Reinhart Partners LLC. Buys 113,623 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Reinhart Partners LLC. grew its stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,894,407 shares of the company’s stock after buying an additional 113,623 shares during the quarter. Skyward Specialty Insurance Group comprises 3.9% of Reinhart Partners LLC.’s holdings, making the stock its 5th biggest position. Reinhart Partners LLC. owned about 0.07% of Skyward Specialty Insurance Group worth $168,889,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Skyward Specialty Insurance Group by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock valued at $774,000 after buying an additional 228 shares during the period. CWM LLC increased its holdings in Skyward Specialty Insurance Group by 19.4% in the fourth quarter. CWM LLC now owns 2,013 shares of the company’s stock worth $103,000 after buying an additional 327 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Skyward Specialty Insurance Group by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock valued at $2,109,000 after purchasing an additional 341 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Skyward Specialty Insurance Group by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after purchasing an additional 423 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Skyward Specialty Insurance Group in the 4th quarter valued at $27,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SKWD has been the subject of a number of recent research reports. Truist Financial upped their price objective on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research report on Saturday. Keefe, Bruyette & Woods upped their price target on Skyward Specialty Insurance Group from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Piper Sandler increased their price objective on Skyward Specialty Insurance Group from $68.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Barclays raised their price objective on Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.70.

Skyward Specialty Insurance Group Stock Down 3.0%

Shares of NASDAQ SKWD opened at $63.67 on Friday. Skyward Specialty Insurance Group, Inc. has a 12 month low of $40.60 and a 12 month high of $65.69. The company has a market cap of $2.58 billion, a P/E ratio of 14.84 and a beta of 0.34. The business’s 50 day moving average is $56.04 and its two-hundred day moving average is $49.10.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data 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. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 19.61%. The business had revenue of $489.53 million for the quarter, compared to the consensus estimate of $706.59 million. Sell-side analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.91 earnings per share for the current fiscal year.

Insider Activity

In other Skyward Specialty Insurance Group news, Director Anthony J. Kuczinski purchased 2,000 shares of the stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of $47.10 per share, with a total value of $94,200.00. Following the acquisition, the director directly owned 15,977 shares of the company’s stock, valued at $752,516.70. This represents a 14.31% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gena L. Ashe sold 740 shares of the firm’s 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 owned 4,570 shares of the company’s stock, valued at $211,819.50. This trade represents a 13.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 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.