Strs Ohio Decreases Holdings in Skyward Specialty Insurance Group, Inc. $SKWD

Strs Ohio lowered its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,089 shares of the company’s stock after selling 32,000 shares during the period. Strs Ohio’s holdings in Skyward Specialty Insurance Group were worth $4,190,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its position in shares of Skyward Specialty Insurance Group by 30.2% in the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock valued at $332,000 after buying an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company’s stock valued at $1,169,000 after acquiring an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 acquiring an additional 14,217 shares during the last quarter. Jane Street Group LLC raised its position in 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 acquiring an additional 25,022 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Skyward Specialty Insurance Group by 4.7% in the second quarter. Janney Montgomery Scott LLC now owns 10,756 shares of the company’s stock valued at $622,000 after purchasing an additional 479 shares in the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Sandip A. Kapadia sold 5,030 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $50.01, for a total value of $251,550.30. Following the transaction, the insider directly owned 8,059 shares in the company, valued at $403,030.59. This trade 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. 7.86% of the stock is owned by corporate insiders.

Skyward Specialty Insurance Group Stock Up 3.5%

Shares of SKWD opened at $46.48 on Tuesday. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $41.72 and a fifty-two week high of $65.05. The company’s fifty day moving average is $48.27 and its two-hundred day moving average is $48.46. The firm has a market cap of $1.88 billion, a PE ratio of 13.71 and a beta of 0.54.

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

Analyst Upgrades and Downgrades

SKWD has been the subject of a number of recent research reports. Zacks Research raised 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 target price on Skyward Specialty Insurance Group in a report on Thursday, December 4th. Piper Sandler raised their price target on Skyward Specialty Insurance Group from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, December 4th. Janney Montgomery Scott initiated coverage on Skyward Specialty Insurance Group in a report on Monday, October 6th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Citizens Jmp increased their price objective on Skyward Specialty Insurance Group from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $67.82.

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.