Susquehanna Fundamental Investments LLC Increases Position in Skyward Specialty Insurance Group, Inc. $SKWD

Susquehanna Fundamental Investments LLC grew its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 329.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,370 shares of the company’s stock after buying an additional 44,764 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.13% of Skyward Specialty Insurance Group worth $3,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKWD. BlackRock Inc. bought a new position in shares of Skyward Specialty Insurance Group in the second quarter worth about $214,576,000. Reinhart Partners LLC. lifted its holdings in Skyward Specialty Insurance Group by 49.8% during the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after buying an additional 803,217 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in Skyward Specialty Insurance Group by 411.7% in the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after buying an additional 762,079 shares during the period. Wasatch Advisors LP boosted its position in Skyward Specialty Insurance Group by 198.5% in the 2nd quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock valued at $55,694,000 after buying an additional 634,708 shares during the period. Finally, Freestone Grove Partners LP bought a new position in Skyward Specialty Insurance Group in the 3rd quarter worth about $24,234,000. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Price Performance

Shares of Skyward Specialty Insurance Group stock opened at $57.41 on Tuesday. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 13.38 and a beta of 0.34. The firm’s 50-day moving average is $59.43 and its two-hundred day moving average is $50.66. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year 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 EPS for the quarter, beating the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. The business had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. On average, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SKWD shares. Keefe, Bruyette & Woods raised their target price on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Truist Financial raised 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. Finally, Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.64.

Insider Transactions at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the transaction, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.52% of the stock is currently owned by insiders.

Skyward Specialty Insurance Group 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.