Alberta Investment Management Corp Makes New $2.30 Million Investment in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD)

Alberta Investment Management Corp acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 45,404 shares of the company’s stock, valued at approximately $2,295,000. Alberta Investment Management Corp owned about 0.11% of Skyward Specialty Insurance Group at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SKWD. Arcadia Investment Management Corp MI bought a new position in Skyward Specialty Insurance Group during the third quarter valued at approximately $41,000. Quarry LP boosted its stake in shares of Skyward Specialty Insurance Group by 176.9% in the 3rd quarter. Quarry LP now owns 1,376 shares of the company’s stock valued at $56,000 after purchasing an additional 879 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at $61,000. CWM LLC raised its position in Skyward Specialty Insurance Group by 3,103.1% in the 3rd quarter. CWM LLC now owns 4,132 shares of the company’s stock worth $168,000 after purchasing an additional 4,003 shares during the period. Finally, Kirr Marbach & Co. LLC IN bought a new stake in Skyward Specialty Insurance Group in the fourth quarter worth $252,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Skyward Specialty Insurance Group from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 6th. Piper Sandler reduced 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. Raymond James boosted their price objective on 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. JMP Securities restated a “market outperform” rating and issued a $60.00 target price on shares of Skyward Specialty Insurance Group in a report on Monday, February 10th. Finally, TD Cowen initiated coverage on shares of Skyward Specialty Insurance Group in a report on Monday, January 13th. They set a “hold” rating and a $43.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.44.

Insider Activity

In related news, Director James Charles Hays sold 25,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 747,261 shares of the company’s stock, valued at $40,352,094. This represents a 3.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Andrew S. Robinson sold 6,010 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $49.37, for a total value of $296,713.70. Following the sale, the chief executive officer now directly owns 77,144 shares in the company, valued at approximately $3,808,599.28. The trade was a 7.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,318 shares of company stock valued at $2,098,866. Corporate insiders own 8.01% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 0.1 %

Shares of Skyward Specialty Insurance Group stock opened at $49.52 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $32.08 and a 12-month high of $55.62. The company has a market cap of $1.99 billion, a P/E ratio of 15.10, a PEG ratio of 0.80 and a beta of 0.83. The company’s fifty day simple moving average is $47.47 and its two-hundred day simple moving average is $45.40.

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.