Freestone Grove Partners LP Makes New Investment in Skyward Specialty Insurance Group, Inc. $SKWD

Freestone Grove Partners LP bought a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 362,333 shares of the company’s stock, valued at approximately $21,142,000. Freestone Grove Partners LP owned approximately 0.82% of Skyward Specialty Insurance Group at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in Skyward Specialty Insurance Group by 1.3% during the first quarter. The Manufacturers Life Insurance Company now owns 17,714 shares of the company’s stock valued at $774,000 after purchasing an additional 228 shares in the last quarter. CWM LLC increased its stake in Skyward Specialty Insurance Group by 19.4% in the 4th quarter. CWM LLC now owns 2,013 shares of the company’s stock valued at $103,000 after buying an additional 327 shares during the period. California State Teachers Retirement System lifted its position in Skyward Specialty Insurance Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 36,490 shares of the company’s stock worth $2,109,000 after buying an additional 341 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Skyward Specialty Insurance Group by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 6,536 shares of the company’s stock valued at $334,000 after buying an additional 423 shares during the period. Finally, Graham Capital Management L.P. boosted its stake in shares of Skyward Specialty Insurance Group by 2.3% during the 4th quarter. Graham Capital Management L.P. now owns 23,842 shares of the company’s stock valued at $1,219,000 after buying an additional 536 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Trading Down 0.7%

Shares of SKWD stock opened at $57.65 on Friday. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year high of $65.69. The firm’s fifty day simple moving average is $59.15 and its 200 day simple moving average is $50.47. The firm has a market capitalization of $2.56 billion, a P/E ratio of 13.44 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.13. Skyward Specialty Insurance Group had a net margin of 10.84% and a return on equity of 18.72%. The business had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. Equities research analysts anticipate that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SKWD shares. TD Cowen raised their price target on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Keefe, Bruyette & Woods boosted their price target on 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. Capital One Financial set a $59.00 price objective on Skyward Specialty Insurance Group in a report on Tuesday, June 9th. Piper Sandler reaffirmed an “overweight” rating on shares of Skyward Specialty Insurance Group in a research report on Monday. Finally, Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Skyward Specialty Insurance Group currently has an average rating of “Moderate Buy” and an average price target of $68.64.

Insiders Place Their Bets

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the business’s stock in a transaction 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 sale, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. The trade was a 44.78% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.52% of the stock is owned by corporate insiders.

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.