41,055 Shares in Skyward Specialty Insurance Group, Inc. $SKWD Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc acquired 41,055 shares of Skyward Specialty Insurance Group in the second quarter, valued at approximately $2.4 million. Institutional investors collectively own 94.83% of the company.
• Skyward Specialty reported quarterly EPS of $1.30, beating estimates of $1.17, while revenue totaled $489.53 million. The stock opened at $57.34, compared with a 52-week range of $40.60 to $65.69.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $68.64; Truist Financial and Keefe, Bruyette & Woods raised their targets to $75.

Legal & General Group Plc purchased a new stake in Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 41,055 shares of the company's stock, valued at approximately $2,396,000. Legal & General Group Plc owned approximately 0.09% of Skyward Specialty Insurance Group as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its position in shares of Skyward Specialty Insurance Group by 30.2% during the 1st 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. grew its position in shares of Skyward Specialty Insurance Group by 4.6% in 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 buying an additional 967 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Skyward Specialty Insurance Group by 16.6% in 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 buying an additional 14,217 shares during the last quarter. Jane Street Group LLC raised its stake in Skyward Specialty Insurance Group by 286.1% during the 1st quarter. Jane Street Group LLC now owns 33,768 shares of the company's stock worth $1,787,000 after acquiring an additional 25,022 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Skyward Specialty Insurance Group by 5.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 106,039 shares of the company's stock worth $6,128,000 after acquiring an additional 5,913 shares in the last quarter. 94.83% of the stock is currently owned by hedge funds and other institutional investors.

Skyward Specialty Insurance Group Stock Performance

Shares of NASDAQ SKWD opened at $57.34 on Friday. Skyward Specialty Insurance Group, Inc. has a one year low of $40.60 and a one year high of $65.69. The firm has a market capitalization of $2.55 billion, a P/E ratio of 13.37 and a beta of 0.33. The company's fifty day moving average is $59.58 and its two-hundred day moving average is $50.95.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.30 EPS for the quarter, beating 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 analysts' expectations of $706.59 million. On average, sell-side analysts forecast that Skyward Specialty Insurance Group, Inc. will post 4.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Texas Capital raised Skyward Specialty Insurance Group to a "strong-buy" rating in a report on Tuesday, June 9th. Truist Financial boosted their target price on Skyward Specialty Insurance Group from $70.00 to $75.00 and gave the company a "buy" rating in a report on Thursday, August 6th. TD Cowen upped their target price on Skyward Specialty Insurance Group from $49.00 to $65.00 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Capital One Financial set a $59.00 price target on Skyward Specialty Insurance Group in a research note on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods lifted their price target on Skyward Specialty Insurance Group from $72.00 to $75.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. 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. According to MarketBeat.com, Skyward Specialty Insurance Group presently has a consensus rating of "Moderate Buy" and an average target price of $68.64.

Insider Activity

In other news, insider Thomas Schmitt sold 8,397 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 10,353 shares of the company's stock, valued at $531,315.96. The trade was a 44.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.52% of the company's stock.

About Skyward Specialty Insurance Group

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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