Skyward Specialty Insurance Group, Inc. $SKWD Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,394 shares of the company’s stock after acquiring an additional 1,001 shares during the period. Nordea Investment Management AB owned approximately 0.17% of Skyward Specialty Insurance Group worth $3,890,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in SKWD. Voya Investment Management LLC increased its position in shares of Skyward Specialty Insurance Group by 3,712.0% in the first quarter. Voya Investment Management LLC now owns 433,652 shares of the company’s stock worth $22,949,000 after acquiring an additional 422,276 shares in the last quarter. Aberdeen Group plc acquired a new stake in shares of Skyward Specialty Insurance Group in the second quarter worth $19,319,000. Nuveen LLC acquired a new stake in shares of Skyward Specialty Insurance Group in the first quarter worth $14,354,000. Vanguard Group Inc. increased its position in shares of Skyward Specialty Insurance Group by 10.0% in the first quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company’s stock worth $132,467,000 after acquiring an additional 227,921 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Skyward Specialty Insurance Group in the first quarter worth $6,651,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 1.1%

Shares of SKWD stock opened at $46.95 on Wednesday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $41.28 and a twelve month high of $65.05. The company has a market capitalization of $1.90 billion, a PE ratio of 14.76 and a beta of 0.58. The firm has a fifty day simple moving average of $48.02 and a 200-day simple moving average of $53.18.

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

Wall Street Analyst Weigh In

SKWD has been the subject of several recent research reports. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. JMP Securities increased their price objective 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. BMO Capital Markets upped their target price on shares of Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Monday, September 8th. Piper Sandler decreased their target price on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an “overweight” rating for the company in a research note on Friday, August 1st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Skyward Specialty Insurance Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.70.

About Skyward Specialty Insurance Group

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.