VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Shares in Skyward Specialty Insurance Group, Inc. $SKWD

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 18,000 shares of the company’s stock, valued at approximately $920,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after purchasing an additional 248 shares during the last quarter. CWM LLC boosted its position in Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after purchasing an additional 327 shares during the last quarter. California State Teachers Retirement System boosted its position in Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after purchasing an additional 341 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in Skyward Specialty Insurance Group in the fourth quarter worth about $27,000. Finally, Sanctuary Advisors LLC boosted its position in Skyward Specialty Insurance Group by 11.4% in the fourth quarter. Sanctuary Advisors LLC now owns 5,463 shares of the company’s stock worth $279,000 after purchasing an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $46.01 on Monday. The firm has a 50-day simple moving average of $44.98 and a two-hundred day simple moving average of $46.46. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $65.05. The company has a market capitalization of $1.87 billion, a PE ratio of 11.09 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.13 by $0.12. The business had revenue of $475.87 million during the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. As a group, sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analyst Weigh In

SKWD has been the topic of several analyst reports. 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. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average target price of $65.75.

Insider Transactions at Skyward Specialty Insurance Group

In other news, Director Christopher Locke Peirce bought 3,200 shares of the stock in a transaction dated Monday, March 2nd. The stock was purchased at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the transaction, the director owned 3,200 shares of the company’s stock, valued at $151,360. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gena L. Ashe sold 740 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the transaction, the director directly owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. The trade was a 13.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have bought a total of 30,500 shares of company stock valued at $1,433,546 over the last quarter. 8.52% of the stock is owned by insiders.

Skyward Specialty Insurance Group Company 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.