Lisanti Capital Growth LLC Sells 44,835 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Lisanti Capital Growth LLC reduced its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 43.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,810 shares of the company's stock after selling 44,835 shares during the quarter. Lisanti Capital Growth LLC owned 0.15% of Skyward Specialty Insurance Group worth $2,395,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Swiss National Bank boosted its holdings in Skyward Specialty Insurance Group by 111.5% in the 1st quarter. Swiss National Bank now owns 55,000 shares of the company's stock worth $2,058,000 after buying an additional 29,000 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Skyward Specialty Insurance Group during the 2nd quarter worth about $10,152,000. American Century Companies Inc. grew its stake in shares of Skyward Specialty Insurance Group by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company's stock valued at $33,269,000 after purchasing an additional 77,354 shares during the period. Capital International Investors increased its position in shares of Skyward Specialty Insurance Group by 48.0% in the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company's stock valued at $82,767,000 after buying an additional 717,972 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Skyward Specialty Insurance Group by 439.4% in 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 buying an additional 58,578 shares during the last quarter. Institutional investors own 94.83% of the company's stock.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD traded up $1.31 during mid-day trading on Monday, reaching $49.82. The company's stock had a trading volume of 246,427 shares, compared to its average volume of 357,537. The stock has a market cap of $2.00 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.88 and a beta of 0.53. Skyward Specialty Insurance Group, Inc. has a 12-month low of $29.40 and a 12-month high of $50.17. The company's 50 day moving average is $42.98 and its 200 day moving average is $39.10.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.65 by $0.06. The firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. Skyward Specialty Insurance Group had a return on equity of 17.01% and a net margin of 12.24%. During the same period in the prior year, the company posted $0.65 EPS. As a group, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SKWD. Truist Financial reaffirmed a "buy" rating and set a $49.00 price objective (up from $47.00) on shares of Skyward Specialty Insurance Group in a research report on Wednesday, August 7th. Jefferies Financial Group increased their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. JMP Securities boosted 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 report on Wednesday, October 30th. William Blair assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an "outperform" rating on the stock. Finally, 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 report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of "Moderate Buy" and an average target price of $46.89.

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.