AQR Capital Management LLC Sells 449 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

AQR Capital Management LLC reduced its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,078 shares of the company’s stock after selling 449 shares during the period. AQR Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $328,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capital International Investors increased its stake in shares of Skyward Specialty Insurance Group by 48.0% during the first quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock valued at $82,767,000 after purchasing an additional 717,972 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Skyward Specialty Insurance Group during the second quarter valued at approximately $10,152,000. Dimensional Fund Advisors LP bought a new position in shares of Skyward Specialty Insurance Group during the second quarter valued at approximately $8,151,000. Vanguard Group Inc. increased its stake in shares of Skyward Specialty Insurance Group by 11.3% during the first quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock valued at $76,458,000 after purchasing an additional 207,744 shares in the last quarter. Finally, Mutual of America Capital Management LLC bought a new position in shares of Skyward Specialty Insurance Group during the second quarter valued at approximately $6,568,000. 94.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Oppenheimer assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Friday, July 12th. They set a “market perform” rating for the company. William Blair assumed coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They set an “outperform” rating for the company. Piper Sandler raised their target price on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Jefferies Financial Group increased their price target on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.78.

Insider Buying and Selling

In related news, Director Katharine Terry sold 1,653 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $36.87, for a total value of $60,946.11. Following the sale, the director now owns 4,001 shares in the company, valued at approximately $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Trading Down 0.1 %

Shares of SKWD stock opened at $45.43 on Thursday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $27.12 and a 12-month high of $46.03. The firm’s 50 day moving average is $40.44 and its 200 day moving average is $38.00. The stock has a market capitalization of $1.82 billion, a P/E ratio of 16.70, a P/E/G ratio of 0.81 and a beta of 0.60.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. The company had revenue of $279.94 million for the quarter, compared to analysts’ expectations of $282.70 million. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.98 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.