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

Ellsworth Advisors LLC purchased a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the third quarter, Holdings Channel reports. The firm purchased 15,528 shares of the company’s stock, valued at approximately $820,000.

A number of other large investors have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new position in Skyward Specialty Insurance Group in the first quarter valued at approximately $37,000. Nykredit A S bought a new position in shares of Skyward Specialty Insurance Group in the second quarter worth about $37,000. Fifth Third Bancorp acquired a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $60,000. KBC Group NV boosted its stake in shares of Skyward Specialty Insurance Group by 73.2% in the 1st quarter. KBC Group NV now owns 1,780 shares of the company’s stock valued at $78,000 after purchasing an additional 752 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Skyward Specialty Insurance Group by 632.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,074 shares of the company’s stock valued at $91,000 after purchasing an additional 1,791 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Up 1.4%

Skyward Specialty Insurance Group stock 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 firm’s fifty day moving average is $57.38 and its 200 day moving average is $53.30. The company has a market capitalization of $2.67 billion, a PE ratio of 14.03 and a beta of 0.37.

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

Analysts Set New Price Targets

SKWD has been the topic of a number of research reports. TD Cowen boosted their price objective on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Citigroup reiterated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Monday. Truist Financial lifted their target price on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Finally, Wall Street Zen lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average 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.