American Century Companies Inc. Acquires 34,129 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

American Century Companies Inc. lifted its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 598,762 shares of the company’s stock after purchasing an additional 34,129 shares during the period. American Century Companies Inc. owned 1.48% of Skyward Specialty Insurance Group worth $34,602,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position 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 worth $35,000 after acquiring an additional 578 shares in the last quarter. LRI Investments LLC grew its stake in Skyward Specialty Insurance Group by 39.4% in the second quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock worth $101,000 after purchasing an additional 496 shares during the period. State of Wyoming raised its holdings in Skyward Specialty Insurance Group by 52.4% in the first quarter. State of Wyoming now owns 2,435 shares of the company’s stock worth $129,000 after purchasing an additional 837 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in Skyward Specialty Insurance Group during the first quarter valued at $201,000. Finally, Contravisory Investment Management Inc. purchased a new position in Skyward Specialty Insurance Group during the second quarter valued at $212,000. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Trading Up 0.0%

Shares of SKWD opened at $49.01 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 14.46 and a beta of 0.57. The business’s fifty day simple moving average is $47.37 and its two-hundred day simple moving average is $51.74. Skyward Specialty Insurance Group, Inc. has a 12 month low of $41.28 and a 12 month high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.20. The firm had revenue of $382.53 million during 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 previous year, the business earned $0.71 earnings per share. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Wall Street Analysts Forecast Growth

SKWD has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, October 31st. Zacks Research upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Citizens Jmp lifted their target price on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “market outperform” rating in a report on Thursday, October 30th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Janney Montgomery Scott assumed coverage on Skyward Specialty Insurance Group in a research report on Monday, October 6th. They set a “buy” rating and a $60.00 price objective for the company. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.50.

About Skyward Specialty Insurance Group

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.