34,151 Shares in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Acquired by Riverwater Partners LLC

Riverwater Partners LLC acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 34,151 shares of the company’s stock, valued at approximately $1,404,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SKWD. Amalgamated Bank grew its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the 2nd quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock valued at $46,000 after acquiring an additional 279 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Skyward Specialty Insurance Group by 24.2% in the 1st quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock worth $111,000 after purchasing an additional 579 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the 2nd quarter worth about $160,000. CWM LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock valued at $168,000 after buying an additional 4,003 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Skyward Specialty Insurance Group in the 1st quarter valued at approximately $200,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Insider Activity

In related news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction of $60,946.11. Following the sale, the director now directly owns 4,001 shares of the company’s stock, valued at $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Up 0.5 %

SKWD opened at $46.60 on Thursday. The stock’s 50 day moving average price is $41.27 and its two-hundred day moving average price is $38.24. The firm has a market capitalization of $1.86 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. Skyward Specialty Insurance Group, Inc. has a 12-month low of $27.20 and a 12-month high of $47.14.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.15. The business had revenue of $279.94 million for the quarter, compared to the consensus estimate of $282.70 million. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. During the same quarter last year, the company posted $0.42 earnings per share. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.98 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on SKWD. Jefferies Financial Group raised their price objective on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. William Blair began coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an “outperform” rating for the company. Piper Sandler upped their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Oppenheimer assumed coverage on Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Finally, Truist Financial reiterated a “buy” rating and set a $49.00 price target (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a research note on Wednesday, August 7th. Three research 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $44.78.

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.