41,055 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Purchased by Legal & General Group Plc

Legal & General Group Plc acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 41,055 shares of the company’s stock, valued at approximately $2,396,000.

Several other hedge funds have also recently added to or reduced their stakes in SKWD. Integrated Wealth Concepts LLC raised its position 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. grew its position in shares of Skyward Specialty Insurance Group by 4.6% in the first 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 in the last quarter. Jane Street Group LLC raised its position 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 last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of 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 during the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Thomas Schmitt sold 8,397 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the transaction, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 1.3%

Shares of Skyward Specialty Insurance Group stock opened at $57.34 on Friday. The business’s fifty day moving average price is $59.58 and its 200 day moving average price is $50.95. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.69. The stock has a market capitalization of $2.55 billion, a P/E ratio of 13.37 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.17 by $0.13. The company had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%. As a group, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays upped their target price on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Weiss Ratings raised Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.64.

Get Our Latest Research Report on Skyward Specialty Insurance Group

About Skyward Specialty Insurance Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Skyward Specialty Insurance Group (NASDAQ:SKWD)

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