Universal Beteiligungs und Servicegesellschaft mbH Takes $6.05 Million Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 119,664 shares of the company's stock, valued at approximately $6,048,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.30% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Skyward Specialty Insurance Group by 35.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 85,587 shares of the company's stock worth $4,326,000 after purchasing an additional 22,313 shares in the last quarter. ProShare Advisors LLC raised its position in Skyward Specialty Insurance Group by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 10,461 shares of the company's stock valued at $529,000 after buying an additional 3,442 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in Skyward Specialty Insurance Group during the 4th quarter valued at $445,000. Man Group plc purchased a new position in Skyward Specialty Insurance Group during the 4th quarter worth $507,000. Finally, Numerai GP LLC bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth $266,000. 94.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. JMP Securities lifted their target price on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock a "market outperform" rating in a research note on Friday, May 2nd. Citigroup reiterated an "outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, May 2nd. Barclays lifted their price target on shares of Skyward Specialty Insurance Group from $63.00 to $64.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods raised their target price on Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, May 29th. Finally, Truist Financial boosted their target price on Skyward Specialty Insurance Group from $61.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.75.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Chairman Kirby Hill sold 8,249 shares of the firm's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $60.87, for a total transaction of $502,116.63. Following the sale, the chairman now owns 8,249 shares in the company, valued at approximately $502,116.63. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gena L. Ashe sold 1,000 shares of Skyward Specialty Insurance Group stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $50.62, for a total transaction of $50,620.00. Following the sale, the director now directly owns 734 shares of the company's stock, valued at $37,155.08. This represents a 57.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,081 shares of company stock valued at $795,496 in the last 90 days. Corporate insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

Skyward Specialty Insurance Group stock traded down $1.36 during midday trading on Wednesday, reaching $63.46. 280,847 shares of the stock were exchanged, compared to its average volume of 372,662. The company's fifty day moving average is $56.92 and its 200-day moving average is $51.99. Skyward Specialty Insurance Group, Inc. has a 52 week low of $33.42 and a 52 week high of $65.05. The firm has a market cap of $2.56 billion, a PE ratio of 19.35, a PEG ratio of 0.81 and a beta of 0.64.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.12. Skyward Specialty Insurance Group had a net margin of 12.24% and a return on equity of 16.39%. The firm had revenue of $328.53 million for the quarter, compared to analysts' expectations of $310.94 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Skyward Specialty Insurance Group Company 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.