Skyward Specialty Insurance Group, Inc. $SKWD Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP increased its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 24.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,781 shares of the company’s stock after acquiring an additional 63,399 shares during the period. Wasatch Advisors LP’s holdings in Skyward Specialty Insurance Group were worth $13,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Reinhart Partners LLC. lifted its position in Skyward Specialty Insurance Group by 49.8% in the fourth quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after purchasing an additional 803,217 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Skyward Specialty Insurance Group by 411.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after purchasing an additional 762,079 shares during the period. Freestone Grove Partners LP bought a new stake in shares of Skyward Specialty Insurance Group in the 3rd quarter worth $24,234,000. Langdon Equity Partners bought a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter worth $16,965,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 46.7% in the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock valued at $54,682,000 after buying an additional 301,288 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SKWD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 16th. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Barclays increased their target price on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and an average price target of $65.00.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Gena L. Ashe sold 740 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the completion of the sale, the director owned 4,570 shares in the company, valued at $211,819.50. This represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski bought 2,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $47.10 per share, with a total value of $94,200.00. Following the transaction, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 6.8%

NASDAQ SKWD opened at $59.19 on Friday. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year high of $59.81. The company has a market cap of $2.40 billion, a PE ratio of 14.26 and a beta of 0.49. The stock’s 50-day moving average price is $47.31 and its two-hundred day moving average price is $46.71.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current fiscal year.

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.