Centaurus Financial Inc. acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 22,562 shares of the company’s stock, valued at approximately $986,000.
A number of other institutional investors also recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Skyward Specialty Insurance Group by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock worth $774,000 after purchasing an additional 228 shares in the last quarter. CWM LLC increased its holdings in shares of Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after purchasing an additional 327 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Skyward Specialty Insurance Group by 0.9% in the second quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after purchasing an additional 341 shares in the last quarter. ProShare Advisors LLC raised its position in Skyward Specialty Insurance Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock worth $334,000 after purchasing an additional 423 shares during the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Skyward Specialty Insurance Group in the 4th quarter worth approximately $27,000. 94.83% of the stock is owned by institutional investors.
Analyst Ratings Changes
SKWD has been the topic of a number of recent research reports. Piper Sandler increased their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Texas Capital upgraded Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods upped their price target on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Barclays raised their price target on Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.67.
Skyward Specialty Insurance Group Price Performance
SKWD opened at $59.95 on Friday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 14.45 and a beta of 0.34. The firm has a 50 day simple moving average of $54.34 and a 200 day simple moving average of $48.51. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $63.96.
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 for the quarter, beating the consensus estimate of $1.13 by $0.12. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The business had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same period in the prior year, the business posted $0.90 earnings per share. Skyward Specialty Insurance Group’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.88 EPS for the current year.
Insider Buying and Selling at Skyward Specialty Insurance Group
In other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of the company’s stock in a transaction on Monday, May 11th. The shares were 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. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Thomas N. Schmitt sold 8,397 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 10,353 shares in the company, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.52% of the company’s stock.
About Skyward Specialty Insurance Group
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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