Two Sigma Advisers LP Has $19.97 Million Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Two Sigma Advisers LP boosted its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 15.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,200 shares of the company's stock after acquiring an additional 65,200 shares during the period. Two Sigma Advisers LP owned about 1.22% of Skyward Specialty Insurance Group worth $19,966,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new position in Skyward Specialty Insurance Group during the 3rd quarter worth $41,000. Amalgamated Bank boosted its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company's stock valued at $46,000 after acquiring an additional 279 shares during the period. Quarry LP grew its position in shares of Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company's stock worth $56,000 after acquiring an additional 879 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter worth about $160,000. Finally, CWM LLC lifted its position in Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company's stock valued at $168,000 after purchasing an additional 4,003 shares during the last quarter. Institutional investors own 94.83% of the company's stock.

Insider Buying and Selling

In related news, Director James Charles Hays sold 25,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now owns 747,261 shares in the company, valued at approximately $40,352,094. This represents a 3.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SKWD has been the topic of several analyst reports. Keefe, Bruyette & Woods raised 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 note on Monday, August 12th. Barclays increased their price objective on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. 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. Raymond James boosted their price target 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. Finally, Jefferies Financial Group raised their price target 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.89.

Skyward Specialty Insurance Group Trading Down 4.4 %

SKWD stock traded down $2.34 during trading hours on Monday, hitting $51.32. 237,383 shares of the stock traded hands, compared to its average volume of 349,261. The stock has a 50-day simple moving average of $47.74 and a 200 day simple moving average of $41.36. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $55.62. The company has a market cap of $2.06 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.97 and a beta of 0.76.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. During the same quarter last year, the firm posted $0.65 EPS. Analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current year.

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.