Teacher Retirement System of Texas Has $7.20 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Teacher Retirement System of Texas lifted its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 432.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,421 shares of the company's stock after purchasing an additional 115,674 shares during the period. Teacher Retirement System of Texas owned about 0.36% of Skyward Specialty Insurance Group worth $7,198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP increased its holdings in shares of Skyward Specialty Insurance Group by 176.9% in the third quarter. Quarry LP now owns 1,376 shares of the company's stock valued at $56,000 after buying an additional 879 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $61,000. Pinnacle Financial Partners Inc purchased a new position in Skyward Specialty Insurance Group in the 4th quarter worth about $220,000. Ashton Thomas Private Wealth LLC acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter worth about $230,000. Finally, Kirr Marbach & Co. LLC IN acquired a new position in shares of Skyward Specialty Insurance Group in the fourth quarter worth about $252,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Trading Down 1.2 %

Skyward Specialty Insurance Group stock traded down $0.64 during mid-day trading on Thursday, hitting $53.16. 324,200 shares of the company's stock were exchanged, compared to its average volume of 352,984. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The stock has a 50 day moving average of $48.40 and a two-hundred day moving average of $47.42. The stock has a market cap of $2.13 billion, a P/E ratio of 16.21, a P/E/G ratio of 0.81 and a beta of 0.67.

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Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The firm had revenue of $304.40 million during the quarter, compared to analyst estimates of $295.56 million. As a group, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Sandip A. Kapadia sold 908 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.98, for a total value of $42,657.84. Following the sale, the executive vice president now owns 10,371 shares in the company, valued at approximately $487,229.58. This trade represents a 8.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thomas N. Schmitt sold 546 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.85, for a total transaction of $25,580.10. Following the completion of the sale, the insider now directly owns 10,246 shares of the company's stock, valued at approximately $480,025.10. This trade represents a 5.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,450 shares of company stock worth $1,369,342 in the last quarter. 8.01% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SKWD. Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wolfe Research restated a "peer perform" rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Piper Sandler decreased their price objective on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. TD Cowen started coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They issued a "hold" rating and a $43.00 price target for the company. Finally, Barclays raised shares of Skyward Specialty Insurance Group from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $53.00 to $63.00 in a research report on Friday, March 14th. 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $56.25.

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.