Skyward Specialty Insurance Group, Inc. $SKWD Stock Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 854,789 shares of the company’s stock after purchasing an additional 36,997 shares during the period. Dimensional Fund Advisors LP’s holdings in Skyward Specialty Insurance Group were worth $37,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after buying an additional 102,191 shares during the last quarter. Reinhart Partners LLC. grew its stake in shares of Skyward Specialty Insurance Group by 49.8% in the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after buying an additional 803,217 shares in the last quarter. Invesco Ltd. increased its holdings in Skyward Specialty Insurance Group by 5.1% in the fourth quarter. Invesco Ltd. now owns 1,451,648 shares of the company’s stock worth $74,194,000 after buying an additional 70,255 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Skyward Specialty Insurance Group by 2.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,183,920 shares of the company’s stock worth $60,511,000 after buying an additional 33,677 shares during the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Skyward Specialty Insurance Group by 411.7% during the third quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock valued at $45,047,000 after acquiring an additional 762,079 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 analysts have issued reports on the stock. Piper Sandler lifted their target price on shares of Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research note on Tuesday, June 9th. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Finally, Barclays lifted their price objective on shares of Skyward Specialty Insurance Group from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Anthony J. Kuczinski acquired 2,000 shares of Skyward Specialty Insurance Group stock in a transaction dated Thursday, May 21st. The stock was acquired at an average cost of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the purchase, the director owned 15,977 shares of the company’s stock, valued at $752,516.70. This represents a 14.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction of $430,934.04. Following the completion of the sale, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $60.87 on Tuesday. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 14.67 and a beta of 0.34. The business’s 50-day simple moving average is $54.61 and its 200-day simple moving average is $48.63. Skyward Specialty Insurance Group, Inc. has a 52 week low of $40.60 and a 52 week high of $63.96.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The business had revenue of $475.87 million for the quarter, compared to the consensus estimate of $665.12 million. During the same period last year, the business earned $0.90 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.88 earnings per share for the current year.

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.