Skyward Specialty Insurance Group, Inc. $SKWD Shares Newly Acquired by Ellsworth Advisors LLC

Ellsworth Advisors LLC acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,528 shares of the company’s stock, valued at approximately $820,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in Skyward Specialty Insurance Group during the second quarter worth about $214,576,000. Reinhart Partners LLC. raised its stake in Skyward Specialty Insurance Group by 4.1% in the second quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company’s stock valued at $168,889,000 after buying an additional 113,623 shares during the period. Wasatch Advisors LP lifted its position in shares of Skyward Specialty Insurance Group by 198.5% in the second quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock valued at $55,694,000 after buying an additional 634,708 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Skyward Specialty Insurance Group by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 854,789 shares of the company’s stock valued at $37,337,000 after buying an additional 36,997 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Skyward Specialty Insurance Group by 24.6% during the 1st quarter. Royal Bank of Canada now owns 504,858 shares of the company’s stock worth $22,052,000 after acquiring an additional 99,786 shares during the period. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Stock Up 1.4%

Shares of NASDAQ:SKWD opened at $60.18 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.69. The stock has a market cap of $2.67 billion, a PE ratio of 14.03 and a beta of 0.37. The business has a 50 day moving average of $57.38 and a 200-day moving average of $53.30.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.17 by $0.13. The company had revenue of $489.53 million for the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%. Equities research analysts expect that Skyward Specialty Insurance Group, Inc. will post 5.00 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays increased their price target on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Monday. Piper Sandler reissued an “overweight” rating on shares of Skyward Specialty Insurance Group in a research report on Monday, August 24th. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.11.

Skyward Specialty Insurance Group Profile

Skyward Specialty Insurance Group, Inc is a specialty property and casualty insurance company headquartered in Houston, Texas. Through its insurance subsidiaries, the company provides customized coverage for businesses and other commercial policyholders, focusing on risks that may require specialized underwriting and claims expertise.

Its products and programs include commercial property and casualty insurance, workers’ compensation, commercial auto, general and professional liability, excess and surplus lines, healthcare-related coverage, surety, and other specialty insurance solutions.