UBS Group AG boosted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) by 44.5% during the fourth quarter, HoldingsChannel reports. The fund owned 234,366 shares of the company’s stock after buying an additional 72,196 shares during the quarter. UBS Group AG’s holdings in Skyward Specialty Insurance Group were worth $11,978,000 as of its most recent filing with the SEC.
A number of other hedge funds have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its holdings in Skyward Specialty Insurance Group by 11.4% during the 4th quarter. Sanctuary Advisors LLC now owns 5,463 shares of the company’s stock valued at $279,000 after buying an additional 557 shares in the last quarter. Vanguard Group Inc. grew its holdings in Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after buying an additional 102,191 shares in the last quarter. Calamos Advisors LLC purchased a new position in Skyward Specialty Insurance Group during the 4th quarter valued at about $1,659,000. Teacher Retirement System of Texas grew its holdings in Skyward Specialty Insurance Group by 26.4% during the 4th quarter. Teacher Retirement System of Texas now owns 147,406 shares of the company’s stock valued at $7,534,000 after buying an additional 30,763 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Skyward Specialty Insurance Group by 22.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,222 shares of the company’s stock valued at $420,000 after buying an additional 1,495 shares in the last quarter. Hedge funds and other institutional investors own 94.83% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on SKWD shares. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a report on Friday, January 16th. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Piper Sandler reduced their target price on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Barclays lifted their target price on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $65.75.
Skyward Specialty Insurance Group Trading Up 1.6%
Shares of NASDAQ SKWD opened at $46.01 on Friday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $65.05. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 11.09 and a beta of 0.54. The business has a 50-day moving average of $44.98 and a 200-day moving average of $46.46.
Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The company had revenue of $475.87 million during the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue was up 9.9% on a year-over-year basis. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.85 earnings per share for the current year.
Insider Transactions at Skyward Specialty Insurance Group
In other news, CEO Andrew S. Robinson bought 22,100 shares of the business’s stock in a transaction on Friday, February 27th. The stock was acquired at an average price of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the purchase, the chief executive officer directly owned 167,674 shares in the company, valued at $7,840,436.24. This represents a 15.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Christopher Locke Peirce bought 3,200 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of $47.30 per share, with a total value of $151,360.00. Following the purchase, the director owned 3,200 shares of the company’s stock, valued at $151,360. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 30,500 shares of company stock worth $1,433,546 in the last three months. Corporate insiders own 8.52% of the company’s stock.
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.
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