14,900 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Purchased by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 14,900 shares of the company’s stock, valued at approximately $870,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Skyward Specialty Insurance Group in the second quarter valued at approximately $214,576,000. Reinhart Partners LLC. boosted its stake in shares of Skyward Specialty Insurance Group by 49.8% in the 4th quarter. Reinhart Partners LLC. now owns 2,416,753 shares of the company’s stock valued at $123,521,000 after purchasing an additional 803,217 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Skyward Specialty Insurance Group by 411.7% during the 3rd quarter. Balyasny Asset Management L.P. now owns 947,170 shares of the company’s stock worth $45,047,000 after acquiring an additional 762,079 shares during the last quarter. Wasatch Advisors LP increased its position in Skyward Specialty Insurance Group by 198.5% in the 2nd quarter. Wasatch Advisors LP now owns 954,489 shares of the company’s stock valued at $55,694,000 after acquiring an additional 634,708 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of Skyward Specialty Insurance Group during the third quarter worth $24,234,000. Institutional investors and hedge funds own 94.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SKWD shares. Piper Sandler restated an “overweight” rating on shares of Skyward Specialty Insurance Group in a research report on Monday, August 24th. Texas Capital raised shares of Skyward Specialty Insurance Group to a “strong-buy” rating in a research report on Tuesday, June 9th. Barclays boosted their price target on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Wall Street Zen upgraded Skyward Specialty Insurance Group from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings upgraded Skyward Specialty Insurance Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $68.64.

Insider Buying and Selling

In related news, insider Thomas Schmitt sold 8,397 shares of the 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 transaction, the insider owned 10,353 shares of the company’s stock, valued at $531,315.96. This represents a 44.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.52% of the company’s stock.

Skyward Specialty Insurance Group Stock Performance

SKWD opened at $57.34 on Friday. The stock has a fifty day moving average of $59.58 and a 200-day moving average of $50.95. The company has a market capitalization of $2.55 billion, a P/E ratio of 13.37 and a beta of 0.33. Skyward Specialty Insurance Group, Inc. has a fifty-two week low of $40.60 and a fifty-two week high of $65.69.

Skyward Specialty Insurance Group (NASDAQ:SKWD) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share for the quarter, beating 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 firm had revenue of $489.53 million during the quarter, compared to analysts’ expectations of $706.59 million. On average, equities research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share 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.