Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) Shares Bought by Amalgamated Bank

Amalgamated Bank increased its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 27.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,285 shares of the company’s stock after purchasing an additional 279 shares during the period. Amalgamated Bank’s holdings in Skyward Specialty Insurance Group were worth $46,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in Skyward Specialty Insurance Group during the 1st quarter worth $1,672,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Skyward Specialty Insurance Group by 19.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 464,667 shares of the company’s stock worth $17,383,000 after buying an additional 75,137 shares during the period. Swiss National Bank lifted its position in shares of Skyward Specialty Insurance Group by 111.5% in the 1st quarter. Swiss National Bank now owns 55,000 shares of the company’s stock valued at $2,058,000 after acquiring an additional 29,000 shares in the last quarter. Capstone Investment Advisors LLC boosted its stake in Skyward Specialty Insurance Group by 68.3% in the 1st quarter. Capstone Investment Advisors LLC now owns 107,796 shares of the company’s stock worth $4,033,000 after purchasing an additional 43,739 shares during the period. Finally, American Century Companies Inc. grew its position in Skyward Specialty Insurance Group by 9.2% during the 2nd quarter. American Century Companies Inc. now owns 919,548 shares of the company’s stock worth $33,269,000 after purchasing an additional 77,354 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SKWD has been the subject of a number of research analyst reports. Truist Financial restated a “buy” rating and issued a $49.00 target price (up previously from $47.00) on shares of Skyward Specialty Insurance Group in a report on Wednesday, August 7th. Barclays began coverage on shares of Skyward Specialty Insurance Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $44.00 target price on the stock. William Blair began coverage on shares of Skyward Specialty Insurance Group in a report on Monday, August 19th. They set an “outperform” rating for the company. JMP Securities boosted their price objective on Skyward Specialty Insurance Group from $47.00 to $50.00 and gave the company a “market outperform” rating in a research report on Tuesday, August 6th. Finally, Oppenheimer began coverage on Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating for the company. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.78.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, Director Katharine Terry sold 1,653 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $36.87, for a total value 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 0.5 %

Shares of SKWD opened at $40.94 on Wednesday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $26.81 and a twelve month high of $42.26. The stock has a market capitalization of $1.64 billion, a P/E ratio of 15.05, a P/E/G ratio of 0.77 and a beta of 0.60. The company has a 50 day moving average of $39.28 and a 200-day moving average of $37.46.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. The company had revenue of $279.94 million during the quarter, compared to the consensus estimate of $282.70 million. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. During the same period in the prior year, the business posted $0.42 EPS. On average, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.96 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.