Emerald Advisers LLC Purchases 28,618 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Emerald Advisers LLC grew its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 874,581 shares of the company's stock after purchasing an additional 28,618 shares during the period. Skyward Specialty Insurance Group comprises about 1.4% of Emerald Advisers LLC's portfolio, making the stock its 15th largest position. Emerald Advisers LLC owned approximately 2.18% of Skyward Specialty Insurance Group worth $35,622,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors grew 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 purchasing an additional 717,972 shares during the period. Marshall Wace LLP acquired a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at approximately $10,152,000. Dimensional Fund Advisors LP acquired a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at approximately $8,151,000. Vanguard Group Inc. increased its position in shares of Skyward Specialty Insurance Group by 11.3% during the first quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company's stock worth $76,458,000 after acquiring an additional 207,744 shares in the last quarter. Finally, Mutual of America Capital Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the second quarter worth $6,568,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SKWD. Jefferies Financial Group upped their target price 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. 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. Barclays lifted 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. Oppenheimer started coverage on Skyward Specialty Insurance Group in a research report on Friday, July 12th. They set a "market perform" rating for the company. Finally, JMP Securities raised their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $45.22.

Skyward Specialty Insurance Group Stock Performance

SKWD traded down $0.51 during trading on Friday, reaching $43.70. 259,303 shares of the stock were exchanged, compared to its average volume of 374,718. The stock's 50 day moving average price is $42.39 and its two-hundred day moving average price is $38.75. Skyward Specialty Insurance Group, Inc. has a twelve month low of $27.56 and a twelve month high of $48.40. The stock has a market cap of $1.75 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.82 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 17.01% and a net margin of 12.24%. The firm had revenue of $300.89 million for the quarter, compared to analyst estimates of $292.43 million. During the same quarter in the prior year, the company earned $0.65 earnings per share. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, Director Katharine Terry sold 1,653 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction of $60,946.11. Following the transaction, the director now owns 4,001 shares in the company, valued at $147,516.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.01% of the stock is currently owned by corporate insiders.

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.