Skyward Specialty Insurance Group, Inc. $SKWD Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its position in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) by 45.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,452 shares of the company’s stock after selling 15,090 shares during the period. Sterling Capital Management LLC’s holdings in Skyward Specialty Insurance Group were worth $806,000 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. Financial Management Professionals Inc. acquired a new stake in Skyward Specialty Insurance Group in the fourth quarter valued at $27,000. GAMMA Investing LLC raised its stake in shares of Skyward Specialty Insurance Group by 75.8% during the 4th quarter. GAMMA Investing LLC now owns 575 shares of the company’s stock worth $29,000 after buying an additional 248 shares during the last quarter. Quarry LP boosted its position in shares of Skyward Specialty Insurance Group by 558.9% in the 3rd quarter. Quarry LP now owns 995 shares of the company’s stock worth $47,000 after buying an additional 844 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Skyward Specialty Insurance Group in the 4th quarter valued at about $65,000. Finally, PNC Financial Services Group Inc. grew its stake in Skyward Specialty Insurance Group by 840.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company’s stock valued at $79,000 after acquiring an additional 1,487 shares during the last quarter. 94.83% of the stock is owned by institutional investors and hedge funds.

Skyward Specialty Insurance Group Stock Performance

SKWD stock opened at $59.51 on Thursday. The stock has a market capitalization of $2.41 billion, a P/E ratio of 14.34 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a one year low of $40.60 and a one year high of $61.24. The company has a 50 day moving average price of $48.08 and a two-hundred day moving average price of $46.95.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. Skyward Specialty Insurance Group had a return on equity of 18.24% and a net margin of 11.36%.The company had revenue of $475.87 million for the quarter, compared to analyst estimates of $665.12 million. During the same quarter in the prior year, the company posted $0.90 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKWD has been the subject of a number of research reports. Keefe, Bruyette & Woods upgraded shares of Skyward Specialty Insurance Group from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, March 13th. Texas Capital upgraded shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research 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 research note on Saturday, June 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 16th. Finally, Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group has a consensus rating of “Moderate Buy” and a consensus target price of $65.00.

Insider Activity at Skyward Specialty Insurance Group

In related news, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $51.32, for a total value of $430,934.04. Following the completion of the sale, the insider directly owned 10,353 shares in the company, valued at approximately $531,315.96. The trade was a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gena L. Ashe sold 740 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $46.35, for a total transaction of $34,299.00. Following the transaction, the director directly owned 4,570 shares in the company, valued at approximately $211,819.50. This represents a 13.94% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 8.52% of the company’s stock.

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.