Deutsche Bank AG Invests $2.73 Million in Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• Deutsche Bank acquired 46,796 shares of Skyward Specialty Insurance Group during the second quarter, representing an investment of approximately $2.73 million and a 0.12% stake. Institutional investors collectively own 94.83% of the company.
• Analysts remain broadly positive, with one Strong Buy, nine Buy and three Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $68.64, while Barclays and Truist recently raised their targets.
• Skyward Specialty reported quarterly EPS of $1.30, beating estimates of $1.17, alongside an 18.72% return on equity and a 10.84% net margin. Shares opened at $57.65, below their 52-week high of $65.69.

Deutsche Bank AG purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 46,796 shares of the company's stock, valued at approximately $2,731,000. Deutsche Bank AG owned about 0.12% of Skyward Specialty Insurance Group at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC bought a new position in Skyward Specialty Insurance Group in the 1st quarter valued at about $37,000. Quarry LP grew its holdings in shares of Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company's stock worth $47,000 after purchasing an additional 844 shares in the last quarter. Fifth Third Bancorp bought a new position in Skyward Specialty Insurance Group in the 1st quarter valued at about $60,000. Kestra Advisory Services LLC acquired a new position in Skyward Specialty Insurance Group during the fourth quarter valued at approximately $65,000. Finally, KBC Group NV lifted its position in shares of Skyward Specialty Insurance Group by 73.2% during the 1st quarter. KBC Group NV now owns 1,780 shares of the company's stock worth $78,000 after buying an additional 752 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SKWD. Barclays boosted their price objective on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Texas Capital raised shares of Skyward Specialty Insurance Group to a "strong-buy" rating in a research note on Tuesday, June 9th. Weiss Ratings raised Skyward Specialty Insurance Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, Truist Financial boosted their price target on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and a consensus price target of $68.64.

Skyward Specialty Insurance Group Stock Performance

NASDAQ:SKWD opened at $57.65 on Friday. Skyward Specialty Insurance Group, Inc. has a 52-week low of $40.60 and a 52-week high of $65.69. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 13.44 and a beta of 0.34. The business's fifty day moving average is $59.15 and its 200 day moving average is $50.47.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The business had revenue of $489.53 million during the quarter, compared to analysts' expectations of $706.59 million. Equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the firm's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider owned 10,353 shares of the company's stock, valued at $531,315.96. This trade represents a 44.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.52% of the company's stock.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc NASDAQ: SKWD is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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