Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P cut its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,103 shares of the company's stock after selling 14,695 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.91% of Skyward Specialty Insurance Group worth $14,789,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of SKWD. Marshall Wace LLP purchased a new position in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $10,152,000. Dimensional Fund Advisors LP purchased a new position in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $8,151,000. Vanguard Group Inc. lifted its stake in Skyward Specialty Insurance Group by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company's stock worth $76,458,000 after purchasing an additional 207,744 shares in the last quarter. Mutual of America Capital Management LLC purchased a new position in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $6,568,000. Finally, Victory Capital Management Inc. lifted its stake in Skyward Specialty Insurance Group by 12.9% in the 3rd quarter. Victory Capital Management Inc. now owns 743,073 shares of the company's stock worth $30,265,000 after purchasing an additional 84,623 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Trading Up 1.8 %

Skyward Specialty Insurance Group stock traded up $0.97 during trading on Wednesday, hitting $53.70. The company had a trading volume of 207,148 shares, compared to its average volume of 353,328. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $54.28. The company's 50 day simple moving average is $45.62 and its 200-day simple moving average is $40.36. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 0.96 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share 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 firm had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter last year, the firm earned $0.65 EPS. As a group, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SKWD. Truist Financial reissued a "buy" rating and issued a $49.00 target price (up from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Piper Sandler lifted their price target on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. William Blair assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an "outperform" rating on the stock. JMP Securities lifted their price target 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. Finally, Barclays lifted their price target on shares of 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. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and an average target price of $46.89.

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.