Globeflex Capital L P Invests $1.40 Million in Skyward Specialty Insurance Group, Inc. $SKWD

Globeflex Capital L P purchased a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 23,925 shares of the company’s stock, valued at approximately $1,396,000.

Several other institutional investors also recently added to or reduced their stakes in SKWD. Royce & Associates LP increased its stake in shares of Skyward Specialty Insurance Group by 24.9% during the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock worth $10,358,000 after purchasing an additional 40,339 shares during the last quarter. Reinhart Partners LLC. lifted its stake in Skyward Specialty Insurance Group by 4.1% in the second quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company’s stock valued at $168,889,000 after purchasing an additional 113,623 shares during the last quarter. UBS Group AG grew its holdings in Skyward Specialty Insurance Group by 44.5% during the fourth quarter. UBS Group AG now owns 234,366 shares of the company’s stock valued at $11,978,000 after purchasing an additional 72,196 shares during the period. Vanguard Group Inc. increased its position in Skyward Specialty Insurance Group by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock worth $130,588,000 after buying an additional 102,191 shares during the last quarter. Finally, Sei Investments Co. increased its position in Skyward Specialty Insurance Group by 397.5% in the first quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock worth $18,926,000 after buying an additional 346,202 shares during the last quarter. Institutional investors own 94.83% of the company’s stock.

Insider Buying and Selling at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the sale, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 1.8%

Shares of SKWD opened at $57.92 on Tuesday. The business’s 50-day moving average price is $58.70 and its 200-day moving average price is $50.18. The stock has a market cap of $2.57 billion, a PE ratio of 13.50 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.13. The company had revenue of $489.53 million for the quarter, compared to the consensus estimate of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%. Analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKWD has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating on shares of Skyward Specialty Insurance Group in a report on Monday. Keefe, Bruyette & Woods upped their price objective on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Truist Financial boosted their price target 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given 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 price target of $68.64.

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.