Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 82.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,919 shares of the company's stock after selling 72,541 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Skyward Specialty Insurance Group were worth $814,000 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. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Skyward Specialty Insurance Group by 22.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,222 shares of the company's stock worth $420,000 after acquiring an additional 1,495 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter worth about $27,000. Kirr Marbach & Co. LLC IN increased its position in shares of Skyward Specialty Insurance Group by 76.2% during the fourth quarter. Kirr Marbach & Co. LLC IN now owns 8,786 shares of the company's stock worth $449,000 after acquiring an additional 3,800 shares in the last quarter. CWM LLC increased its position in shares of Skyward Specialty Insurance Group by 19.4% during the fourth quarter. CWM LLC now owns 2,013 shares of the company's stock worth $103,000 after acquiring an additional 327 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Skyward Specialty Insurance Group by 504.3% during the fourth quarter. State of Alaska Department of Revenue now owns 11,336 shares of the company's stock worth $578,000 after acquiring an additional 9,460 shares in the last quarter. 94.83% of the stock is owned by institutional investors.
Skyward Specialty Insurance Group Stock Performance
Skyward Specialty Insurance Group stock opened at $45.44 on Monday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $65.05. The stock has a market cap of $2.02 billion, a PE ratio of 11.16 and a beta of 0.54. The firm's 50-day simple moving average is $45.28 and its 200 day simple moving average is $46.55.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The business had revenue of $385.59 million for the quarter, compared to analysts' expectations of $380.86 million. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.69 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
SKWD has been the subject of several recent research reports. Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, March 19th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a "moderate buy" rating to a "strong-buy" rating in a research report on Friday, March 13th. Zacks Research cut shares of Skyward Specialty Insurance Group from a "strong-buy" rating to a "hold" rating in a report on Monday, February 9th. Piper Sandler cut their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. Finally, Wall Street Zen cut shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $65.89.
Get Our Latest Research Report on Skyward Specialty Insurance Group
Insider Buying and Selling at Skyward Specialty Insurance Group
In related news, Director Christopher Locke Peirce bought 3,200 shares of the company's stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the completion of the purchase, the director directly owned 3,200 shares in the company, valued at $151,360. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew S. Robinson bought 22,100 shares of the company's stock in a transaction on Friday, February 27th. The stock was bought at an average price of $46.76 per share, for a total transaction of $1,033,396.00. Following the completion of the purchase, the chief executive officer owned 167,674 shares of the company's stock, valued at approximately $7,840,436.24. The trade was a 15.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 30,500 shares of company stock worth $1,433,546 over the last three months. 8.52% of the stock is currently owned by insiders.
Skyward Specialty Insurance Group Profile
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Free Report)
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.
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