Segall Bryant & Hamill LLC Raises Stock Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Segall Bryant & Hamill LLC boosted its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 16.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 367,582 shares of the company’s stock after buying an additional 53,187 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.91% of Skyward Specialty Insurance Group worth $17,482,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd increased its position in shares of Skyward Specialty Insurance Group by 407.4% during the third quarter. Y Intercept Hong Kong Ltd now owns 54,384 shares of the company’s stock valued at $2,587,000 after buying an additional 43,666 shares during the period. Squarepoint Ops LLC boosted its position in Skyward Specialty Insurance Group by 116.6% during the 2nd quarter. Squarepoint Ops LLC now owns 89,436 shares of the company’s stock valued at $5,169,000 after acquiring an additional 48,148 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Skyward Specialty Insurance Group by 5.5% during the 2nd quarter. Federated Hermes Inc. now owns 490,526 shares of the company’s stock worth $28,347,000 after acquiring an additional 25,711 shares during the period. Reinhart Partners LLC. raised its position in shares of Skyward Specialty Insurance Group by 68.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after acquiring an additional 654,500 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Skyward Specialty Insurance Group by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 598,762 shares of the company’s stock worth $34,602,000 after acquiring an additional 34,129 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SKWD. Susquehanna set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Raymond James Financial set a $66.00 price target on Skyward Specialty Insurance Group in a research report on Friday, December 5th. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Finally, Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.80.

Skyward Specialty Insurance Group Stock Down 0.7%

Shares of NASDAQ SKWD opened at $48.22 on Wednesday. The firm has a market cap of $1.95 billion, a P/E ratio of 11.85 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a twelve month low of $42.45 and a twelve month high of $65.05. The company has a 50 day moving average of $46.66 and a 200 day moving average of $47.47.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Monday, February 23rd. The company reported $1.17 EPS for the quarter, beating the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 18.51% and a net margin of 12.00%.The business had revenue of $385.59 million for the quarter, compared to the consensus estimate of $380.86 million. During the same period last year, the business posted $0.80 EPS. As a group, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Christopher Locke Peirce bought 3,200 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was acquired at an average price of $47.30 per share, with a total value of $151,360.00. Following the transaction, the director owned 3,200 shares in the company, valued at $151,360. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the sale, the insider directly owned 8,059 shares in the company, valued at approximately $403,030.59. The trade was a 38.43% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders acquired 25,500 shares of company stock worth $1,194,076. 7.86% of the stock is owned by corporate 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.