Corient Private Wealth LP Takes $2.82 Million Position in Skyward Specialty Insurance Group, Inc. $SKWD

Corient Private Wealth LP purchased a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 48,363 shares of the company’s stock, valued at approximately $2,822,000.

Other institutional investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new position in Skyward Specialty Insurance Group in the 1st quarter valued at approximately $37,000. Quarry LP grew its stake in shares of Skyward Specialty Insurance Group by 558.9% during the third quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Skyward Specialty Insurance Group during the fourth quarter worth $65,000. Fifth Third Bancorp acquired a new position in shares of Skyward Specialty Insurance Group during the first quarter worth $60,000. Finally, Osaic Holdings Inc. increased its holdings in shares of Skyward Specialty Insurance Group by 140.9% during the second quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after buying an additional 855 shares in the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SKWD shares. Weiss Ratings raised Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 25th. Piper Sandler reaffirmed an “overweight” rating on shares of Skyward Specialty Insurance Group in a report on Monday, August 24th. Truist Financial increased their target price on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Finally, Barclays boosted their price target on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.64.

Skyward Specialty Insurance Group Stock Performance

Shares of Skyward Specialty Insurance Group stock opened at $57.42 on Wednesday. The stock has a 50 day moving average price of $59.52 and a two-hundred day moving average price of $50.74. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $65.69. The stock has a market capitalization of $2.55 billion, a PE ratio of 13.38 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. The firm had revenue of $489.53 million for the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current year.

Insider Transactions at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the sale, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This represents a 44.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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.