Campbell & CO Investment Adviser LLC Purchases New Shares in Skyward Specialty Insurance Group, Inc. $SKWD

Campbell & CO Investment Adviser LLC acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,109 shares of the company’s stock, valued at approximately $237,000.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Skyward Specialty Insurance Group by 2,223.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock valued at $35,000 after acquiring an additional 578 shares during the last quarter. LRI Investments LLC lifted its stake in shares of Skyward Specialty Insurance Group by 39.4% in the 2nd quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock valued at $101,000 after purchasing an additional 496 shares during the last quarter. State of Wyoming boosted its holdings in shares of Skyward Specialty Insurance Group by 52.4% in the 1st quarter. State of Wyoming now owns 2,435 shares of the company’s stock worth $129,000 after purchasing an additional 837 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of Skyward Specialty Insurance Group during the 1st quarter valued at approximately $201,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Skyward Specialty Insurance Group during the 2nd quarter valued at approximately $212,000. 94.83% of the stock is currently owned by institutional investors.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock opened at $48.48 on Tuesday. The company has a market capitalization of $1.96 billion, a PE ratio of 14.30 and a beta of 0.57. The company has a 50 day moving average price of $47.17 and a 200-day moving average price of $52.39. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.20. The company had revenue of $382.53 million for the quarter, compared to analysts’ expectations of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on SKWD. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, October 31st. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. JMP Securities set a $75.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Thursday, October 30th. Wolfe Research raised shares of Skyward Specialty Insurance Group to an “outperform” rating in a research note on Monday, September 15th. Finally, Janney Montgomery Scott started coverage on Skyward Specialty Insurance Group in a research report on Monday, October 6th. They set a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.50.

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.