GW&K Investment Management LLC Increases Position in Skyward Specialty Insurance Group, Inc. $SKWD

GW&K Investment Management LLC lifted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 309.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 358,879 shares of the company’s stock after buying an additional 271,281 shares during the period. GW&K Investment Management LLC’s holdings in Skyward Specialty Insurance Group were worth $17,069,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SKWD. Assetmark Inc. grew its stake in shares of Skyward Specialty Insurance Group by 1,210.5% in the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after purchasing an additional 690 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Skyward Specialty Insurance Group by 840.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after buying an additional 1,487 shares during the period. Osaic Holdings Inc. raised its position in Skyward Specialty Insurance Group by 140.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after buying an additional 855 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Skyward Specialty Insurance Group in the 3rd quarter worth $89,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Skyward Specialty Insurance Group in the 2nd quarter worth $134,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays set a $63.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, January 8th. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Raymond James Financial set a $66.00 target price on shares of Skyward Specialty Insurance Group in a research report on Friday, December 5th. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Citizens Jmp set a $80.00 price target on shares of Skyward Specialty Insurance Group in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and an average target price of $65.80.

Insider Buying and Selling

In related news, CEO Andrew S. Robinson acquired 22,100 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was purchased at an average price of $46.76 per share, for a total transaction of $1,033,396.00. Following the transaction, the chief executive officer owned 167,674 shares in the company, valued at $7,840,436.24. This trade represents a 15.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony J. Kuczinski bought 1,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average cost of $48.13 per share, with a total value of $48,130.00. Following the completion of the purchase, the director directly owned 11,903 shares in the company, valued at $572,891.39. This trade represents a 9.17% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have bought 30,500 shares of company stock worth $1,433,546. 8.01% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $48.71 on Friday. The stock’s 50 day moving average price is $46.48 and its 200 day moving average price is $47.49. The firm has a market cap of $2.17 billion, a P/E ratio of 11.97 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a 1 year low of $42.45 and a 1 year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a return on equity of 17.98% and a net margin of 12.00%.The company had revenue of $385.59 million during the quarter, compared to the consensus estimate of $380.86 million. During the same quarter last year, the business posted $0.80 earnings per share. On average, research analysts predict that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current year.

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.