12,779 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,779 shares of the company’s stock, valued at approximately $558,000.

Several other hedge funds also recently bought and sold shares of SKWD. Integrated Wealth Concepts LLC increased its stake in Skyward Specialty Insurance Group by 30.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after purchasing an additional 1,456 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Skyward Specialty Insurance Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after purchasing an additional 967 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Skyward Specialty Insurance Group by 16.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock valued at $5,282,000 after purchasing an additional 14,217 shares during the period. Jane Street Group LLC grew its holdings in shares of Skyward Specialty Insurance Group by 286.1% in the first quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after purchasing an additional 25,022 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Skyward Specialty Insurance Group by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after purchasing an additional 5,913 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 1.1%

Shares of Skyward Specialty Insurance Group stock opened at $61.57 on Wednesday. The stock’s fifty day moving average price is $54.89 and its 200-day moving average price is $48.75. The firm has a market cap of $2.50 billion, a P/E ratio of 14.84 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $63.96.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.13. The company had revenue of $489.53 million for the quarter, compared to analysts’ expectations of $706.59 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. Analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.88 earnings per share for the current year.

Insider Activity

In related news, Director Gena L. Ashe sold 740 shares of the company’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 directly owned 4,570 shares in the company, valued at $211,819.50. This represents a 13.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski purchased 2,000 shares of the stock in a transaction dated Thursday, May 21st. The stock was purchased at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the acquisition, the director directly owned 15,977 shares in the company, valued at approximately $752,516.70. This 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.

Analyst Ratings Changes

A number of brokerages recently weighed in on SKWD. Wall Street Zen lowered shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Piper Sandler raised their target price on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Capital One Financial set a $59.00 target price on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Finally, Weiss Ratings raised shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and a consensus price target of $67.67.

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.