Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 54.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,362 shares of the company’s stock after purchasing an additional 1,186 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Skyward Specialty Insurance Group were worth $114,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Amalgamated Bank boosted its stake in Skyward Specialty Insurance Group by 90.9% during the third quarter. Amalgamated Bank now owns 2,300 shares of the company’s stock valued at $63,000 after buying an additional 1,095 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at approximately $161,000. Adalta Capital Management LLC purchased a new position in shares of Skyward Specialty Insurance Group in the third quarter valued at $137,000. New York State Common Retirement Fund increased its position in Skyward Specialty Insurance Group by 82.2% in the third quarter. New York State Common Retirement Fund now owns 6,895 shares of the company’s stock worth $189,000 after purchasing an additional 3,110 shares during the last quarter. Finally, Keybank National Association OH purchased a new stake in Skyward Specialty Insurance Group during the third quarter valued at $212,000. 94.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, CFO Mark W. Haushill sold 25,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $35.58, for a total value of $889,500.00. Following the completion of the sale, the chief financial officer now directly owns 236,688 shares in the company, valued at approximately $8,421,359.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Andrew S. Robinson sold 12,109 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $35.56, for a total value of $430,596.04. Following the completion of the transaction, the chief executive officer now owns 74,533 shares of the company’s stock, valued at $2,650,393.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark W. Haushill sold 25,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $35.58, for a total value of $889,500.00. Following the sale, the chief financial officer now directly owns 236,688 shares in the company, valued at approximately $8,421,359.04. The disclosure for this sale can be found here. Insiders have sold 98,890 shares of company stock worth $3,533,839 in the last ninety days. 8.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

SKWD has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of Skyward Specialty Insurance Group from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. BMO Capital Markets raised their price objective on Skyward Specialty Insurance Group from $31.00 to $37.00 and gave the company a “market perform” rating in a research note on Monday, February 26th. Piper Sandler increased their price target 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. JMP Securities lifted their price objective on shares of Skyward Specialty Insurance Group from $42.00 to $45.00 and gave the stock a “market outperform” rating in a research note on Thursday, May 2nd. Finally, Wolfe Research began coverage on shares of Skyward Specialty Insurance Group in a research note on Thursday, January 11th. They issued an “outperform” rating and a $39.00 target price on the stock. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $40.78.

Skyward Specialty Insurance Group Trading Down 0.6 %

Shares of SKWD opened at $36.93 on Friday. The firm has a market capitalization of $1.48 billion, a P/E ratio of 13.58 and a beta of 0.68. Skyward Specialty Insurance Group, Inc. has a 12-month low of $21.93 and a 12-month high of $38.64. The firm has a fifty day moving average price of $36.33 and a 200-day moving average price of $33.55.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its 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. Skyward Specialty Insurance Group had a net margin of 11.16% and a return on equity of 16.81%. The business had revenue of $264.97 million for the quarter, compared to the consensus estimate of $251.66 million. During the same period in the prior year, the firm earned $0.42 EPS. Analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.7 earnings per share for the current year.

Skyward Specialty Insurance Group 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.