Barclays PLC Has $2.61 Million Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Barclays PLC raised its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 277.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,032 shares of the company’s stock after purchasing an additional 47,081 shares during the period. Barclays PLC owned 0.16% of Skyward Specialty Insurance Group worth $2,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC lifted its holdings in Skyward Specialty Insurance Group by 1.0% in the third quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock valued at $52,786,000 after buying an additional 12,484 shares during the period. Driehaus Capital Management LLC raised its position in shares of Skyward Specialty Insurance Group by 2.8% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock valued at $45,528,000 after acquiring an additional 34,286 shares during the last quarter. American Century Companies Inc. lifted its stake 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 valued at $33,269,000 after purchasing an additional 77,354 shares during the period. Emerald Advisers LLC boosted its position in shares of Skyward Specialty Insurance Group by 3.4% in the 3rd quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock worth $35,622,000 after purchasing an additional 28,618 shares during the last quarter. Finally, State Street Corp grew its stake in shares of 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 period. Institutional investors own 94.83% of the company’s stock.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director James Charles Hays sold 25,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total transaction of $1,350,000.00. Following the completion of the transaction, the director now directly owns 747,261 shares in the company, valued at $40,352,094. This represents a 3.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 8.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on SKWD shares. Barclays increased their target price on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Raymond James lifted their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, November 5th. Jefferies Financial Group upped their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, JMP Securities lifted their price target on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average price target of $46.89.

Skyward Specialty Insurance Group Trading Up 2.3 %

Shares of NASDAQ SKWD opened at $51.04 on Wednesday. The company has a fifty day moving average price of $49.54 and a 200 day moving average price of $42.47. The firm has a market cap of $2.05 billion, a PE ratio of 15.56, a PEG ratio of 0.95 and a beta of 0.76. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $55.62.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The company had revenue of $300.89 million during the quarter, compared to analysts’ expectations of $292.43 million. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Skyward Specialty Insurance Group 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.