Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lessened its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 3.9% in the third quarter, HoldingsChannel reports. The firm owned 363,103 shares of the company’s stock after selling 14,695 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Skyward Specialty Insurance Group were worth $14,789,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI purchased a new stake in shares of Skyward Specialty Insurance Group during the third quarter worth about $41,000. Amalgamated Bank boosted its position in Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after acquiring an additional 279 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $160,000. CWM LLC raised its holdings in Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after acquiring an additional 4,003 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Skyward Specialty Insurance Group during the 1st quarter worth $200,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

SKWD has been the subject of a number of recent analyst reports. William Blair started coverage on Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating for the company. Jefferies Financial Group lifted their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Raymond James increased 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 report on Tuesday, November 5th. Piper Sandler boosted 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 report on Wednesday, August 7th. Finally, JMP Securities increased 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 note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average price target of $46.89.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ SKWD opened at $52.73 on Wednesday. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $54.28. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 0.96 and a beta of 0.53. The business has a 50-day moving average of $45.35 and a 200-day moving average of $40.26.

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