DekaBank Deutsche Girozentrale Purchases 4,334 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

DekaBank Deutsche Girozentrale raised its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 54.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,353 shares of the company’s stock after acquiring an additional 4,334 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Skyward Specialty Insurance Group were worth $496,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SKWD. Capital International Investors lifted its holdings in Skyward Specialty Insurance Group by 48.0% in the 1st quarter. Capital International Investors now owns 2,212,423 shares of the company’s stock worth $82,767,000 after purchasing an additional 717,972 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Skyward Specialty Insurance Group by 11.3% during the first quarter. Vanguard Group Inc. now owns 2,043,773 shares of the company’s stock valued at $76,458,000 after buying an additional 207,744 shares during the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 0.3% in the first quarter. Champlain Investment Partners LLC now owns 1,405,980 shares of the company’s stock worth $52,598,000 after buying an additional 4,510 shares in the last quarter. Driehaus Capital Management LLC boosted its position in shares of Skyward Specialty Insurance Group by 2.8% during the second quarter. Driehaus Capital Management LLC now owns 1,258,383 shares of the company’s stock worth $45,528,000 after acquiring an additional 34,286 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Skyward Specialty Insurance Group by 9.2% during the second quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock valued at $33,269,000 after acquiring an additional 77,354 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Trading Down 1.2 %

Skyward Specialty Insurance Group stock opened at $43.70 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $27.56 and a 12-month high of $48.40. The firm has a 50-day moving average price of $42.39 and a 200-day moving average price of $38.72. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 0.82 and a beta of 0.53.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.06. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 17.01%. The business had revenue of $300.89 million during the quarter, compared to the consensus estimate of $292.43 million. During the same quarter last year, the firm earned $0.65 earnings per share. As a group, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.98 earnings per share for the current fiscal year.

Insider Activity at Skyward Specialty Insurance Group

In other news, Director Katharine Terry sold 1,653 shares of Skyward Specialty Insurance Group stock in a transaction on Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction of $60,946.11. Following the completion of the sale, the director now directly owns 4,001 shares in the company, valued at approximately $147,516.87. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SKWD has been the subject of several research reports. Piper Sandler increased their price objective on shares of Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Truist Financial restated a “buy” rating and set a $49.00 price target (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a report on Wednesday, August 7th. Oppenheimer began coverage on Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, August 12th. Finally, William Blair began coverage on shares of Skyward Specialty Insurance Group in a research note on Monday, August 19th. They set an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $45.22.

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.