10,584 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Acquired by Systematic Financial Management LP

Systematic Financial Management LP bought a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 10,584 shares of the company's stock, valued at approximately $431,000.

A number of other large investors also recently modified their holdings of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of Skyward Specialty Insurance Group during the third quarter valued at $41,000. Amalgamated Bank lifted its position in Skyward Specialty Insurance Group by 27.7% during the 2nd 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 period. Quarry LP boosted its stake in shares of Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company's stock valued at $56,000 after purchasing an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 2nd quarter worth approximately $160,000. Finally, CWM LLC raised its stake in shares of Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company's stock worth $168,000 after buying an additional 4,003 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on SKWD. William Blair initiated coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an "outperform" rating on the stock. Barclays raised their price target on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective 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 increased their target price on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Finally, Raymond James boosted their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, November 5th. Three investment 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $46.89.

Skyward Specialty Insurance Group Trading Down 1.5 %

Shares of NASDAQ:SKWD traded down $0.80 during trading on Friday, hitting $53.66. 216,155 shares of the company's stock traded hands, compared to its average volume of 253,917. Skyward Specialty Insurance Group, Inc. has a 52 week low of $29.40 and a 52 week high of $55.62. The company has a market cap of $2.15 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76. The company has a 50-day moving average price of $47.74 and a 200-day moving average price of $41.29.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $292.43 million. During the same quarter in the prior year, the business posted $0.65 EPS. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director James Charles Hays sold 25,000 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the director now owns 747,261 shares of the company's stock, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.01% of the stock is currently owned by company 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.