Skyward Specialty Insurance Group, Inc. $SKWD Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 407.4% during the third quarter, Holdings Channel.com reports. The fund owned 54,384 shares of the company’s stock after buying an additional 43,666 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Skyward Specialty Insurance Group were worth $2,587,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Squarepoint Ops LLC raised its position in Skyward Specialty Insurance Group by 116.6% during the second quarter. Squarepoint Ops LLC now owns 89,436 shares of the company’s stock worth $5,169,000 after acquiring an additional 48,148 shares during the period. Federated Hermes Inc. lifted its stake in Skyward Specialty Insurance Group by 5.5% in the 2nd quarter. Federated Hermes Inc. now owns 490,526 shares of the company’s stock valued at $28,347,000 after buying an additional 25,711 shares in the last quarter. American Century Companies Inc. boosted its holdings in Skyward Specialty Insurance Group by 6.0% in the 2nd quarter. American Century Companies Inc. now owns 598,762 shares of the company’s stock worth $34,602,000 after buying an additional 34,129 shares during the last quarter. Reinhart Partners LLC. increased its stake in Skyward Specialty Insurance Group by 68.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,613,536 shares of the company’s stock worth $76,740,000 after buying an additional 654,500 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Skyward Specialty Insurance Group by 1.5% in the second quarter. Nordea Investment Management AB now owns 68,394 shares of the company’s stock worth $3,890,000 after acquiring an additional 1,001 shares during the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

SKWD opened at $45.03 on Wednesday. The stock has a market capitalization of $1.82 billion, a PE ratio of 13.28 and a beta of 0.54. Skyward Specialty Insurance Group, Inc. has a one year low of $42.71 and a one year high of $65.05. The business’s 50 day moving average price is $48.21 and its 200 day moving average price is $48.41.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.85 by $0.20. The business had revenue of $382.53 million for the quarter, compared to analyst estimates of $334.54 million. Skyward Specialty Insurance Group had a return on equity of 17.30% and a net margin of 10.57%.During the same quarter in the prior year, the company posted $0.71 EPS. As a group, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on SKWD. Raymond James Financial set a $66.00 price objective on Skyward Specialty Insurance Group in a report on Friday, December 5th. Susquehanna set a $80.00 price target on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Citigroup restated a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Janney Montgomery Scott assumed coverage on shares of Skyward Specialty Insurance Group in a report on Monday, October 6th. They issued a “buy” rating and a $60.00 price objective for the company. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Skyward Specialty Insurance Group in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $67.82.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Sandip A. Kapadia sold 5,030 shares of the stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the completion of the transaction, the insider owned 8,059 shares of the company’s stock, valued at $403,030.59. This trade represents a 38.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.86% of the stock is owned by 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.