Vanguard Group Inc. Purchases 102,191 Shares of Skyward Specialty Insurance Group, Inc. $SKWD

Vanguard Group Inc. lifted its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 4.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,555,033 shares of the company’s stock after buying an additional 102,191 shares during the period. Vanguard Group Inc. owned 0.06% of Skyward Specialty Insurance Group worth $130,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SKWD. Integrated Wealth Concepts LLC raised its position in Skyward Specialty Insurance Group by 30.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company’s stock valued at $332,000 after purchasing an additional 1,456 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 worth $1,169,000 after buying an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake 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 valued at $5,282,000 after buying an additional 14,217 shares during the period. Jane Street Group LLC increased its stake 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 valued at $1,787,000 after buying an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Skyward Specialty Insurance Group by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company’s stock worth $6,128,000 after acquiring an additional 5,913 shares in the last quarter. Institutional investors own 94.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SKWD shares. Citigroup reissued a “market outperform” rating on shares of Skyward Specialty Insurance Group in a research report on Friday, January 16th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research cut Skyward Specialty Insurance Group from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Weiss Ratings downgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, Keefe, Bruyette & Woods raised Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.75.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, Director Christopher Locke Peirce bought 3,200 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was purchased at an average cost of $47.30 per share, with a total value of $151,360.00. Following the transaction, the director directly owned 3,200 shares in the company, valued at $151,360. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew S. Robinson bought 22,100 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was acquired at an average cost of $46.76 per share, for a total transaction of $1,033,396.00. Following the completion of the acquisition, the chief executive officer directly owned 167,674 shares in the company, valued at approximately $7,840,436.24. This trade represents a 15.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 30,500 shares of company stock worth $1,433,546 over the last 90 days. Corporate insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Price Performance

Skyward Specialty Insurance Group stock opened at $45.84 on Tuesday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 11.05 and a beta of 0.54. The firm has a 50 day simple moving average of $45.20 and a 200-day simple moving average of $46.49. Skyward Specialty Insurance Group, Inc. has a 1-year low of $40.60 and a 1-year high of $65.05.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last posted its earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $475.87 million during the quarter, compared to analysts’ expectations of $665.12 million. Skyward Specialty Insurance Group had a return on equity of 19.52% and a net margin of 11.36%.The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. Equities analysts expect that Skyward Specialty Insurance Group, Inc. will post 4.8 earnings per share for the current fiscal year.

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.