Moody Aldrich Partners LLC Grows Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Moody Aldrich Partners LLC raised its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 66.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,867 shares of the company's stock after purchasing an additional 62,080 shares during the period. Moody Aldrich Partners LLC owned 0.39% of Skyward Specialty Insurance Group worth $6,308,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Amalgamated Bank increased its position in shares of Skyward Specialty Insurance Group by 27.7% in the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock worth $46,000 after purchasing an additional 279 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 24.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company's stock worth $111,000 after buying an additional 579 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Skyward Specialty Insurance Group by 24.2% in the 2nd quarter. Arizona State Retirement System now owns 9,516 shares of the company's stock worth $344,000 after buying an additional 1,854 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Skyward Specialty Insurance Group by 67.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company's stock valued at $204,000 after buying an additional 2,270 shares in the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Skyward Specialty Insurance Group by 26.3% during the 1st quarter. Diversified Trust Co now owns 11,775 shares of the company's stock worth $441,000 after acquiring an additional 2,450 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $36.87, for a total transaction of $60,946.11. Following the sale, the director now owns 4,001 shares of the company's stock, valued at approximately $147,516.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 8.01% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SKWD shares. Piper Sandler lifted their price target on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 7th. Jefferies Financial Group increased their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Oppenheimer began coverage on shares of Skyward Specialty Insurance Group in a research note on Friday, July 12th. They issued a "market perform" rating for the company. JMP Securities reiterated a "market outperform" rating and issued a $50.00 target price on shares of Skyward Specialty Insurance Group in a research report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an "outperform" rating in a research report on Monday, August 12th. 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.78.

Skyward Specialty Insurance Group Stock Up 3.0 %

Shares of Skyward Specialty Insurance Group stock traded up $1.40 during trading on Thursday, reaching $48.00. 361,799 shares of the stock were exchanged, compared to its average volume of 358,036. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a 1 year low of $27.56 and a 1 year high of $48.17. The stock's fifty day moving average is $41.47 and its 200 day moving average is $38.29.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. The firm had revenue of $279.94 million for the quarter, compared to analysts' expectations of $282.70 million. During the same period in the previous year, the firm earned $0.42 earnings per share. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.98 earnings per share 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.