Wasatch Advisors LP Has $11.90 Million Stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Wasatch Advisors LP grew its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,175 shares of the company's stock after purchasing an additional 15,681 shares during the period. Wasatch Advisors LP owned about 0.73% of Skyward Specialty Insurance Group worth $11,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Skyward Specialty Insurance Group in the second quarter valued at about $10,152,000. Dimensional Fund Advisors LP acquired a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at approximately $8,151,000. Vanguard Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 11.3% in the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company's stock worth $76,458,000 after acquiring an additional 207,744 shares during the period. Mutual of America Capital Management LLC acquired a new stake in shares of Skyward Specialty Insurance Group during the 2nd quarter worth approximately $6,568,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Skyward Specialty Insurance Group by 78.4% during the third quarter. Rockefeller Capital Management L.P. now owns 304,500 shares of the company's stock valued at $12,402,000 after purchasing an additional 133,855 shares during the period. Institutional investors own 94.83% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SKWD shares. William Blair initiated coverage on Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an "outperform" rating for the company. Barclays raised their price objective on shares of 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. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Raymond James increased their price target on shares of 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 shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a "buy" rating in a research note 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $46.89.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD traded up $0.41 during mid-day trading on Friday, hitting $54.11. 153,468 shares of the stock were exchanged, compared to its average volume of 260,572. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $54.86. The stock's fifty day simple moving average is $46.43 and its two-hundred day simple moving average is $40.70. The company has a market cap of $2.17 billion, a P/E ratio of 16.50, a PEG ratio of 0.98 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $292.43 million. During the same period in the prior year, the company earned $0.65 EPS. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

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.