Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Purchased by Callahan Advisors LLC

Callahan Advisors LLC raised its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,254 shares of the company’s stock after purchasing an additional 3,988 shares during the quarter. Callahan Advisors LLC’s holdings in Skyward Specialty Insurance Group were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Emerald Advisers LLC increased its stake in shares of Skyward Specialty Insurance Group by 3.4% in the third quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock valued at $35,622,000 after purchasing an additional 28,618 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Skyward Specialty Insurance Group in the third quarter valued at approximately $41,000. US Bancorp DE increased its stake in shares of Skyward Specialty Insurance Group by 17.2% in the third quarter. US Bancorp DE now owns 14,129 shares of the company’s stock valued at $575,000 after purchasing an additional 2,073 shares during the period. DekaBank Deutsche Girozentrale increased its stake in shares of Skyward Specialty Insurance Group by 54.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 12,353 shares of the company’s stock valued at $496,000 after purchasing an additional 4,334 shares during the period. Finally, Moody Aldrich Partners LLC increased its stake in shares of Skyward Specialty Insurance Group by 66.9% in the third quarter. Moody Aldrich Partners LLC now owns 154,867 shares of the company’s stock valued at $6,308,000 after purchasing an additional 62,080 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ:SKWD opened at $44.35 on Wednesday. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 0.79 and a beta of 0.53. Skyward Specialty Insurance Group, Inc. has a 1-year low of $27.56 and a 1-year high of $48.40. The company has a 50 day moving average price of $42.46 and a 200 day moving average price of $38.81.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its 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 net margin of 12.24% and a return on equity of 17.01%. During the same period last year, the firm posted $0.65 earnings per share. On average, sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

SKWD has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. William Blair assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, August 19th. They issued an “outperform” rating for the company. JMP Securities increased their price objective on shares of Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Oppenheimer assumed coverage on shares of Skyward Specialty Insurance Group in a report on Friday, July 12th. They issued a “market perform” rating for the company. Finally, Truist Financial reiterated a “buy” rating and issued a $49.00 price objective (up from $47.00) on shares of Skyward Specialty Insurance Group in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.89.

Insider Buying and Selling

In related news, Director Katharine Terry sold 1,653 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $36.87, for a total transaction of $60,946.11. Following the completion of the sale, the director now directly owns 4,001 shares in the company, valued at approximately $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.01% of the stock is currently owned by insiders.

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.