Skyward Specialty Insurance Group, Inc. $SKWD Shares Bought by GW&K Investment Management LLC

GW&K Investment Management LLC grew its holdings in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 68.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 604,678 shares of the company’s stock after purchasing an additional 245,799 shares during the quarter. GW&K Investment Management LLC’s holdings in Skyward Specialty Insurance Group were worth $30,905,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its stake in Skyward Specialty Insurance Group by 22.0% during the 4th quarter. Cerity Partners LLC now owns 19,471 shares of the company’s stock worth $995,000 after purchasing an additional 3,505 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter worth $606,000. State of Wyoming boosted its stake in Skyward Specialty Insurance Group by 181.3% during the 4th quarter. State of Wyoming now owns 2,934 shares of the company’s stock worth $150,000 after purchasing an additional 1,891 shares during the last quarter. Reinhart Partners LLC. boosted its stake in Skyward Specialty Insurance Group by 49.8% during the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock worth $123,521,000 after purchasing an additional 803,217 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new stake in Skyward Specialty Insurance Group during the 4th quarter worth $301,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Skyward Specialty Insurance Group Trading Up 4.7%

Shares of SKWD opened at $48.95 on Thursday. The firm has a market cap of $1.98 billion, a P/E ratio of 11.80 and a beta of 0.49. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $60.00. The company’s 50-day moving average price is $45.60 and its 200 day moving average price is $46.35.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.12. The firm had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. Skyward Specialty Insurance Group’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.90 EPS. Equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

SKWD has been the topic of several analyst reports. Weiss Ratings lowered Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Capital One Financial set a $59.00 price target on Skyward Specialty Insurance Group in a report on Tuesday. Barclays lifted their price target on Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Piper Sandler reduced their price target on Skyward Specialty Insurance Group from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods upgraded Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.00.

Insider Activity

In related news, Director Gena L. Ashe sold 740 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $46.35, for a total value of $34,299.00. Following the sale, the director directly owned 4,570 shares in the company, valued at approximately $211,819.50. The trade was a 13.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anthony J. Kuczinski acquired 2,000 shares of Skyward Specialty Insurance Group stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $47.10 per share, for a total transaction of $94,200.00. Following the completion of the acquisition, the director owned 15,977 shares in the company, valued at $752,516.70. This trade represents a 14.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 8.52% of the stock is currently owned by insiders.

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.