Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 246,894 shares of the company’s stock after selling 14,795 shares during the quarter. Peregrine Capital Management LLC owned about 0.55% of Skyward Specialty Insurance Group worth $10,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKWD. Integrated Wealth Concepts LLC increased its stake in Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after acquiring an additional 1,456 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Skyward Specialty Insurance Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after purchasing an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Skyward Specialty Insurance Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock worth $5,282,000 after purchasing an additional 14,217 shares during the period. Jane Street Group LLC grew its holdings in shares of Skyward Specialty Insurance Group by 286.1% during the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after purchasing an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Skyward Specialty Insurance Group by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after purchasing an additional 5,913 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock opened at $58.35 on Wednesday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $61.24. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 14.06 and a beta of 0.49. The firm’s fifty day moving average price is $47.82 and its 200 day moving average price is $46.88.

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

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the purchase, the director owned 15,977 shares in the company, valued at $752,516.70. The trade was a 14.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas N. Schmitt sold 8,397 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Friday, June 12th. The stock was 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 approximately $531,315.96. The trade was a 44.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 8.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.