Universal Beteiligungs und Servicegesellschaft mbH Reduces Stake in Skyward Specialty Insurance Group, Inc. $SKWD

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 82.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,919 shares of the company’s stock after selling 72,541 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Skyward Specialty Insurance Group were worth $814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. purchased a new position in Skyward Specialty Insurance Group in the fourth quarter valued at about $27,000. GAMMA Investing LLC boosted its stake in Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after acquiring an additional 248 shares during the last quarter. Assetmark Inc. boosted its stake in Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after acquiring an additional 690 shares during the last quarter. Quarry LP boosted its stake in Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Skyward Specialty Insurance Group by 840.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after acquiring an additional 1,487 shares during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of SKWD stock opened at $45.44 on Monday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 11.16 and a beta of 0.54. The firm’s 50 day moving average is $45.28 and its 200 day moving average is $46.55. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.21. The company had revenue of $385.59 million for the quarter, compared to analysts’ expectations of $380.86 million. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. During the same period in the prior year, the company posted $0.80 EPS. On average, equities analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.69 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on SKWD shares. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Piper Sandler dropped their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Susquehanna set a $80.00 price target on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Barclays dropped their price target on shares of Skyward Specialty Insurance Group from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Wall Street Zen cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and an average target price of $65.89.

Insider Buying and Selling

In other news, CEO Andrew S. Robinson bought 22,100 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were acquired at an average price of $46.76 per share, with a total value of $1,033,396.00. Following the acquisition, the chief executive officer owned 167,674 shares of the company’s stock, valued at approximately $7,840,436.24. The trade was a 15.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christopher Locke Peirce bought 3,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were purchased at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the acquisition, the director directly owned 3,200 shares in the company, valued at $151,360. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 30,500 shares of company stock valued at $1,433,546. Company insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Profile

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.