Skyward Specialty Insurance Group, Inc. $SKWD is Moody Aldrich Partners LLC’s 9th Largest Position

Moody Aldrich Partners LLC lowered its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,635 shares of the company’s stock after selling 46,949 shares during the quarter. Skyward Specialty Insurance Group comprises about 1.5% of Moody Aldrich Partners LLC’s portfolio, making the stock its 9th largest position. Moody Aldrich Partners LLC’s holdings in Skyward Specialty Insurance Group were worth $7,838,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SKWD. Yorktown Management & Research Co Inc bought a new position in Skyward Specialty Insurance Group during the 2nd quarter valued at about $257,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Skyward Specialty Insurance Group during the second quarter valued at approximately $619,000. Oppenheimer Asset Management Inc. grew its stake in shares of Skyward Specialty Insurance Group by 10.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 5,041 shares of the company’s stock valued at $291,000 after buying an additional 480 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Skyward Specialty Insurance Group by 2,223.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock worth $35,000 after buying an additional 578 shares during the period. Finally, Alamar Capital Management LLC lifted its stake in shares of Skyward Specialty Insurance Group by 6.8% during the 2nd quarter. Alamar Capital Management LLC now owns 69,935 shares of the company’s stock worth $4,042,000 after acquiring an additional 4,455 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Analyst Ratings Changes

SKWD has been the topic of several research analyst reports. Citizens Jmp upped their price objective on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research report on Thursday. Wolfe Research upgraded shares of Skyward Specialty Insurance Group to an “outperform” rating in a report on Monday, September 15th. BMO Capital Markets raised their price target on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the stock a “market perform” rating in a research note on Monday, September 8th. Janney Montgomery Scott initiated coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, October 6th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Citigroup reaffirmed an “outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $62.45.

Skyward Specialty Insurance Group Stock Up 1.4%

NASDAQ:SKWD opened at $45.64 on Friday. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 13.46 and a beta of 0.58. Skyward Specialty Insurance Group, Inc. has a 52 week low of $41.28 and a 52 week high of $65.05. The firm has a 50 day moving average of $47.63 and a 200 day moving average of $52.95.

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