Strs Ohio Sells 5,600 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Strs Ohio lessened its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,089 shares of the company’s stock after selling 5,600 shares during the quarter. Strs Ohio’s holdings in Skyward Specialty Insurance Group were worth $6,940,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SKWD. Voya Investment Management LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 3,712.0% in the 1st quarter. Voya Investment Management LLC now owns 433,652 shares of the company’s stock worth $22,949,000 after acquiring an additional 422,276 shares during the last quarter. Aberdeen Group plc purchased a new position in Skyward Specialty Insurance Group in the 2nd quarter worth about $19,319,000. Nuveen LLC purchased a new position in Skyward Specialty Insurance Group in the 1st quarter worth about $14,354,000. Vanguard Group Inc. increased its stake in Skyward Specialty Insurance Group by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company’s stock worth $132,467,000 after buying an additional 227,921 shares during the period. Finally, Royce & Associates LP increased its stake in Skyward Specialty Insurance Group by 95.3% in the 1st quarter. Royce & Associates LP now owns 228,122 shares of the company’s stock worth $12,072,000 after buying an additional 111,323 shares during the period. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

NASDAQ SKWD opened at $45.59 on Monday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 13.45 and a beta of 0.57. The company’s 50-day simple moving average is $47.55 and its two-hundred day simple moving average is $52.88. Skyward Specialty Insurance Group, Inc. has a one year low of $41.28 and a one year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.20. The business had revenue of $606.51 million for the quarter, compared to the consensus estimate of $334.54 million. Skyward Specialty Insurance Group had a net margin of 10.57% and a return on equity of 17.88%. During the same quarter last year, the firm posted $0.71 EPS. Equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on SKWD shares. Janney Montgomery Scott started coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, October 6th. They issued a “buy” rating and a $60.00 price target on the stock. Wolfe Research raised shares of Skyward Specialty Insurance Group to an “outperform” rating in a research note on Monday, September 15th. JMP Securities set a $75.00 price target on shares of Skyward Specialty Insurance Group in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research note on Friday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.73.

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.