Swedbank AB Makes New $15.16 Million Investment in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Swedbank AB bought a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 300,032 shares of the company's stock, valued at approximately $15,164,000. Swedbank AB owned about 0.75% of Skyward Specialty Insurance Group at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Arcadia Investment Management Corp MI acquired a new position in Skyward Specialty Insurance Group during the 3rd quarter valued at about $41,000. Quarry LP increased its stake in shares of Skyward Specialty Insurance Group by 176.9% during the third quarter. Quarry LP now owns 1,376 shares of the company's stock valued at $56,000 after acquiring an additional 879 shares during the period. ORG Wealth Partners LLC bought a new stake in Skyward Specialty Insurance Group during the fourth quarter worth approximately $61,000. CWM LLC lifted its position in Skyward Specialty Insurance Group by 3,103.1% in the third quarter. CWM LLC now owns 4,132 shares of the company's stock worth $168,000 after purchasing an additional 4,003 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Skyward Specialty Insurance Group during the 2nd quarter valued at $224,000. Institutional investors own 94.83% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SKWD shares. Barclays upped their price target on shares of Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Raymond James raised their target price on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, November 5th. Jefferies Financial Group upped their price target on Skyward Specialty Insurance Group from $45.00 to $49.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. JMP Securities raised their price objective on Skyward Specialty Insurance Group from $50.00 to $53.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Finally, TD Cowen initiated coverage on Skyward Specialty Insurance Group in a research report on Monday, January 13th. They set a "hold" rating and a $43.00 target price on the stock. Four analysts have 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 data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $48.22.

Insider Transactions at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 546 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $46.85, for a total value of $25,580.10. Following the sale, the insider now owns 10,246 shares of the company's stock, valued at approximately $480,025.10. This represents a 5.06 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew S. Robinson sold 6,010 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $49.37, for a total value of $296,713.70. Following the completion of the transaction, the chief executive officer now directly owns 77,144 shares in the company, valued at $3,808,599.28. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,318 shares of company stock worth $2,098,866. Insiders own 8.01% of the company's stock.

Skyward Specialty Insurance Group Price Performance

NASDAQ:SKWD traded up $0.88 during midday trading on Tuesday, reaching $47.13. The stock had a trading volume of 618,175 shares, compared to its average volume of 408,402. The firm's fifty day simple moving average is $48.51 and its 200-day simple moving average is $44.54. The stock has a market capitalization of $1.89 billion, a P/E ratio of 14.39, a PEG ratio of 0.73 and a beta of 0.84. Skyward Specialty Insurance Group, Inc. has a 1-year low of $29.40 and a 1-year high of $55.62.

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.