Skyward Specialty Insurance Group, Inc. $SKWD Stock Position Decreased by Capital World Investors

Capital World Investors cut its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 50.0% in the fourth quarter, Holdings Channel reports. The firm owned 508,853 shares of the company’s stock after selling 508,853 shares during the period. Capital World Investors’ holdings in Skyward Specialty Insurance Group were worth $26,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKWD. Financial Management Professionals Inc. purchased a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth about $27,000. GAMMA Investing LLC raised its stake 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 worth $29,000 after purchasing an additional 248 shares in the last quarter. Assetmark Inc. raised its stake 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 worth $36,000 after purchasing an additional 690 shares in the last quarter. Quarry LP raised its stake 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 worth $47,000 after purchasing an additional 844 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Skyward Specialty Insurance Group by 840.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after acquiring an additional 1,487 shares in the last quarter. 94.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Piper Sandler cut their price objective on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. Weiss Ratings downgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a research note on Tuesday. Finally, Barclays raised their price objective on 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 research 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 company. Based on data from MarketBeat, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Skyward Specialty Insurance Group Stock Up 1.3%

Shares of NASDAQ SKWD opened at $46.76 on Wednesday. The business’s 50 day moving average is $45.49 and its two-hundred day moving average is $46.33. The company has a market cap of $1.90 billion, a P/E ratio of 11.27 and a beta of 0.49. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $60.44.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued 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 company had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. Sell-side analysts expect 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 other Skyward Specialty Insurance Group news, Director Gena L. Ashe sold 740 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.35, for a total value of $34,299.00. Following the transaction, the director directly owned 4,570 shares of the company’s stock, valued at $211,819.50. The trade was a 13.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski acquired 2,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were purchased at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the transaction, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. This trade represents a 14.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 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.