Martingale Asset Management L P Has $1.71 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Martingale Asset Management L P raised its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 23.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,955 shares of the company’s stock after buying an additional 7,899 shares during the quarter. Martingale Asset Management L P’s holdings in Skyward Specialty Insurance Group were worth $1,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in 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 valued at $76,458,000 after buying an additional 207,744 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Skyward Specialty Insurance Group by 1.0% in the third quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock valued at $52,786,000 after purchasing an additional 12,484 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Skyward Specialty Insurance Group by 2.8% in the second quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock valued at $45,528,000 after purchasing an additional 34,286 shares during the last quarter. American Century Companies Inc. increased its stake in Skyward Specialty Insurance Group by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after buying an additional 77,354 shares during the last quarter. Finally, Emerald Advisers LLC increased its stake in Skyward Specialty Insurance Group by 3.4% in the 3rd 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. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Up 0.8 %

SKWD opened at $54.11 on Monday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $54.86. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.98 and a beta of 0.53. The firm has a 50-day moving average price of $46.43 and a 200-day moving average price of $40.70.

Skyward Specialty Insurance Group (NASDAQ:SKWD) 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. The business had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period in the previous year, the business earned $0.65 EPS. On average, sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SKWD has been the subject of several analyst reports. Truist Financial reiterated a “buy” rating and issued a $49.00 price objective (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Barclays raised their target price on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler raised their target price on 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. William Blair initiated coverage on shares of Skyward Specialty Insurance Group in a report on Monday, August 19th. They set an “outperform” rating for the company. Finally, Raymond James raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.89.

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.