Jennison Associates LLC Purchases 12,484 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Jennison Associates LLC lifted its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,296,001 shares of the company’s stock after purchasing an additional 12,484 shares during the period. Jennison Associates LLC’s holdings in Skyward Specialty Insurance Group were worth $52,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new stake in Skyward Specialty Insurance Group during the 3rd quarter worth approximately $41,000. Amalgamated Bank lifted its holdings in shares of Skyward Specialty Insurance Group by 27.7% during the second quarter. Amalgamated Bank now owns 1,285 shares of the company’s stock worth $46,000 after purchasing an additional 279 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of Skyward Specialty Insurance Group by 24.2% in the first 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 acquired a new stake in Skyward Specialty Insurance Group in the second quarter valued at $160,000. Finally, CWM LLC raised its position in Skyward Specialty Insurance Group by 3,103.1% during the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after purchasing an additional 4,003 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price target 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. Raymond James increased their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on shares of Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, JMP Securities boosted their target price 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. 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. According to MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average price target of $46.89.

Skyward Specialty Insurance Group Stock Up 1.6 %

Shares of SKWD opened at $52.27 on Friday. The business’s fifty day moving average is $44.79 and its 200 day moving average is $40.00. Skyward Specialty Insurance Group, Inc. has a 12-month low of $29.40 and a 12-month high of $52.73. The stock has a market cap of $2.10 billion, a P/E ratio of 15.94, a P/E/G ratio of 0.93 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 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The company had revenue of $300.89 million for 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 16.39%. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.06 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.