Teacher Retirement System of Texas Has $7.20 Million Holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Teacher Retirement System of Texas raised its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 432.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 142,421 shares of the company’s stock after purchasing an additional 115,674 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.36% of Skyward Specialty Insurance Group worth $7,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC increased its position in Skyward Specialty Insurance Group by 277.7% during the 3rd quarter. Barclays PLC now owns 64,032 shares of the company’s stock valued at $2,608,000 after purchasing an additional 47,081 shares during the period. Principal Financial Group Inc. grew its position in shares of Skyward Specialty Insurance Group by 49.8% during the 3rd quarter. Principal Financial Group Inc. now owns 104,105 shares of the company’s stock worth $4,240,000 after buying an additional 34,612 shares during the period. JPMorgan Chase & Co. grew its position in shares of Skyward Specialty Insurance Group by 32.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 86,302 shares of the company’s stock worth $3,515,000 after buying an additional 21,346 shares during the period. State Street Corp grew its position in shares of Skyward Specialty Insurance Group by 10.8% during the 3rd quarter. State Street Corp now owns 844,233 shares of the company’s stock worth $34,386,000 after buying an additional 82,328 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Skyward Specialty Insurance Group during the 3rd quarter worth approximately $394,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a “hold” rating and a $43.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Monday, February 10th. Truist Financial raised their price objective on shares of Skyward Specialty Insurance Group from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Piper Sandler cut their target price on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on Skyward Specialty Insurance Group from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.25.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 1,630 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.06, for a total transaction of $79,967.80. Following the transaction, the chief financial officer now directly owns 176,971 shares in the company, valued at approximately $8,682,197.26. This trade represents a 0.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew S. Robinson sold 6,010 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total value of $296,713.70. Following the sale, the chief executive officer now owns 77,144 shares in the company, valued at $3,808,599.28. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,450 shares of company stock worth $1,369,342. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 0.2 %

Shares of NASDAQ:SKWD opened at $49.75 on Friday. The stock’s fifty day simple moving average is $47.85 and its two-hundred day simple moving average is $47.16. Skyward Specialty Insurance Group, Inc. has a 1-year low of $33.27 and a 1-year high of $55.62. The stock has a market cap of $2.00 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 0.81 and a beta of 0.67.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.03. Skyward Specialty Insurance Group had a return on equity of 16.39% and a net margin of 12.24%. The business had revenue of $304.40 million for the quarter, compared to analysts’ expectations of $295.56 million. On average, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share 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.