Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 53.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,602 shares of the company’s stock after buying an additional 3,707 shares during the period. New York State Common Retirement Fund’s holdings in Skyward Specialty Insurance Group were worth $359,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SKWD. Vanguard Group Inc. grew its position in Skyward Specialty Insurance Group by 109.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,512,787 shares of the company’s stock worth $41,390,000 after purchasing an additional 790,826 shares in the last quarter. Jennison Associates LLC grew its position in Skyward Specialty Insurance Group by 35.2% during the third quarter. Jennison Associates LLC now owns 1,356,301 shares of the company’s stock valued at $37,108,000 after purchasing an additional 352,971 shares in the last quarter. American Century Companies Inc. lifted its position in Skyward Specialty Insurance Group by 10.3% in the 3rd quarter. American Century Companies Inc. now owns 587,687 shares of the company’s stock worth $16,079,000 after buying an additional 54,945 shares in the last quarter. Peregrine Capital Management LLC grew its holdings in shares of Skyward Specialty Insurance Group by 27.4% during the 4th quarter. Peregrine Capital Management LLC now owns 520,485 shares of the company’s stock valued at $17,634,000 after acquiring an additional 112,081 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Skyward Specialty Insurance Group by 312.5% in the 4th quarter. Federated Hermes Inc. now owns 412,382 shares of the company’s stock worth $13,972,000 after purchasing an additional 312,413 shares during the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 12,109 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $35.56, for a total value of $430,596.04. Following the sale, the chief executive officer now owns 74,533 shares of the company’s stock, valued at approximately $2,650,393.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Skyward Specialty Insurance Group news, CEO Andrew S. Robinson sold 12,109 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $35.56, for a total transaction of $430,596.04. Following the sale, the chief executive officer now directly owns 74,533 shares of the company’s stock, valued at $2,650,393.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mark W. Haushill sold 25,000 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $35.58, for a total value of $889,500.00. Following the completion of the transaction, the chief financial officer now directly owns 236,688 shares of the company’s stock, valued at $8,421,359.04. The disclosure for this sale can be found here. Insiders sold a total of 5,194,167 shares of company stock valued at $189,534,784 over the last ninety days. 8.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SKWD has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods boosted their target price on Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. BMO Capital Markets lifted their price target on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a research report on Monday, February 26th. Piper Sandler raised their target price on shares of Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, JMP Securities boosted their target price on shares of Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a “market outperform” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $42.50.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD opened at $36.37 on Thursday. The company has a 50-day simple moving average of $36.41 and a 200-day simple moving average of $33.83. Skyward Specialty Insurance Group, Inc. has a 52 week low of $21.93 and a 52 week high of $38.64. The firm has a market capitalization of $1.45 billion, a P/E ratio of 13.37 and a beta of 0.68.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. Skyward Specialty Insurance Group had a return on equity of 15.98% and a net margin of 11.16%. The firm had revenue of $264.97 million during the quarter, compared to analysts’ expectations of $251.66 million. During the same quarter in the prior year, the firm posted $0.42 EPS. As a group, equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 2.78 earnings per share for the current year.

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.