20,286 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,286 shares of the company’s stock, valued at approximately $1,184,000.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at about $361,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Skyward Specialty Insurance Group during the second quarter worth about $1,330,000. Globeflex Capital L P purchased a new stake in Skyward Specialty Insurance Group in the second quarter valued at approximately $1,396,000. Commerce Bank purchased a new stake in Skyward Specialty Insurance Group in the second quarter valued at approximately $429,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in Skyward Specialty Insurance Group in the 2nd quarter worth approximately $873,000. Hedge funds and other institutional investors own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Down 1.3%

Shares of NASDAQ:SKWD opened at $57.34 on Friday. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.69. The business has a 50 day moving average of $59.58 and a two-hundred day moving average of $50.95. The company has a market capitalization of $2.55 billion, a PE ratio of 13.37 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. The firm had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. Equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Thomas Schmitt sold 8,397 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the sale, the insider owned 10,353 shares in the company, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SKWD. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Keefe, Bruyette & Woods increased their price objective on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Truist Financial boosted their target price on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings raised Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $68.64.

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.