51,722 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Bought by Empowered Funds LLC

Empowered Funds LLC acquired a new position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 51,722 shares of the company’s stock, valued at approximately $3,018,000.

Other institutional investors have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group during the 1st quarter valued at $37,000. Quarry LP raised its stake in shares of Skyward Specialty Insurance Group by 558.9% during the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after purchasing an additional 844 shares during the period. Fifth Third Bancorp purchased a new position in shares of Skyward Specialty Insurance Group in the 1st quarter worth about $60,000. Kestra Advisory Services LLC purchased a new position in shares of Skyward Specialty Insurance Group in the 4th quarter worth about $65,000. Finally, KBC Group NV grew its position in Skyward Specialty Insurance Group by 73.2% during the first quarter. KBC Group NV now owns 1,780 shares of the company’s stock valued at $78,000 after buying an additional 752 shares during the period. Institutional investors own 94.83% of the company’s stock.

Insider Buying and Selling

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $51.32, for a total transaction of $430,934.04. Following the sale, the insider directly owned 10,353 shares of the company’s stock, valued at $531,315.96. This represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.52% of the stock is currently owned by company insiders.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ SKWD opened at $56.32 on Thursday. Skyward Specialty Insurance Group, Inc. has a one year low of $40.60 and a one year high of $65.69. The business’s fifty day moving average price is $59.56 and its 200-day moving average price is $50.81. The stock has a market capitalization of $2.50 billion, a PE ratio of 13.13 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.13. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%.The company had revenue of $489.53 million during the quarter, compared to the consensus estimate of $706.59 million. As a group, equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on SKWD shares. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Keefe, Bruyette & Woods boosted their target price on shares of Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Piper Sandler reissued an “overweight” rating on shares of Skyward Specialty Insurance Group in a research report on Monday, August 24th. Wall Street Zen upgraded shares of Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Truist Financial raised their price target on shares of Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Skyward Specialty Insurance Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.64.

About Skyward Specialty Insurance Group

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.