is $44.79 and its two-hundred day moving average is $40.00. The company has a market capitalization of $2.12 billion, a P/E ratio of 15.94, a PEG ratio of 0.93 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The business had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. During the same quarter in the previous year, the business posted $0.65 EPS. On average, sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current 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.