Victory Capital Management Inc. Grows Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Victory Capital Management Inc. lifted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 743,073 shares of the company's stock after buying an additional 84,623 shares during the period. Victory Capital Management Inc. owned approximately 1.85% of Skyward Specialty Insurance Group worth $30,265,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Chartwell Investment Partners LLC boosted its position in Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock worth $1,549,000 after purchasing an additional 306 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 49.8% in the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company's stock worth $4,240,000 after buying an additional 34,612 shares in the last quarter. Callahan Advisors LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 8.6% during the 3rd quarter. Callahan Advisors LLC now owns 50,254 shares of the company's stock valued at $2,047,000 after purchasing an additional 3,988 shares during the last quarter. Emerald Advisers LLC boosted its stake in Skyward Specialty Insurance Group by 3.4% during the third quarter. Emerald Advisers LLC now owns 874,581 shares of the company's stock valued at $35,622,000 after buying an additional 28,618 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in shares of Skyward Specialty Insurance Group in the third quarter valued at $41,000. Hedge funds and other institutional investors own 94.83% of the company's stock.

Skyward Specialty Insurance Group Trading Up 0.1 %

NASDAQ:SKWD opened at $49.79 on Friday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $29.40 and a 12 month high of $50.53. The firm has a fifty day simple moving average of $43.88 and a 200-day simple moving average of $39.60. The company has a market capitalization of $2.00 billion, a P/E ratio of 15.18, a PEG ratio of 0.90 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 for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $292.43 million. During the same quarter last year, the business posted $0.65 EPS. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Raymond James boosted their price objective on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, November 5th. 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. Jefferies Financial Group lifted their target price on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an "outperform" rating in a research report on Monday, August 12th. Finally, Barclays upped their price objective on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Three 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 company. According to data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of "Moderate Buy" and an average target price of $46.89.

About Skyward Specialty Insurance Group

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.