Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 26.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,089 shares of the company’s stock after selling 32,000 shares during the period. Strs Ohio owned 0.22% of Skyward Specialty Insurance Group worth $4,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SKWD. Caitong International Asset Management Co. Ltd boosted its position in shares of Skyward Specialty Insurance Group by 2,223.1% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 604 shares of the company’s stock valued at $35,000 after purchasing an additional 578 shares during the period. Osaic Holdings Inc. grew its position in shares of Skyward Specialty Insurance Group by 140.9% during the second quarter. Osaic Holdings Inc. now owns 1,462 shares of the company’s stock worth $84,000 after acquiring an additional 855 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Skyward Specialty Insurance Group during the third quarter worth approximately $89,000. LRI Investments LLC increased its holdings in shares of Skyward Specialty Insurance Group by 39.4% in the 2nd quarter. LRI Investments LLC now owns 1,756 shares of the company’s stock valued at $101,000 after acquiring an additional 496 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Skyward Specialty Insurance Group in the 2nd quarter valued at $134,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Insider Activity at Skyward Specialty Insurance Group

In other news, insider Sandip A. Kapadia sold 5,030 shares of the company’s stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $50.01, for a total transaction of $251,550.30. Following the transaction, the insider directly owned 8,059 shares of the company’s stock, valued at $403,030.59. This represents a 38.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 7.86% of the company’s stock.

Skyward Specialty Insurance Group Stock Up 3.5%

Shares of NASDAQ:SKWD opened at $46.48 on Tuesday. Skyward Specialty Insurance Group, Inc. has a 52 week low of $41.72 and a 52 week high of $65.05. The company has a 50-day moving average price of $48.27 and a 200 day moving average price of $48.46. The company has a market cap of $1.88 billion, a P/E ratio of 13.71 and a beta of 0.54.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its earnings results on Wednesday, October 29th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.20. The business had revenue of $382.53 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $0.71 EPS. Analysts expect that Skyward Specialty Insurance Group, Inc. will post 3.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on SKWD. Zacks Research upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. JMP Securities set a $80.00 price target on Skyward Specialty Insurance Group in a report on Thursday, December 4th. Citigroup reaffirmed a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Susquehanna set a $80.00 price objective on Skyward Specialty Insurance Group in a research report on Friday, January 16th. Finally, Piper Sandler boosted their target price on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, December 4th. Two investment 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 company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $67.82.

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.