Rockefeller Capital Management L.P. Buys 133,855 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Rockefeller Capital Management L.P. lifted its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 78.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 304,500 shares of the company’s stock after purchasing an additional 133,855 shares during the quarter. Rockefeller Capital Management L.P. owned 0.76% of Skyward Specialty Insurance Group worth $12,402,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Skyward Specialty Insurance Group by 49.8% during the third quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock valued at $4,240,000 after buying an additional 34,612 shares during the period. Marshall Wace LLP bought a new stake in Skyward Specialty Insurance Group during the 2nd quarter worth approximately $10,152,000. Navellier & Associates Inc. purchased a new stake in Skyward Specialty Insurance Group in the 3rd quarter worth approximately $1,051,000. American Century Companies Inc. boosted its holdings in Skyward Specialty Insurance Group by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after purchasing an additional 77,354 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Skyward Specialty Insurance Group by 439.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 71,909 shares of the company’s stock valued at $2,691,000 after purchasing an additional 58,578 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $53.97 on Tuesday. The company has a market capitalization of $2.16 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 0.98 and a beta of 0.53. Skyward Specialty Insurance Group, Inc. has a one year low of $29.40 and a one year high of $54.86. The company’s 50 day moving average price is $46.43 and its two-hundred day moving average price is $40.73.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its 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. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The company had revenue of $300.89 million for the quarter, compared to analysts’ expectations of $292.43 million. During the same quarter last year, the company earned $0.65 EPS. On average, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.06 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. JMP Securities lifted their price target on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. William Blair began coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, August 19th. They issued an “outperform” rating on the stock. Barclays lifted their target price on shares of Skyward Specialty Insurance Group from $44.00 to $45.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Three 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $46.89.

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.