Skyward Specialty Insurance Group, Inc. $SKWD Shares Acquired by FJ Capital Management LLC

FJ Capital Management LLC lifted its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 468.3% during the fourth quarter, HoldingsChannel reports. The firm owned 144,736 shares of the company’s stock after purchasing an additional 119,269 shares during the quarter. Skyward Specialty Insurance Group comprises about 0.8% of FJ Capital Management LLC’s holdings, making the stock its 27th largest holding. FJ Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $7,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in SKWD. Integrated Wealth Concepts LLC lifted its position in shares of Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock worth $332,000 after purchasing an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Skyward Specialty Insurance Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock worth $1,169,000 after purchasing an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Skyward Specialty Insurance Group by 16.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company’s stock worth $5,282,000 after purchasing an additional 14,217 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Skyward Specialty Insurance Group by 286.1% during the first quarter. Jane Street Group LLC now owns 33,768 shares of the company’s stock worth $1,787,000 after purchasing an additional 25,022 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Skyward Specialty Insurance Group by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock valued at $6,128,000 after acquiring an additional 5,913 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Price Performance

SKWD opened at $50.05 on Friday. The stock has a market capitalization of $2.03 billion, a PE ratio of 12.06 and a beta of 0.49. The firm’s fifty day moving average price is $45.88 and its 200 day moving average price is $46.39. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $60.00.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results 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. Skyward Specialty Insurance Group had a net margin of 11.36% and a return on equity of 18.24%. The firm had revenue of $475.87 million for the quarter, compared to analysts’ expectations of $665.12 million. During the same period in the prior year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Skyward Specialty Insurance Group

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a report on Tuesday, June 9th. Wall Street Zen cut shares of Skyward Specialty Insurance Group from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, Barclays upped their price target on shares of Skyward Specialty Insurance Group from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.00.

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.