Skyward Specialty Insurance Group, Inc. $SKWD Position Lifted by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 1.5% during the second quarter, HoldingsChannel reports. The fund owned 68,394 shares of the company’s stock after acquiring an additional 1,001 shares during the quarter. Nordea Investment Management AB’s holdings in Skyward Specialty Insurance Group were worth $3,890,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Voya Investment Management LLC lifted its position in shares of Skyward Specialty Insurance Group by 3,712.0% in the 1st quarter. Voya Investment Management LLC now owns 433,652 shares of the company’s stock worth $22,949,000 after buying an additional 422,276 shares during the last quarter. Aberdeen Group plc bought a new position in shares of Skyward Specialty Insurance Group in the 2nd quarter worth about $19,319,000. Nuveen LLC bought a new position in shares of Skyward Specialty Insurance Group in the 1st quarter worth about $14,354,000. Vanguard Group Inc. lifted its position in shares of Skyward Specialty Insurance Group by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company’s stock worth $132,467,000 after buying an additional 227,921 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of Skyward Specialty Insurance Group in the 1st quarter worth about $6,651,000. 94.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SKWD has been the topic of a number of recent research reports. Janney Montgomery Scott initiated coverage on shares of Skyward Specialty Insurance Group in a research report on Monday, October 6th. They issued a “buy” rating and a $60.00 price target on the stock. Piper Sandler reduced their price target on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, August 1st. BMO Capital Markets raised their price target on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the stock a “market perform” rating in a research report on Monday, September 8th. JMP Securities raised their price target on shares of Skyward Specialty Insurance Group from $65.00 to $70.00 and gave the stock a “market outperform” rating in a research report on Thursday, September 4th. Finally, Wall Street Zen cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus target price of $60.70.

Skyward Specialty Insurance Group Stock Up 1.1%

SKWD stock opened at $46.95 on Wednesday. The stock has a market cap of $1.90 billion, a PE ratio of 14.76 and a beta of 0.58. The firm’s 50-day simple moving average is $48.02 and its 200 day simple moving average is $53.18. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $41.28 and a fifty-two week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, July 30th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.86 by $0.03. The firm had revenue of $319.90 million for the quarter, compared to analysts’ expectations of $324.64 million. Skyward Specialty Insurance Group had a net margin of 10.53% and a return on equity of 16.40%. During the same quarter last year, the company earned $0.80 EPS. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS 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.