Skyward Specialty Insurance Group, Inc. $SKWD Position Boosted by Royce & Associates LP

Royce & Associates LP grew its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 24.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,659 shares of the company’s stock after purchasing an additional 40,339 shares during the period. Royce & Associates LP owned approximately 0.50% of Skyward Specialty Insurance Group worth $10,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Financial Management Professionals Inc. bought a new position in shares of Skyward Specialty Insurance Group during the 4th quarter valued at about $27,000. GAMMA Investing LLC boosted its position in shares of Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock valued at $29,000 after purchasing an additional 248 shares in the last quarter. Assetmark Inc. boosted its position in shares of Skyward Specialty Insurance Group by 1,210.5% during the 3rd quarter. Assetmark Inc. now owns 747 shares of the company’s stock valued at $36,000 after purchasing an additional 690 shares in the last quarter. Quarry LP boosted its position in shares of 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 purchasing an additional 844 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Skyward Specialty Insurance Group by 840.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after purchasing an additional 1,487 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. 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. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note 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 note on Friday, March 13th. Piper Sandler reduced their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Barclays upped their price objective on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Skyward Specialty Insurance Group presently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $45.79 on Thursday. The stock has a market cap of $1.86 billion, a P/E ratio of 11.03 and a beta of 0.54. The firm has a 50 day simple moving average of $45.12 and a 200 day simple moving average of $46.55. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.13 by $0.12. The business had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share. Sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.93 EPS for the current year.

Insider Activity at Skyward Specialty Insurance Group

In related news, Director Gena L. Ashe sold 740 shares of the firm’s stock in a transaction that occurred 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 directly owned 4,570 shares in the company, valued at approximately $211,819.50. This trade represents a 13.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Andrew S. Robinson purchased 22,100 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were bought at an average price of $46.76 per share, with a total value of $1,033,396.00. Following the completion of the acquisition, the chief executive officer owned 167,674 shares of the company’s stock, valued at $7,840,436.24. This trade represents a 15.18% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 32,500 shares of company stock valued at $1,527,746. 8.52% of the stock is owned by company insiders.

Skyward Specialty Insurance Group Company 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.