Mutual of America Capital Management LLC Invests $6.57 Million in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Mutual of America Capital Management LLC purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 181,530 shares of the company’s stock, valued at approximately $6,568,000. Mutual of America Capital Management LLC owned approximately 0.45% of Skyward Specialty Insurance Group as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. increased its position in shares of Skyward Specialty Insurance Group by 24.2% in the first quarter. Ameritas Investment Partners Inc. now owns 2,972 shares of the company’s stock valued at $111,000 after buying an additional 579 shares in the last quarter. Arizona State Retirement System grew its stake in Skyward Specialty Insurance Group by 24.2% in the 2nd quarter. Arizona State Retirement System now owns 9,516 shares of the company’s stock valued at $344,000 after acquiring an additional 1,854 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Skyward Specialty Insurance Group by 67.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,632 shares of the company’s stock worth $204,000 after acquiring an additional 2,270 shares in the last quarter. Diversified Trust Co raised its position in Skyward Specialty Insurance Group by 26.3% during the first quarter. Diversified Trust Co now owns 11,775 shares of the company’s stock worth $441,000 after acquiring an additional 2,450 shares during the period. Finally, American International Group Inc. lifted its holdings in Skyward Specialty Insurance Group by 23.7% during the first quarter. American International Group Inc. now owns 14,684 shares of the company’s stock valued at $549,000 after purchasing an additional 2,818 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, Director Katharine Terry sold 1,653 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $36.87, for a total transaction of $60,946.11. Following the completion of the sale, the director now directly owns 4,001 shares of the company’s stock, valued at approximately $147,516.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. JMP Securities boosted their target price on shares of Skyward Specialty Insurance Group from $47.00 to $50.00 and gave the stock a “market outperform” rating in a research note on Tuesday, August 6th. Piper Sandler raised their target price on Skyward Specialty Insurance Group from $46.00 to $48.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price target on Skyward Specialty Insurance Group from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. William Blair started coverage on Skyward Specialty Insurance Group in a report on Monday, August 19th. They issued an “outperform” rating on the stock. Finally, Barclays assumed coverage on shares of Skyward Specialty Insurance Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $44.00 target price for the company. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.78.

Skyward Specialty Insurance Group Trading Up 2.2 %

Shares of SKWD opened at $40.70 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $26.81 and a 12-month high of $42.26. The firm has a market capitalization of $1.63 billion, a P/E ratio of 14.96, a P/E/G ratio of 0.73 and a beta of 0.60. The firm has a 50-day moving average price of $38.81 and a 200 day moving average price of $37.12.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.15. Skyward Specialty Insurance Group had a net margin of 11.52% and a return on equity of 17.36%. The business had revenue of $279.94 million during the quarter, compared to the consensus estimate of $282.70 million. During the same quarter last year, the firm earned $0.42 EPS. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 2.96 earnings per share for the current fiscal year.

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.