23,925 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Acquired by Globeflex Capital L P

Key Points

• Globeflex Capital acquired 23,925 shares of Skyward Specialty Insurance Group in the second quarter, valued at approximately $1.4 million. Institutional investors collectively own 94.83% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $68.64. Barclays and Truist recently raised their targets, while Texas Capital upgraded the stock to “strong buy.”
• Skyward Specialty reported quarterly EPS of $1.30, beating estimates of $1.17, alongside a 10.84% net margin and 18.72% return on equity. Shares opened at $57.92, with a 12-month range of $40.60 to $65.69.

Globeflex Capital L P bought a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,925 shares of the company's stock, valued at approximately $1,396,000. Globeflex Capital L P owned 0.05% of Skyward Specialty Insurance Group as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Integrated Wealth Concepts LLC raised its stake in Skyward Specialty Insurance Group by 30.2% during the first quarter. Integrated Wealth Concepts LLC now owns 6,285 shares of the company's stock worth $332,000 after buying an additional 1,456 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Skyward Specialty Insurance Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,096 shares of the company's stock valued at $1,169,000 after purchasing an additional 967 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Skyward Specialty Insurance Group by 16.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 99,804 shares of the company's stock valued at $5,282,000 after purchasing an additional 14,217 shares in the last quarter. Jane Street Group LLC grew its stake in Skyward Specialty Insurance Group by 286.1% during the first quarter. Jane Street Group LLC now owns 33,768 shares of the company's stock worth $1,787,000 after purchasing an additional 25,022 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Skyward Specialty Insurance Group by 5.9% in the second quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company's stock worth $6,128,000 after purchasing an additional 5,913 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised their price objective 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. Capital One Financial set a $59.00 price objective on shares of Skyward Specialty Insurance Group in a research report on Tuesday, June 9th. Truist Financial increased their price target on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. TD Cowen boosted their price objective on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the company a "hold" rating in a report on Tuesday, August 11th. Finally, Texas Capital raised Skyward Specialty Insurance Group to a "strong-buy" rating in a research report on Tuesday, June 9th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.64.

Insider Buying and Selling

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

Skyward Specialty Insurance Group Trading Up 1.8%

Shares of Skyward Specialty Insurance Group stock opened at $57.92 on Tuesday. The stock has a fifty day simple moving average of $58.70 and a 200 day simple moving average of $50.18. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.69. The company has a market capitalization of $2.57 billion, a P/E ratio of 13.50 and a beta of 0.34.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $489.53 million during the quarter, compared to analyst estimates of $706.59 million. On average, analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.98 EPS for the current 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.

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