Calamos Advisors LLC Takes Position in Skyward Specialty Insurance Group, Inc. $SKWD

Key Points

• Calamos Advisors LLC initiated a new position of 32,465 shares in Skyward Specialty (NASDAQ:SKWD) in Q4, worth about $1.66 million and equal to roughly 0.08% of the company.
• Skyward beat Q4 estimates with $1.17 EPS (vs. $0.96 est.) and $385.6M revenue; the stock trades at a market cap of ~$2.02B and P/E of 11.13, with a consensus analyst rating of Moderate Buy and an average target of $65.89.
• Company insiders have been buying: two directors purchased shares at ~$48.79 and $47.30, insiders bought 30,500 shares (~$1.43M) over the last three months, and now own 8.52% of the stock.

Calamos Advisors LLC purchased a new stake in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 32,465 shares of the company's stock, valued at approximately $1,659,000. Calamos Advisors LLC owned approximately 0.08% of Skyward Specialty Insurance Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SKWD. Financial Management Professionals Inc. bought a new stake in shares of Skyward Specialty Insurance Group during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC raised its stake in Skyward Specialty Insurance Group by 75.8% in the fourth quarter. GAMMA Investing LLC now owns 575 shares of the company's stock worth $29,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. raised its stake in Skyward Specialty Insurance Group by 1,210.5% in the third quarter. Assetmark Inc. now owns 747 shares of the company's stock worth $36,000 after buying an additional 690 shares in the last quarter. Quarry LP raised its stake in 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Skyward Specialty Insurance Group by 840.1% in the third quarter. PNC Financial Services Group Inc. now owns 1,664 shares of the company's stock worth $79,000 after buying an additional 1,487 shares in the last quarter. Institutional investors own 94.83% of the company's stock.

Skyward Specialty Insurance Group Trading Down 1.4%

NASDAQ SKWD opened at $45.28 on Tuesday. The firm's fifty day simple moving average is $45.31 and its two-hundred day simple moving average is $46.64. Skyward Specialty Insurance Group, Inc. has a 12-month low of $40.60 and a 12-month high of $65.05. The firm has a market capitalization of $2.02 billion, a P/E ratio of 11.13 and a beta of 0.61.

Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last released its quarterly earnings results on Monday, February 23rd. The company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.21. Skyward Specialty Insurance Group had a net margin of 12.00% and a return on equity of 17.98%. The business had revenue of $385.59 million for the quarter, compared to analyst estimates of $380.86 million. During the same period in the previous year, the company earned $0.80 earnings per share. As a group, sell-side analysts predict that Skyward Specialty Insurance Group, Inc. will post 4.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Anthony J. Kuczinski purchased 2,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were acquired at an average cost of $48.79 per share, with a total value of $97,580.00. Following the completion of the acquisition, the director owned 10,903 shares of the company's stock, valued at $531,957.37. This trade represents a 22.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher Locke Peirce purchased 3,200 shares of the business's stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of $47.30 per share, for a total transaction of $151,360.00. Following the completion of the acquisition, the director directly owned 3,200 shares of the company's stock, valued at approximately $151,360. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 30,500 shares of company stock valued at $1,433,546. 8.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SKWD has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Keefe, Bruyette & Woods raised shares of Skyward Specialty Insurance Group from a "moderate buy" rating to a "strong-buy" rating in a research note on Friday, March 13th. Weiss Ratings downgraded shares of Skyward Specialty Insurance Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, March 19th. Susquehanna set a $80.00 price objective on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. Finally, Citigroup reissued a "market outperform" rating on shares of Skyward Specialty Insurance Group in a research note on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Skyward Specialty Insurance Group presently has a consensus rating of "Moderate Buy" and an average target price of $65.89.

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.

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