HBK Investments L P purchased a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,000 shares of the company’s stock, valued at approximately $1,094,000. HBK Investments L P owned approximately 0.13% of Skyward Specialty Insurance Group as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Jennison Associates LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $11,214,000. Markel Corp purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $1,314,000. Peregrine Capital Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $7,116,000. Russell Investments Group Ltd. purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $2,213,000. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the first quarter worth $377,000. Hedge funds and other institutional investors own 41.33% of the company’s stock.
Analyst Ratings Changes
SKWD has been the subject of a number of research reports. BMO Capital Markets upped their target price on shares of Skyward Specialty Insurance Group from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Monday, August 14th. Raymond James boosted their price target on shares of Skyward Specialty Insurance Group from $28.00 to $30.00 and gave the company a “strong-buy” rating in a research report on Tuesday, August 22nd. JMP Securities boosted their price target on shares of Skyward Specialty Insurance Group from $30.00 to $32.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 9th. Finally, Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $26.00 to $34.00 in a research report on Monday, May 15th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $28.43.
Get Our Latest Analysis on Skyward Specialty Insurance Group
Insider Buying and Selling
In other news, Director Anthony J. Kuczinski bought 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The shares were purchased at an average cost of $25.08 per share, for a total transaction of $25,080.00. Following the completion of the purchase, the director now owns 4,026 shares of the company’s stock, valued at $100,972.08. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Skyward Specialty Insurance Group news, major shareholder Corp Westaim sold 3,987,500 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $23.00, for a total value of $91,712,500.00. Following the transaction, the insider now directly owns 3,297,859 shares in the company, valued at $75,850,757. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony J. Kuczinski purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was bought at an average price of $25.08 per share, for a total transaction of $25,080.00. Following the completion of the purchase, the director now directly owns 4,026 shares of the company’s stock, valued at $100,972.08. The disclosure for this purchase can be found here. Insiders own 9.46% of the company’s stock.
Skyward Specialty Insurance Group Trading Up 0.7 %
NASDAQ SKWD traded up $0.17 during trading hours on Friday, reaching $23.86. The company had a trading volume of 327,026 shares, compared to its average volume of 394,153. Skyward Specialty Insurance Group, Inc. has a 1-year low of $17.50 and a 1-year high of $26.05. The stock has a 50-day moving average of $24.40 and a 200 day moving average of $22.87.
Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.05. The business had revenue of $210.52 million for the quarter, compared to analyst estimates of $195.82 million. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 1.73 earnings per share for the current year.
Skyward Specialty Insurance Group Profile
(Free Report)
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.
Recommended Stories
Want to see what other hedge funds are holding SKWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report).
Receive News & Ratings for Skyward Specialty Insurance Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Skyward Specialty Insurance Group and related companies with MarketBeat.com’s FREE daily email newsletter.
