Sei Investments Co. Increases Stock Position in Skyward Specialty Insurance Group, Inc. $SKWD

Sei Investments Co. increased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWDFree Report) by 397.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 433,298 shares of the company’s stock after purchasing an additional 346,202 shares during the period. Sei Investments Co.’s holdings in Skyward Specialty Insurance Group were worth $18,926,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Financial Management Professionals Inc. bought a new position in Skyward Specialty Insurance Group in the fourth quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in Skyward Specialty Insurance Group by 75.8% during the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Skyward Specialty Insurance Group during the 1st quarter valued at $37,000. Quarry LP boosted its position in Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock valued at $47,000 after acquiring an additional 844 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in Skyward Specialty Insurance Group during the 4th quarter valued at $65,000. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Trading Down 0.4%

NASDAQ SKWD opened at $62.52 on Thursday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $63.96. The company has a fifty day simple moving average of $53.84 and a two-hundred day simple moving average of $48.33. The stock has a market cap of $2.53 billion, a P/E ratio of 15.07 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWDGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. The firm had revenue of $475.87 million for 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 business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 earnings per share. As a group, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.88 earnings per share for the current year.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Anthony J. Kuczinski acquired 2,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were acquired 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 owned 15,977 shares of the company’s stock, valued at approximately $752,516.70. This trade represents a 14.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the sale, the director directly owned 4,570 shares of the company’s stock, valued at $211,819.50. This trade represents 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. Company insiders own 8.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen lowered 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 Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Barclays boosted their target price on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

Get Our Latest Research Report on SKWD

Skyward Specialty Insurance Group Company Profile

(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.

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

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