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

Sterling Capital Management LLC reduced its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 45.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 18,452 shares of the company’s stock after selling 15,090 shares during the period. Sterling Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $806,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Reinhart Partners LLC. boosted its position 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 worth $123,521,000 after purchasing an additional 803,217 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Skyward Specialty Insurance Group by 411.7% during the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after purchasing an additional 762,079 shares in the last quarter. Freestone Grove Partners LP acquired a new position in shares of Skyward Specialty Insurance Group during the third quarter worth about $24,234,000. Langdon Equity Partners purchased a new stake in shares of Skyward Specialty Insurance Group in the fourth quarter worth about $16,965,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Skyward Specialty Insurance Group by 46.7% in the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock worth $54,682,000 after buying an additional 301,288 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Upgrades and Downgrades

SKWD has been the topic of several analyst reports. Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Finally, Barclays boosted their target price on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and an average price target of $65.00.

Skyward Specialty Insurance Group Stock Up 2.0%

SKWD stock opened at $59.51 on Thursday. The stock’s 50 day moving average is $48.08 and its two-hundred day moving average is $46.95. The company has a market capitalization of $2.41 billion, a PE ratio of 14.34 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 $61.24.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $475.87 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $0.90 EPS. As a group, sell-side analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current year.

Insider Activity

In other news, Director Anthony J. Kuczinski acquired 2,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average cost of $47.10 per share, with a total value of $94,200.00. Following the completion of the acquisition, the director directly owned 15,977 shares in the company, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the completion of the sale, the director directly owned 4,570 shares of the company’s stock, valued at approximately $211,819.50. This represents a 13.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company 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.