Teacher Retirement System of Texas Has $1.39 Million Position in Skyward Specialty Insurance Group, Inc. $SKWD

Teacher Retirement System of Texas trimmed its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 14.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,038 shares of the company’s stock after selling 4,039 shares during the period. Teacher Retirement System of Texas owned approximately 0.06% of Skyward Specialty Insurance Group worth $1,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SKWD. Voya Investment Management LLC increased its stake in Skyward Specialty Insurance Group by 3,712.0% during the first quarter. Voya Investment Management LLC now owns 433,652 shares of the company’s stock valued at $22,949,000 after acquiring an additional 422,276 shares during the period. Aberdeen Group plc bought a new position in Skyward Specialty Insurance Group during the second quarter valued at about $19,319,000. Nuveen LLC bought a new position in Skyward Specialty Insurance Group during the first quarter valued at about $14,354,000. Vanguard Group Inc. increased its stake in Skyward Specialty Insurance Group by 10.0% during the first quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company’s stock valued at $132,467,000 after acquiring an additional 227,921 shares during the period. Finally, Strs Ohio bought a new position in Skyward Specialty Insurance Group during the first quarter valued at about $6,651,000. 94.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SKWD. Wolfe Research upgraded Skyward Specialty Insurance Group to an “outperform” rating in a research note on Monday, September 15th. Wall Street Zen lowered Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Citigroup restated an “outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Thursday, October 30th. Citizens Jmp boosted their price target on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a research note on Thursday, October 30th. Finally, Zacks Research raised Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

Skyward Specialty Insurance Group Price Performance

Shares of SKWD opened at $46.83 on Thursday. The company has a market capitalization of $1.90 billion, a P/E ratio of 13.81 and a beta of 0.57. Skyward Specialty Insurance Group, Inc. has a one year low of $41.28 and a one year high of $65.05. The business’s 50 day simple moving average is $47.38 and its 200-day simple moving average is $52.70.

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