19,897 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Acquired by Man Group plc

Key Points

• Man Group plc acquired 19,897 shares of Skyward Specialty Insurance Group during the second quarter, valued at approximately $1.16 million. Institutional investors collectively own 94.83% of the company.
• SKWD recently traded down 1.9% to $56.32, with a market capitalization of about $2.5 billion. The stock has ranged from $40.60 to $65.69 over the past year.
• Skyward Specialty reported quarterly EPS of $1.30, beating analyst expectations of $1.17, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $68.64. Insider Thomas N. Schmitt separately sold 8,397 shares in June.

Man Group plc bought a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,897 shares of the company's stock, valued at approximately $1,161,000.

Several other hedge funds have also recently added to or reduced their stakes in SKWD. Deutsche Bank AG bought a new position in Skyward Specialty Insurance Group in the 2nd quarter valued at about $2,731,000. Royce & Associates LP increased its stake in Skyward Specialty Insurance Group by 24.9% during the 4th quarter. Royce & Associates LP now owns 202,659 shares of the company's stock valued at $10,358,000 after buying an additional 40,339 shares during the period. Reinhart Partners LLC. raised its position in shares of Skyward Specialty Insurance Group by 4.1% during 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 in 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 worth $11,978,000 after buying an additional 72,196 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 worth $130,588,000 after acquiring an additional 102,191 shares during the period. Institutional investors own 94.83% of the company's stock.

Skyward Specialty Insurance Group Trading Down 1.9%

NASDAQ:SKWD opened at $56.32 on Thursday. Skyward Specialty Insurance Group, Inc. has a twelve month low of $40.60 and a twelve month high of $65.69. The company has a 50-day moving average of $59.56 and a 200-day moving average of $50.81. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 13.13 and a beta of 0.33.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $706.59 million. On average, research analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current year.

Wall Street Analyst Weigh In

SKWD has been the topic of a number of research analyst reports. 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, August 25th. TD Cowen upped their target price on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the stock a "hold" rating in a research report on Tuesday, August 11th. Capital One Financial set a $59.00 target price on Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Texas Capital raised Skyward Specialty Insurance Group to a "strong-buy" rating in a research note on Tuesday, June 9th. Finally, Wall Street Zen upgraded Skyward Specialty Insurance Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $68.64.

Insider Transactions at Skyward Specialty Insurance Group

In other Skyward Specialty Insurance Group news, insider Thomas N. Schmitt sold 8,397 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $51.32, for a total value of $430,934.04. Following the transaction, the insider owned 10,353 shares of the company's stock, valued at approximately $531,315.96. This represents a 44.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.52% of the company's stock.

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.

Want to see what other hedge funds are holding SKWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source