Cwm LLC Has $168,000 Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Cwm LLC raised its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3,103.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,132 shares of the company’s stock after purchasing an additional 4,003 shares during the quarter. Cwm LLC’s holdings in Skyward Specialty Insurance Group were worth $168,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors increased its position in Skyward Specialty Insurance Group by 48.0% during the 1st 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 during the period. Vanguard Group Inc. grew its position in shares of Skyward Specialty Insurance Group by 11.3% during the 1st quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock worth $76,458,000 after buying an additional 207,744 shares during the period. Champlain Investment Partners LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 0.3% in the 1st quarter. Champlain Investment Partners LLC now owns 1,405,980 shares of the company’s stock worth $52,598,000 after purchasing an additional 4,510 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 2.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock worth $45,528,000 after purchasing an additional 34,286 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 worth $33,269,000 after purchasing an additional 77,354 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 0.5 %

SKWD stock opened at $46.60 on Thursday. The firm has a market capitalization of $1.86 billion, a PE ratio of 17.13, a PEG ratio of 0.86 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a twelve month low of $27.20 and a twelve month high of $47.14. The stock has a 50-day simple moving average of $41.27 and a two-hundred day simple moving average of $38.24.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Monday, August 5th. The company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.15. The business had revenue of $279.94 million during the quarter, compared to analyst estimates of $282.70 million. Skyward Specialty Insurance Group had a return on equity of 17.36% and a net margin of 11.52%. During the same quarter in the previous year, the firm earned $0.42 EPS. On average, equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.98 EPS for the current fiscal year.

Insider Activity

In related news, Director Katharine Terry sold 1,653 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $36.87, for a total value of $60,946.11. Following the completion of the sale, the director now owns 4,001 shares in the company, valued at $147,516.87. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 8.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SKWD shares. Truist Financial restated a “buy” rating and set a $49.00 price objective (up from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Piper Sandler raised their price objective on 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. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Tuesday, October 15th. Finally, William Blair started coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They set an “outperform” rating for the company. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.78.

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.