DekaBank Deutsche Girozentrale Sells 4,334 Shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

DekaBank Deutsche Girozentrale decreased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 35.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,019 shares of the company’s stock after selling 4,334 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Skyward Specialty Insurance Group were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its position in shares of Skyward Specialty Insurance Group by 24.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock valued at $111,000 after acquiring an additional 579 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Skyward Specialty Insurance Group during the second quarter valued at approximately $160,000. ProShare Advisors LLC purchased a new position in Skyward Specialty Insurance Group in the 1st quarter worth approximately $200,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Skyward Specialty Insurance Group by 67.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock worth $204,000 after buying an additional 2,270 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Skyward Specialty Insurance Group by 24.2% during the 2nd quarter. Arizona State Retirement System now owns 9,516 shares of the company’s stock valued at $344,000 after buying an additional 1,854 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Down 0.8 %

NASDAQ:SKWD opened at $40.38 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 14.85, a P/E/G ratio of 0.73 and a beta of 0.60. The company has a fifty day moving average of $38.89 and a 200 day moving average of $37.15. Skyward Specialty Insurance Group, Inc. has a 52 week low of $26.81 and a 52 week high of $42.26.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.65 by $0.15. The firm 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 firm posted $0.42 earnings per share. As a group, analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 2.96 EPS for the current year.

Insiders Place Their Bets

In other news, Director Katharine Terry sold 1,653 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction of $60,946.11. Following the transaction, the director now directly owns 4,001 shares of the company’s stock, valued at $147,516.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SKWD. Keefe, Bruyette & Woods upped their target price on shares of Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. JMP Securities increased 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. Oppenheimer started coverage on Skyward Specialty Insurance Group in a report on Friday, July 12th. They set a “market perform” rating on the stock. William Blair initiated coverage on Skyward Specialty Insurance Group in a research note on Monday, August 19th. They issued an “outperform” rating for the company. Finally, Barclays started coverage on shares of Skyward Specialty Insurance Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 price target on the stock. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.78.

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.