Freestone Grove Partners LP Purchases New Position in Skyward Specialty Insurance Group, Inc. $SKWD

Freestone Grove Partners LP acquired a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 362,333 shares of the company’s stock, valued at approximately $21,142,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKWD. Royce & Associates LP increased its holdings in Skyward Specialty Insurance Group by 24.9% during the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock valued at $10,358,000 after purchasing an additional 40,339 shares in the last quarter. Reinhart Partners LLC. raised its position in Skyward Specialty Insurance Group by 4.1% in the 2nd quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company’s stock valued at $168,889,000 after purchasing an additional 113,623 shares during the last quarter. UBS Group AG boosted its stake in Skyward Specialty Insurance Group by 44.5% in the fourth quarter. UBS Group AG now owns 234,366 shares of the company’s stock worth $11,978,000 after purchasing an additional 72,196 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock worth $130,588,000 after purchasing an additional 102,191 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Skyward Specialty Insurance Group by 397.5% during the first quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock worth $18,926,000 after purchasing an additional 346,202 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on SKWD shares. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Truist Financial upped their price objective on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, TD Cowen boosted their target price on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.64.

Skyward Specialty Insurance Group Stock Performance

SKWD opened at $57.65 on Friday. The company has a fifty day moving average price of $59.15 and a two-hundred day moving average price of $50.47. The firm has a market capitalization of $2.56 billion, a PE ratio of 13.44 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $65.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The company had revenue of $489.53 million for the quarter, compared to the consensus estimate of $706.59 million. Equities analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current year.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.52% of the company’s stock.

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.