6,286 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Bought by FORA Capital LLC

FORA Capital LLC acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,286 shares of the company’s stock, valued at approximately $256,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arcadia Investment Management Corp MI acquired a new position in Skyward Specialty Insurance Group during the third quarter worth $41,000. Amalgamated Bank grew its holdings 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 period. CWM LLC grew its holdings in Skyward Specialty Insurance Group by 3,103.1% during the third quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after acquiring an additional 4,003 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Skyward Specialty Insurance Group during the second quarter worth $160,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Skyward Specialty Insurance Group by 67.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock valued at $204,000 after purchasing an additional 2,270 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 0.8 %

Shares of NASDAQ:SKWD opened at $54.11 on Friday. The business has a 50 day moving average price of $46.15 and a 200 day moving average price of $40.55. Skyward Specialty Insurance Group, Inc. has a twelve month low of $29.40 and a twelve month high of $54.86. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 0.97 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business 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 posted $0.65 EPS. Analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Wall Street Analysts Forecast Growth

SKWD has been the topic of several research reports. Raymond James upped their target price on Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, November 5th. William Blair started coverage on Skyward Specialty Insurance Group in a report on Monday, August 19th. They issued an “outperform” rating on the stock. JMP Securities raised their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Truist Financial reiterated a “buy” rating and issued a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group increased their target price on 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Skyward Specialty Insurance Group Company 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.