Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 49.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,105 shares of the company's stock after buying an additional 34,612 shares during the quarter. Principal Financial Group Inc. owned 0.26% of Skyward Specialty Insurance Group worth $4,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank grew 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 valued at $46,000 after purchasing an additional 279 shares during the last quarter. Ameritas Investment Partners Inc. raised its holdings in shares of 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 acquiring an additional 579 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Skyward Specialty Insurance Group in the third quarter valued at $41,000. Arizona State Retirement System boosted its stake in shares of Skyward Specialty Insurance Group by 24.2% during the second quarter. Arizona State Retirement System now owns 9,516 shares of the company's stock valued at $344,000 after acquiring an additional 1,854 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of Skyward Specialty Insurance Group by 17.2% during the third quarter. US Bancorp DE now owns 14,129 shares of the company's stock valued at $575,000 after acquiring an additional 2,073 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Trading Up 2.8 %

NASDAQ:SKWD traded up $1.44 during mid-day trading on Friday, hitting $53.56. The company had a trading volume of 324,148 shares, compared to its average volume of 353,517. The business has a fifty day simple moving average of $45.08 and a 200-day simple moving average of $40.11. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 0.93 and a beta of 0.53. Skyward Specialty Insurance Group, Inc. has a 1 year low of $29.40 and a 1 year high of $53.67.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its 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 return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $300.89 million for the quarter, compared to the consensus estimate of $292.43 million. During the same period last year, the business posted $0.65 EPS. As a group, research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current year.

Analysts Set New Price Targets

SKWD has been the topic of several analyst reports. Truist Financial reaffirmed a "buy" rating and set a $49.00 price target (up from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. William Blair started coverage on Skyward Specialty Insurance Group in a research note on Monday, August 19th. They set an "outperform" rating on the stock. Barclays upped 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 note on Wednesday, October 30th. Raymond James lifted their price target on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a "strong-buy" rating in a report on Tuesday, November 5th. Finally, Jefferies Financial Group raised 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 report on Wednesday, October 9th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.