Alberta Investment Management Corp Makes New Investment in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Alberta Investment Management Corp purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,404 shares of the company's stock, valued at approximately $2,295,000. Alberta Investment Management Corp owned approximately 0.11% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chartwell Investment Partners LLC increased its stake in Skyward Specialty Insurance Group by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 38,037 shares of the company's stock valued at $1,549,000 after purchasing an additional 306 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of Skyward Specialty Insurance Group by 4.6% in the 3rd quarter. IHT Wealth Management LLC now owns 10,501 shares of the company's stock valued at $428,000 after buying an additional 464 shares during the last quarter. Quarry LP raised its stake in Skyward Specialty Insurance Group by 176.9% during the 3rd quarter. Quarry LP now owns 1,376 shares of the company's stock worth $56,000 after acquiring an additional 879 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Skyward Specialty Insurance Group in the third quarter valued at $41,000. Finally, The Manufacturers Life Insurance Company lifted its position in Skyward Specialty Insurance Group by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 336,882 shares of the company's stock valued at $13,721,000 after acquiring an additional 1,032 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Skyward Specialty Insurance Group Stock Performance

SKWD traded down $0.87 during trading on Friday, hitting $48.65. The stock had a trading volume of 304,236 shares, compared to its average volume of 378,292. The firm has a market capitalization of $1.95 billion, a P/E ratio of 14.83, a PEG ratio of 0.81 and a beta of 0.83. Skyward Specialty Insurance Group, Inc. has a twelve month low of $33.27 and a twelve month high of $55.62. The company's 50-day moving average price is $47.47 and its 200 day moving average price is $45.40.

Insider Activity

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 546 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $46.85, for a total value of $25,580.10. Following the completion of the transaction, the insider now owns 10,246 shares in the company, valued at approximately $480,025.10. This represents a 5.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Charles Hays sold 25,000 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $54.00, for a total value of $1,350,000.00. Following the completion of the sale, the director now directly owns 747,261 shares of the company's stock, valued at approximately $40,352,094. This trade represents a 3.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,318 shares of company stock valued at $2,098,866 over the last quarter. Corporate insiders own 8.01% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on SKWD shares. Barclays lifted their target price on Skyward Specialty Insurance Group from $45.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Piper Sandler cut their price target on Skyward Specialty Insurance Group from $58.00 to $57.00 and set an "overweight" rating on the stock in a research report on Thursday, February 6th. JMP Securities reissued a "market outperform" rating and issued a $60.00 price objective on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. TD Cowen began coverage on shares of 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. Finally, Raymond James upped their price target on shares of Skyward Specialty Insurance Group from $45.00 to $55.00 and gave the company a "strong-buy" rating in a research report on Tuesday, November 5th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has an average rating of "Moderate Buy" and an average price target of $51.44.

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.