Dimensional Fund Advisors LP Has $26.72 Million Stock Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Dimensional Fund Advisors LP grew its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 29.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,697 shares of the company’s stock after purchasing an additional 121,636 shares during the quarter. Dimensional Fund Advisors LP owned about 1.32% of Skyward Specialty Insurance Group worth $26,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its position in Skyward Specialty Insurance Group by 277.7% during the third quarter. Barclays PLC now owns 64,032 shares of the company’s stock worth $2,608,000 after acquiring an additional 47,081 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Skyward Specialty Insurance Group by 32.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock valued at $3,515,000 after purchasing an additional 21,346 shares during the period. Ellsworth Advisors LLC bought a new position in Skyward Specialty Insurance Group during the fourth quarter worth about $676,000. Y Intercept Hong Kong Ltd acquired a new position in Skyward Specialty Insurance Group during the fourth quarter worth approximately $880,000. Finally, Franklin Resources Inc. raised its stake in Skyward Specialty Insurance Group by 16.6% in the third quarter. Franklin Resources Inc. now owns 1,117,257 shares of the company’s stock valued at $45,506,000 after buying an additional 158,679 shares during the period. Institutional investors own 94.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SKWD. Truist Financial boosted their target price on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the stock a “buy” rating in a report on Monday. Barclays raised their target price on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Piper Sandler upped their price target on shares of Skyward Specialty Insurance Group from $57.00 to $66.00 and gave the company an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods lowered their price target on shares of Skyward Specialty Insurance Group from $62.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Jefferies Financial Group cut Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $62.00 to $59.00 in a report on Friday, April 11th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.88.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider John A. Burkhart III sold 4,832 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $50.24, for a total transaction of $242,759.68. Following the completion of the transaction, the insider now directly owns 17,655 shares in the company, valued at $886,987.20. This represents a 21.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Thomas N. Schmitt sold 6,300 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $51.92, for a total transaction of $327,096.00. Following the completion of the sale, the insider now owns 3,946 shares in the company, valued at $204,876.32. This represents a 61.49 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,132 shares of company stock valued at $620,476. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $58.27 on Wednesday. The stock has a market capitalization of $2.35 billion, a P/E ratio of 17.77, a PEG ratio of 0.81 and a beta of 0.64. The stock’s fifty day moving average is $52.26 and its 200 day moving average is $49.84. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.42 and a 52 week high of $60.40.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Thursday, May 1st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.78 by $0.12. The company had revenue of $328.53 million during the quarter, compared to analysts’ expectations of $310.94 million. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. During the same period in the previous year, the company earned $0.75 EPS. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share 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.