Deutsche Bank AG Invests $2.73 Million in Skyward Specialty Insurance Group, Inc. $SKWD

Deutsche Bank AG acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 46,796 shares of the company’s stock, valued at approximately $2,731,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Skyward Specialty Insurance Group by 1.3% in the first quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock worth $774,000 after buying an additional 228 shares during the last quarter. CWM LLC increased its stake in Skyward Specialty Insurance Group by 19.4% in the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after buying an additional 327 shares in the last quarter. California State Teachers Retirement System raised its stake in Skyward Specialty Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after purchasing an additional 341 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock worth $334,000 after buying an additional 423 shares in the last quarter. Finally, Graham Capital Management L.P. lifted its stake in Skyward Specialty Insurance Group by 2.3% in the 4th quarter. Graham Capital Management L.P. now owns 23,842 shares of the company’s stock worth $1,219,000 after purchasing an additional 536 shares in the last quarter. 94.83% of the stock is owned by institutional investors.

Skyward Specialty Insurance Group Trading Down 0.7%

Shares of Skyward Specialty Insurance Group stock opened at $57.65 on Friday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.69. The firm’s 50-day moving average price is $59.15 and its 200 day moving average price is $50.47. The firm has a market capitalization of $2.56 billion, a PE ratio of 13.44 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. The firm had revenue of $489.53 million during the quarter, compared to analysts’ expectations of $706.59 million. On average, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 8.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Barclays boosted their target price on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. TD Cowen raised their price objective on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Piper Sandler reissued an “overweight” rating on shares of Skyward Specialty Insurance Group in a research report on Monday. Finally, Weiss Ratings raised Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.64.

About Skyward Specialty Insurance Group

Skyward Specialty Insurance Group, Inc (NASDAQ: SKWD) is a publicly traded specialty property and casualty insurance underwriter. The company focuses on niche market segments, offering tailored insurance solutions designed to address the specific risk profiles of its target industries.

Through its underwriting platform, Skyward Specialty provides coverage in areas including general liability, professional liability, commercial package, inland marine and other selected specialty lines. Its products are distributed primarily through a network of wholesale brokers, program administrators and managing general agents, enabling the company to reach a diverse client base and adapt quickly to evolving market needs.

Headquartered in the United States, Skyward Specialty Insurance Group operates across multiple states and applies data-driven underwriting and risk management practices to maintain disciplined reserving and consistent performance.