37,120 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Purchased by Alamar Capital Management LLC

Alamar Capital Management LLC purchased a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 37,120 shares of the company's stock, valued at approximately $2,166,000. Skyward Specialty Insurance Group comprises about 1.1% of Alamar Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Alamar Capital Management LLC owned about 0.09% of Skyward Specialty Insurance Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of Skyward Specialty Insurance Group during the first quarter valued at approximately $37,000. Quarry LP raised its holdings in shares of Skyward Specialty Insurance Group by 558.9% in the third quarter. Quarry LP now owns 995 shares of the company's stock worth $47,000 after buying an additional 844 shares during the period. Kestra Advisory Services LLC bought a new stake in shares of Skyward Specialty Insurance Group during the 4th quarter worth approximately $65,000. Fifth Third Bancorp bought a new stake in shares of Skyward Specialty Insurance Group during the 1st quarter worth approximately $60,000. Finally, Osaic Holdings Inc. boosted its holdings in Skyward Specialty Insurance Group by 140.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,462 shares of the company's stock valued at $84,000 after acquiring an additional 855 shares during the period. 94.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Skyward Specialty Insurance Group

In other news, Director Anthony J. Kuczinski bought 2,000 shares of the firm's stock in a transaction that occurred on Thursday, May 21st. The stock was bought at an average price of $47.10 per share, with a total value of $94,200.00. Following the completion of the transaction, the director directly owned 15,977 shares of the company's stock, valued at approximately $752,516.70. The trade was a 14.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas N. Schmitt sold 8,397 shares of the firm's 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 completion of the sale, the insider owned 10,353 shares of the company's stock, valued at approximately $531,315.96. This trade represents a 44.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 8.52% of the company's stock.

Skyward Specialty Insurance Group Trading Up 1.5%

Shares of NASDAQ:SKWD opened at $58.44 on Wednesday. The company has a market capitalization of $2.59 billion, a PE ratio of 13.62 and a beta of 0.34. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.69. The business's fifty day simple moving average is $58.14 and its 200-day simple moving average is $49.84.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 earnings per share 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 analysts' expectations of $706.59 million. Skyward Specialty Insurance Group had a return on equity of 18.72% and a net margin of 10.84%. Research analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

SKWD has been the topic of several research analyst reports. Truist Financial upped their price objective on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Texas Capital raised shares of Skyward Specialty Insurance Group to a "strong-buy" rating in a research note on Tuesday, June 9th. Weiss Ratings upgraded shares of Skyward Specialty Insurance Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 8th. Capital One Financial set a $59.00 price target on shares of Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Finally, Barclays boosted their price objective on shares of Skyward Specialty Insurance Group from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.64.

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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