US Bancorp DE Buys 11,167 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

US Bancorp DE lifted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDFree Report) by 62.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,928 shares of the company’s stock after acquiring an additional 11,167 shares during the quarter. US Bancorp DE owned approximately 0.08% of Skyward Specialty Insurance Group worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SKWD. Amalgamated Bank boosted its holdings in Skyward Specialty Insurance Group by 90.9% during the third quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock worth $63,000 after purchasing an additional 1,095 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Skyward Specialty Insurance Group by 54.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,362 shares of the company’s stock worth $114,000 after buying an additional 1,186 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Skyward Specialty Insurance Group in the fourth quarter valued at approximately $161,000. Adalta Capital Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the third quarter valued at approximately $137,000. Finally, New York State Common Retirement Fund lifted its holdings in Skyward Specialty Insurance Group by 82.2% during the third quarter. New York State Common Retirement Fund now owns 6,895 shares of the company’s stock worth $189,000 after acquiring an additional 3,110 shares during the period. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 0.5 %

Shares of SKWD stock opened at $37.52 on Tuesday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $21.93 and a 12 month high of $38.64. The stock has a market capitalization of $1.50 billion, a P/E ratio of 13.79 and a beta of 0.69. The firm’s 50 day moving average is $36.55 and its 200 day moving average is $34.49.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $264.97 million during the quarter, compared to analyst estimates of $251.66 million. Skyward Specialty Insurance Group had a return on equity of 15.98% and a net margin of 11.16%. During the same period last year, the company earned $0.42 earnings per share. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SKWD. JMP Securities raised their target price on Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the company a “market outperform” rating in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price objective on shares of Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the stock a “market perform” rating in a research report on Monday, February 26th. Truist Financial increased their target price on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods lifted their price target on shares of Skyward Specialty Insurance Group from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Finally, Piper Sandler increased their price objective on Skyward Specialty Insurance Group from $43.00 to $46.00 and gave the company an “overweight” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $42.50.

Read Our Latest Stock Report on SKWD

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, CEO Andrew S. Robinson sold 23,533 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $37.21, for a total value of $875,662.93. Following the completion of the transaction, the chief executive officer now directly owns 83,154 shares in the company, valued at $3,094,160.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Skyward Specialty Insurance Group news, major shareholder Corp Westaim sold 5,060,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $36.50, for a total value of $184,690,000.00. Following the transaction, the insider now directly owns 1,919,639 shares in the company, valued at approximately $70,066,823.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew S. Robinson sold 23,533 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $37.21, for a total value of $875,662.93. Following the completion of the sale, the chief executive officer now directly owns 83,154 shares in the company, valued at approximately $3,094,160.34. The disclosure for this sale can be found here. Insiders sold 5,134,167 shares of company stock valued at $187,386,684 in the last quarter. 8.01% of the stock is currently owned by corporate insiders.

Skyward Specialty Insurance Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Skyward Specialty Insurance Group (NASDAQ:SKWD)

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