Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Purchased by Invesco Ltd.

Invesco Ltd. boosted its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 9.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,217,329 shares of the company’s stock after acquiring an additional 102,042 shares during the period. Invesco Ltd.’s holdings in Skyward Specialty Insurance Group were worth $61,524,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barclays PLC grew its stake in shares of Skyward Specialty Insurance Group by 277.7% during the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after purchasing an additional 47,081 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Skyward Specialty Insurance Group by 49.8% during the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock worth $4,240,000 after acquiring an additional 34,612 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock worth $3,515,000 after acquiring an additional 21,346 shares in the last quarter. State Street Corp lifted its stake in Skyward Specialty Insurance Group by 10.8% during the third quarter. State Street Corp now owns 844,233 shares of the company’s stock worth $34,386,000 after purchasing an additional 82,328 shares during the last quarter. Finally, Ellsworth Advisors LLC acquired a new position in Skyward Specialty Insurance Group in the fourth quarter valued at approximately $676,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SKWD has been the subject of several research analyst reports. Wolfe Research restated a “peer perform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, February 28th. Piper Sandler decreased their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Truist Financial lifted their price target on Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They issued a “hold” rating and a $43.00 target price on the stock. Finally, Barclays increased their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $57.00.

Insider Activity at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider John A. Burkhart III sold 4,832 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $50.24, for a total value of $242,759.68. Following the sale, the insider now owns 17,655 shares of the company’s stock, valued at $886,987.20. This represents a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gena L. Ashe sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.62, for a total value of $50,620.00. Following the completion of the sale, the director now directly owns 734 shares in the company, valued at approximately $37,155.08. The trade was a 57.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,132 shares of company stock valued at $620,476 in the last ninety days. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $53.93 on Tuesday. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.81 and a beta of 0.63. Skyward Specialty Insurance Group, Inc. has a 1 year low of $33.27 and a 1 year high of $55.62. The stock has a fifty day moving average price of $50.68 and a two-hundred day moving average price of $48.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $304.40 million for the quarter, compared to the consensus estimate of $295.56 million. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current 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.