Royce & Associates LP boosted its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) by 24.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 202,659 shares of the company’s stock after acquiring an additional 40,339 shares during the quarter. Royce & Associates LP’s holdings in Skyward Specialty Insurance Group were worth $10,358,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Skyward Specialty Insurance Group by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after acquiring an additional 102,191 shares in the last quarter. Champlain Investment Partners LLC raised its position in Skyward Specialty Insurance Group by 19.5% during the third quarter. Champlain Investment Partners LLC now owns 1,372,788 shares of the company’s stock valued at $65,290,000 after acquiring an additional 224,122 shares in the last quarter. Balyasny Asset Management L.P. raised its position in 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 valued at $45,047,000 after acquiring an additional 762,079 shares in the last quarter. Ameriprise Financial Inc. raised its position in Skyward Specialty Insurance Group by 46.7% during the second quarter. Ameriprise Financial Inc. now owns 946,216 shares of the company’s stock valued at $54,682,000 after acquiring an additional 301,288 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Skyward Specialty Insurance Group by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 747,954 shares of the company’s stock valued at $35,571,000 after acquiring an additional 60,512 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.
Analyst Ratings Changes
SKWD has been the topic of several recent research reports. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Weiss Ratings lowered shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Piper Sandler dropped their price target on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Zacks Research lowered shares of Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.75.
Skyward Specialty Insurance Group Trading Down 3.9%
Shares of Skyward Specialty Insurance Group stock opened at $45.79 on Thursday. The company’s fifty day simple moving average is $45.12 and its 200-day simple moving average is $46.55. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 11.03 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year high of $65.05.
Skyward Specialty Insurance Group (NASDAQ:SKWD – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. Skyward Specialty Insurance Group’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $0.90 earnings per share. As a group, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current fiscal year.
Insider Activity at Skyward Specialty Insurance Group
In related news, Director Christopher Locke Peirce acquired 3,200 shares of the stock in a transaction dated Monday, March 2nd. The shares were acquired at an average price of $47.30 per share, for a total transaction of $151,360.00. Following the completion of the purchase, the director owned 3,200 shares in the company, valued at approximately $151,360. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gena L. Ashe sold 740 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the completion of the sale, the director owned 4,570 shares in the company, valued at approximately $211,819.50. The trade was a 13.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have acquired 32,500 shares of company stock worth $1,527,746. 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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