Rockefeller Capital Management L.P. Increases Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Rockefeller Capital Management L.P. raised its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 78.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 304,500 shares of the company’s stock after acquiring an additional 133,855 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Skyward Specialty Insurance Group were worth $12,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Skyward Specialty Insurance Group by 11.3% in the first quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock worth $76,458,000 after purchasing an additional 207,744 shares during the last quarter. Jennison Associates LLC grew its position in shares of Skyward Specialty Insurance Group by 1.0% in the 3rd quarter. Jennison Associates LLC now owns 1,296,001 shares of the company’s stock worth $52,786,000 after buying an additional 12,484 shares during the last quarter. Driehaus Capital Management LLC grew its position in shares of Skyward Specialty Insurance Group by 2.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock worth $45,528,000 after buying an additional 34,286 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Skyward Specialty Insurance Group by 9.2% during the second quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after buying an additional 77,354 shares during the period. Finally, Emerald Advisers LLC raised its holdings in shares of Skyward Specialty Insurance Group by 3.4% during the third quarter. Emerald Advisers LLC now owns 874,581 shares of the company’s stock valued at $35,622,000 after acquiring an additional 28,618 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Jefferies Financial Group boosted 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. 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. Barclays lifted their price objective on Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler raised their target price on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $46.89.

Skyward Specialty Insurance Group Trading Down 0.3 %

Shares of NASDAQ:SKWD opened at $53.97 on Tuesday. The stock has a fifty day simple moving average of $46.43 and a two-hundred day simple moving average of $40.73. Skyward Specialty Insurance Group, Inc. has a 12-month low of $29.40 and a 12-month high of $54.86. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 0.98 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $300.89 million during the quarter, compared to analyst estimates of $292.43 million. During the same quarter in the previous year, the firm earned $0.65 EPS. As a group, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

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.