Centaurus Financial Inc. Acquires Shares of 23,806 Skyward Specialty Insurance Group, Inc. $SKWD

Centaurus Financial Inc. acquired a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) in the second quarter, HoldingsChannel reports. The firm acquired 23,806 shares of the company’s stock, valued at approximately $1,389,000.

Other large investors have also recently made changes to their positions in the company. Royce & Associates LP lifted its position in Skyward Specialty Insurance Group by 24.9% during the fourth quarter. Royce & Associates LP now owns 202,659 shares of the company’s stock valued at $10,358,000 after purchasing an additional 40,339 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Skyward Specialty Insurance Group by 4.1% in the 2nd quarter. Reinhart Partners LLC. now owns 2,894,407 shares of the company’s stock worth $168,889,000 after buying an additional 113,623 shares during the last quarter. UBS Group AG raised its position in shares of Skyward Specialty Insurance Group by 44.5% during the 4th quarter. UBS Group AG now owns 234,366 shares of the company’s stock valued at $11,978,000 after buying an additional 72,196 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Skyward Specialty Insurance Group by 4.2% in the 4th quarter. Vanguard Group Inc. now owns 2,555,033 shares of the company’s stock valued at $130,588,000 after acquiring an additional 102,191 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of Skyward Specialty Insurance Group by 397.5% in the 1st quarter. Sei Investments Co. now owns 433,298 shares of the company’s stock valued at $18,926,000 after acquiring an additional 346,202 shares during the last quarter. 94.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Skyward Specialty Insurance Group

In other news, insider Thomas N. Schmitt sold 8,397 shares of Skyward Specialty Insurance Group stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total transaction 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. This trade 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 can be accessed through this link. Company insiders own 8.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on SKWD. Weiss Ratings upgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Truist Financial raised their price objective on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. TD Cowen lifted their target price on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a “hold” rating in a report on Tuesday, August 11th. Keefe, Bruyette & Woods boosted their target price on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Skyward Specialty Insurance Group has an average rating of “Moderate Buy” and a consensus price target of $68.64.

Skyward Specialty Insurance Group Price Performance

Shares of NASDAQ:SKWD opened at $57.65 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 13.44 and a beta of 0.34. The business has a 50 day simple moving average of $59.15 and a two-hundred day simple moving average of $50.47. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.60 and a 1 year high of $65.69.

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

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.