Engle Capital Management L.P. Sells 60,895 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Engle Capital Management L.P. trimmed its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 31.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,105 shares of the company’s stock after selling 60,895 shares during the period. Skyward Specialty Insurance Group makes up approximately 2.3% of Engle Capital Management L.P.’s holdings, making the stock its 18th biggest holding. Engle Capital Management L.P. owned 0.33% of Skyward Specialty Insurance Group worth $7,692,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake in Skyward Specialty Insurance Group by 2,223.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock valued at $35,000 after purchasing an additional 578 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Skyward Specialty Insurance Group by 39.4% in the 2nd quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock valued at $101,000 after buying an additional 496 shares during the period. State of Wyoming increased its position in shares of Skyward Specialty Insurance Group by 52.4% in the 1st quarter. State of Wyoming now owns 2,435 shares of the company’s stock valued at $129,000 after buying an additional 837 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter valued at $134,000. Finally, Advisors Asset Management Inc. acquired a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth $144,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SKWD shares. BMO Capital Markets boosted their target price on Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday, September 8th. Citigroup reiterated an “outperform” rating on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, December 5th. Piper Sandler raised their target price on shares of Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, December 4th. Finally, Citizens Jmp lifted their price target on shares of Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.27.

Skyward Specialty Insurance Group Stock Up 0.0%

NASDAQ:SKWD opened at $49.71 on Friday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $41.28 and a twelve month high of $65.05. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 14.66 and a beta of 0.55. The stock’s 50 day moving average price is $47.50 and its two-hundred day moving average price is $50.80.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.85 by $0.20. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.The company had revenue of $382.53 million during the quarter, compared to the consensus estimate of $334.54 million. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 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.